Project
| ID | INDIGO-POJ-0302 |
|---|---|
| Impact Bond Name - (Value) | Istanbul Kodluyor (Istanbul codes) |
| Alternative Names - (Value) | Turkiye Outcomes Partnership |
| Stage of Development - (Value) | Implementation |
| Stage of Development - (Source ID's) | source1 |
| Social Investment Prototype - (Value) | NO |
| Dates - Date outcomes contract signed - (Value) | 2023-08 |
| Dates - Start date of service provision - (Value) | 2023-08 |
| Dates - Anticipated end date of service provision - (Value) | 2025-07 |
| Dates - Anticipated duration of service provision - (Value) | 24 |
| Dates - (Source ID's) | source1,source2 |
| Jurisdiction - Jurisdiction - (Value) | TR |
| Jurisdiction - (Source ID's) | source1 |
| Overall project finance - Total investment commitment - Currency - (Value) | USD |
| Overall project finance - (Source ID's) | source1,source2 |
| Purpose and classifications - Social challenge - (Value) | The youth unemployment rate in Turkiye is estimated to be at least 20% (this may under-represent the challenge, as many young adults are dropping out of the labour force altogether). There is a growing ICT industry sector in Turkiye, but the challenge is a skills mismatch – high demand for ICT jobs but very few candidates with the required skills. |
| Purpose and classifications - Intervention - (Value) | The purpose of the project is to provide 600 unemployed young people with skills and integrate them into the workforce. Companies will also be able to meet their demand for trained human resources in the software area. |
| Purpose and classifications - Policy sector - (Value) | Employment and training |
| Purpose and classifications - Primary SDG goal - (Value) | 8 |
| Purpose and classifications - Secondary SDG goals - (Value) | 1,5 |
| Purpose and classifications - (Source ID's) | source1, source4 |
| Service and beneficiaries - Target population - (Value) | Young adults aged 18-35 in Turkiye, who have been not in employment, education, or training for at least 6 months |
| Service and beneficiaries - Targeted number of unique service users or beneficiaries (total) - (Value) | 600 |
| Service and beneficiaries - Unit type of targeted service users or beneficiaries - (Value) | Individual |
| Service and beneficiaries - (Source ID's) | source1 |
| Delivery Locations 1: Service Provision ID - (Value) | deliverylocation1 |
| Delivery Locations 1: Location - Name - (Value) | Istanbul |
| Delivery Locations 1: Location - Country - (Value) | TR |
| Delivery Locations 1: Lat/Lng - Lat - (Value) | 41.0082 |
| Delivery Locations 1: Lat/Lng - Lng - (Value) | 28.9784 |
| Sources 1: Id | source1 |
| Sources 1: Name - (Value) | Türkiye's first social impact project: Istanbul Codes |
| Sources 1: Type - (Value) | Press release |
| Sources 1: URL - (Value) | https://www.trtworld.com/turkiye/turkiyes-first-social-impact-project-istanbul-codes-14527244 |
| Sources 1: Publication Date - (Value) | 2023-08-18 |
| Sources 1: Accessed Date - (Value) | 2023-09-04 |
| Sources 2: Id | source2 |
| Sources 2: Name - (Value) | Email correspondence with Bridges Fund Management on 25 June 2024 |
| Sources 2: Type - (Value) | Email correspondence |
| Sources 3: Id | source3 |
| Sources 3: Name - (Value) | Email correspondence with Alethina Impact on 14 December 2024. |
| Sources 3: Type - (Value) | Email correspondence |
| Sources 4: Id | source4 |
| Sources 4: Name - (Value) | Email correspondence with Bridges Outcomes Partnerships on 6th December 2024 |
| Sources 4: Type - (Value) | Email correspondence |
| Sources 4: Publication Date - (Value) | 6th December 2024 |
| Sources 4: Accessed Date - (Value) | 27th January 2025 |
| Service Provisions 1: Id | serviceprovision1 |
| Service Provisions 1: Organisation ID - (Value) | INDIGO-ORG-1588 |
| Service Provisions 1: Intervention - (Value) | Providing training to unemployed young people and support with finding employment. |
| Service Provisions 1: Planned Service - Start - (Value) | 2023-08 |
| Service Provisions 1: Planned Service - End - (Value) | 2025-07 |
| Outcome Payment Commitments 1: Organisation ID - (Value) | INDIGO-ORG-1589 |
