Project: Youth and Young Women’s Livelihoods (YYWL) Fund
State of development: Current
Stage of development: Early stage
Stage notes: Feasibility Study conducted in 2018. Currently finalising a Scoping and Marketing study with the objective to confirm service providers’ interest in participating to the DIB and secure expressions of interest from a pool of potential outcome funders and investors. Structuring phase expected to start in Q2-Q3 2022 – fundraising for the structuring costs ongoing.
Type of instrument — Impact Bond: No; Outcomes Fund: Yes; Social Impact Incentives (SIINC): No; Social Impact Guarantee: No; Payment-by-results (no pre-financing): No; Technical Assistance and Market-building program: No; Other: 
Part of a larger outcomes-based financing program: No 
Expected launch date: Q2 - 2023 or later
Total expected project development time: 12-24 months
Expected length of project (years): 4
Project design process began: Q4 2021
Rationale for using outcome-based finance: Clear outcomes identified to finance these interventions through a DIB, will to strengthen service’s providers capabilities in delivering in the context of a RBF mechanism
Key challenges to launch: Securing outcome funding in a post-pandemic context
Role of the domestic government — Outcomes funder: No; Service provider: No; Member of project committee: Yes; No formal role: No; Other: 
Service providers identified and selected — Request-for-proposals: No; Direct contracting by outcome funder/investor/intermediary: No; Provider-led deal development: No; Other: N/A  
Feasibility study: Yes
Proposed financing instruments — Debt: Yes; Equity: No; Guarantee: No; Grant: Yes; Other: 
Technical assistance grant: No — TBD
Estimated maximum potential outcome payment: 1500000 USD
Overall project finance notes: USD$5-15m funding requirement estimated during the feasibility study per country
Social/developmental challenge: The analysis of Senegal’s and Tanzania’s socio-economic contexts showed a mismatch between available skills and job market needs as well as the vulnerability of the youth and particularly young women when it comes to unemployment or decent employment. The development of both vocational training to equip young people with adequate competencies and entrepreneurial skills stands out among the main priorities identified in both countries. Access to capital for the youth and young women is also a key issue identified.
Expected intervention model: Feasibility study confirmed the relevance of 5 types of interventions: life-skills development, vocational training, support to entrepreneurship, job placement services and financial inclusion. Intervention model to be further defined around at least one of these categories in collaboration with the selected service provider(s) during the strucuturing phase.
Policy sectors — Employment and private sector development: Yes; Education: Yes; Social protection: No; Criminal justice: No; Health: No; Agriculture: No; Environment and climate change: No; Water, Sanitation and Hygiene: No; Energy: No; Humanitarian: No; Early Childhood Education: ; Other: Other: Gender
Secondary SDG goals: 4,5,8,13
Target population: Young people aged 15 to 35 years old with a specific focus on young women
Targeted number of unique service users or beneficiaries: TBD during the structuring phase
Unit type of targeted beneficiaries: Individual
Country income classification of beneficiaries — Low-income: No; Lower-middle-income: Yes; Upper-middle-income: No; High-income: No
Notes: Data for this pipeline project was last updated in September 2022
Delivery location: Senegal, Tanzania