Impact Bond: Mother Teresa Middle School
Stage of development: Implementation
Policy sector: Education
Intervention: The intervention supports young people who are at high risk of poor academic achievement to engage in education and remain in school. It focuses particularly on students from indigenous communities, who historically have had lower graduation rates than non-indigenous students. 
Start of service provision: 2016
Total investment commitment currency: CAD
Total investment commitment: 1000000
Total investment commitment (USD): 754366.7479
Target population: Grade 6 to 8 students whose probability of success has been compromised by social and economic factors - a large proportion of these are First Nations or Metis.
Targeted number of service users or beneficiaries: 88
Notes: 1) Full repayment of the principal and payment of an annual interest rate of 1.3%: achievement of a 82 % or higher Grade 12 graduation rate; repayment of 3/4 of the principal: at least 75% graduation rate; no repayment of principal: graduation rate below 75%. 2) Progress is tracked annually by the Canadian Ministry of Education.