| Outcome Payment Commitments 1: Organisation Role Category - (Value) | Government/Public Sector/Public Bank |
| Outcome Payment Commitments 1: Maximum potential Outcome payment - Currency - (Value) | USD |
| Outcome Payment Commitments 1: Maximum potential Outcome payment - Amount - (Value) | 1250000 |
| Outcome Payment Commitments 1: Maximum potential Outcome payment - Amount USD - (Value) | 1250000 |
| Investments 1: Id | investments1 |
| Investments 1: Organisation ID - (Value) | INDIGO-ORG-1587 |
| Investments 1: Organisation Role Category - (Value) | Multilateral/Bilateral/Intergovernmental Financial Institution |
| Investments 2: Id | investments2 |
| Investments 2: Organisation ID - (Value) | INDIGO-ORG-0534 |
| Investments 2: Organisation Role Category - (Value) | Foundation/Philanthropist |
| Investments 3: Id | investments3 |
| Investments 3: Organisation ID - (Value) | INDIGO-ORG-1279 |
| Investments 3: Organisation Role Category - (Value) | Multilateral/Bilateral/Intergovernmental Financial Institution |
| Investments 4: Id | investments4 |
| Investments 4: Organisation ID - (Value) | INDIGO-ORG-1707 |
| Investments 4: Organisation Role Category - (Value) | Foundation/Philanthropist |
| Investments 5: Id | investments5 |
| Investments 5: Organisation ID - (Value) | INDIGO-ORG-1280 |
| Investments 5: Organisation Role Category - (Value) | High Net Worth Individual/Family Office/Private Bank |
| Investments 6: Id | investments6 |
| Investments 6: Organisation ID - (Value) | INDIGO-ORG-1708 |
| Investments 6: Organisation Role Category - (Value) | Foundation/Philanthropist |
| Intermediary services 1: Organisation ID - (Value) | INDIGO-ORG-0121 |
| Intermediary services 2: Organisation ID - (Value) | INDIGO-ORG-1674 |
| Intermediary services 2: Organisation Role Category - (Value) | Performance management |
| Intermediary services 3: Organisation ID - (Value) | INDIGO-ORG-1675 |
| Outcome Metrics 1: Id | outcomemetric1 |
| Outcome Metrics 1: Outcome Definition - (Value) | Young Adults completing the core training (Coding for All). |
| Outcome Metrics 1: Target Population - (Value) | Young adults aged 18-35 in Turkiye, who have been not in employment, education, or training for at least 6 months |
| Outcome Metrics 1: Unit type of targeted Service users or beneficiaries - (Value) | Individual |
| Outcome Metrics 1: Unit description of Service user or beneficiaries - (Value) | No. of people |
| Outcome Metrics 1: Outcome metric target - (Value) | 600 |
| Outcome Metrics 2: Id | outcomemetric2 |
| Outcome Metrics 2: Outcome Definition - (Value) | Participant successfully gains employment in the ICT sector. |
| Outcome Metrics 2: Target Population - (Value) | Participants of the programme |
| Outcome Metrics 2: Unit type of targeted Service users or beneficiaries - (Value) | Individual |
| Outcome Metrics 2: Unit description of Service user or beneficiaries - (Value) | No. of people |
| Outcome Metrics 2: Outcome metric target - (Value) | 450 |
| Outcome Metrics 3: Id | outcomemetric3 |
| Outcome Metrics 3: Outcome Definition - (Value) | Participant successfully sustains employment in the ICT sector for at least 6 months. |
| Outcome Metrics 3: Target Population - (Value) | Participants of the programme who have achieved Outcome 2 |
| Outcome Metrics 3: Unit type of targeted Service users or beneficiaries - (Value) | Individual |
| Outcome Metrics 3: Unit description of Service user or beneficiaries - (Value) | No. of people |
| Outcome Metrics 3: Outcome metric target - (Value) | 370 |
| Outcome Metrics 4: Id | outcomemetric4a |
| Outcome Metrics 4: Outcome Definition - (Value) | Bonus Outcomes for Over-Performance (a) |
| Outcome Metrics 4: Target Population - (Value) | Participants of the programme who have achieved Outcome 3, after the first 370 |
| Outcome Metrics 4: Unit type of targeted Service users or beneficiaries - (Value) | Individual |
| Outcome Metrics 4: Unit description of Service user or beneficiaries - (Value) | No. of people |
| Outcome Metrics 4: Outcome metric target - (Value) | 40 |
| Outcome Metrics 5: Id | outcomemetric4b |
| Outcome Metrics 5: Outcome Definition - (Value) | Bonus Outcomes for Over-Performance (b) |
