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Figure 20. How does Pay-for-Success work                                                                                  4


                                                                                                                                            Investment






                                                                   Financiers




                      Government                                                                         Service providers
                                                     7. Return of           1. Investment of
                                                  principal + interest         principal


                                                                                         2. Coordinate,              3. Deliver

                5. Evaluate                                                               structure, deal             services
                                      6. Pay-for-Success
                 impacts                                                                     & manage
                                                                                             performance




                                                                 Intermediaries





                                                             4. Achieve outcomes

                       Evaluators                                                                          People in need


               Source: OHKF, 2017, November

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