| Outcome Metrics 5: Target Population - (Value) | Participants of the programme who have achieved Outcome 3, after the first 410 |
| Outcome Metrics 5: Unit type of targeted Service users or beneficiaries - (Value) | Individual |
| Outcome Metrics 5: Unit description of Service user or beneficiaries - (Value) | No. of people |
| Outcome Metrics 5: Outcome metric target - (Value) | 140 |
| Outcome Metrics 6: Id | outcomemetric5 |
| Outcome Metrics 6: Outcome Definition - (Value) | Bonus Outcome to promote women in Tech Jobs |
| Outcome Metrics 6: Target Population - (Value) | Female participants of the programme who have achieved Outcome 3, after the first 92 |
| Outcome Metrics 6: Unit type of targeted Service users or beneficiaries - (Value) | Individual |
| Outcome Metrics 6: Unit description of Service user or beneficiaries - (Value) | No. of people |
| Outcome Metrics 6: Outcome metric target - (Value) | 50 |
| Outcome Pricings 1: Outcome Metric Id - (Value) | outcomemetric1 |
| Outcome Pricings 1: Currency - (Value) | USD |
| Outcome Pricings 1: Price Per Unit - Amount - (Value) | 240 |
| Outcome Pricings 1: Maximum Price if all targets achieved - Amount - (Value) | 144000 |
| Outcome Pricings 1: Price Description - (Value) | per participant that starts the course |
| Outcome Pricings 2: Outcome Metric Id - (Value) | outcomemetric2 |
| Outcome Pricings 2: Currency - (Value) | USD |
| Outcome Pricings 2: Price Per Unit - Amount - (Value) | 1000 |
| Outcome Pricings 2: Maximum Price if all targets achieved - Amount - (Value) | 450000 |
| Outcome Pricings 2: Price Description - (Value) | per participant that enters employment |
| Outcome Pricings 3: Outcome Metric Id - (Value) | outcomemetric3 |
| Outcome Pricings 3: Currency - (Value) | USD |
| Outcome Pricings 3: Price Per Unit - Amount - (Value) | 1100 |
| Outcome Pricings 3: Maximum Price if all targets achieved - Amount - (Value) | 407000 |
| Outcome Pricings 3: Price Description - (Value) | per participant that sustains employment for at least 6 months - upto 370 outcomes |
| Outcome Pricings 4: Outcome Metric Id - (Value) | outcomemetric3 |
| Outcome Pricings 4: Currency - (Value) | USD |
| Outcome Pricings 4: Price Per Unit - Amount - (Value) | 1000 |
| Outcome Pricings 4: Maximum Price if all targets achieved - Amount - (Value) | 40000 |
| Outcome Pricings 4: Price Description - (Value) | per participant that sustains employment for at least 6 months - next 40 outcomes above the 370 |
| Outcome Pricings 5: Outcome Metric Id - (Value) | outcomemetric3 |
| Outcome Pricings 5: Currency - (Value) | USD |
| Outcome Pricings 5: Price Per Unit - Amount - (Value) | 1350 |
| Outcome Pricings 5: Maximum Price if all targets achieved - Amount - (Value) | 185000 |
| Outcome Pricings 5: Price Description - (Value) | per participant that sustains employment for at least 6 months - for all additional outcomes above the 410 |
| Outcome Pricings 6: Outcome Metric Id - (Value) | outcomemetric4 |
| Outcome Pricings 6: Currency - (Value) | USD |
| Outcome Pricings 6: Price Per Unit - Amount - (Value) | 500 |
| Outcome Pricings 6: Maximum Price if all targets achieved - Amount - (Value) | 25000 |
| Outcome Pricings 6: Price Description - (Value) | per additional female participant that sustains employment for at least 6 months above 92 female participants |
| Results 1: Outcome Metric Id - (Value) | outcomemetric1 |
| Results 1: Result level - (Value) | Outcome level |
| Results 1: Result type - (Value) | Interim |
| Results 1: Period - Start - (Value) | 2023-08 |
| Results 1: Period - End - (Value) | 2024-03 |
| Results 1: Number with Positive social outcomes - (Value) | 832 |
| Results 2: Outcome Metric Id - (Value) | outcomemetric2 |
| Results 2: Result level - (Value) | Outcome level |
| Results 2: Result type - (Value) | Interim |
| Results 2: Period - Start - (Value) | 2023-08 |
| Results 2: Period - End - (Value) | 2024-03 |
| Results 2: Number with Positive social outcomes - (Value) | 31 |
| Documents 1: Title - (Value) | A First in Türkiye: Social Impact Bond Launched! (press release) |
| Documents 1: URL - (Value) | https://www.eydk.org/wp-content/uploads/2023/08/Social-Impact-Bond-Press-Bulletin.pdf |