Project
| ID | INDIGO-POJ-0011 |
|---|---|
| Impact Bond Name - (Value) | Duo for a job |
| Stage of Development - (Value) | Complete |
| Dates - Start date of service provision - (Value) | 2014-01 |
| Dates - (Source ID's) | source4 |
| Overall project finance - Total investment commitment - Currency - (Value) | EUR |
| Overall project finance - Total investment commitment - Amount - Exact - (Value) | 234000 |
| Overall project finance - Total investment commitment - Amount USD - Exact - (Value) | 310455.6954 |
| Purpose and classifications - Intervention - (Value) | Duo for a Job, an intergenerational mentoring programme, matches young unemployed migrants with experienced local retirees. The 'duos' work together for a period of six months to connect the young migrant to local networks and help find suitable employment. |
| Purpose and classifications - Policy sector - (Value) | Employment and training |
| Purpose and classifications - (Source ID's) | source8,source3 |
| Service and beneficiaries - Target population - (Value) | Young migrants aged 18 to 30 years who are: not EU, US or Canadian nationals; are legally residing in Brussels; and are registered with Actiris (the government employment agency) |
| Service and beneficiaries - (Source ID's) | source8 |
| Notes - (Value) | 1) Evaluator: l'Observatoire bruxellois de l'emploi (Brussels Observatory of Employment) - use of a matched comparison group 2) Financial terms: 100% re-payment of the principal will be made if the employment rate is beyond 10 % of the control group. In this case, additional return of investments can be received, ranging between 3% to 7 %. 3) No clear name could be identified, some refer to the SIB as "Duo for the Job" (e.g. Brookings Institute). |
| Delivery Locations 1: Location - Name - (Value) | Brussels |
| Delivery Locations 1: Location - Country - (Value) | BE |
| Delivery Locations 1: Lat/Lng - Lat - (Value) | 50.840974 |
| Delivery Locations 1: Lat/Lng - Lng - (Value) | 4.350059 |
| Sources 1: Id | source1 |
| Sources 1: Name - (Value) | Translation of the french version of the article by T. Dermine, M. Le Grelle and F. Simonart "Social Impact Bonding" ( English version published in Standford Social Innovation Review, 2016), p. 5 (accessed 26 July 2019) |
| Sources 2: Id | source2 |
| Sources 2: Name - (Value) | Blog by P.L. Christiane Celebrating the one year anniversary of a Belgian premiere (published 26 February 2015) Evap Website (accessed 26 July 2019) |
| Sources 3: Id | source3 |
| Sources 3: Name - (Value) | Translation of the french version of the article by T. Dermine, M. Le Grelle and F. Simonart "Social Impact Bonding" (English version published in Standford Social Innovation Review, 2016), p. 5 (accessed 26 July 2019) |
| Sources 4: Id | source4 |
| Sources 4: Name - (Value) | Translation of the french version of the article by T. Dermine, M. Le Grelle and F. Simonart "Social Impact Bonding" ( English version published in Standford Social Innovation Review, 2016), p. 5 (accessed 26 July 2019) https://www.duoforajob.be/wp-content/uploads/2017/04/SocialImpactBonding_FR_v2.pdf |
| Sources 5: Id | source5 |
| Sources 5: Name - (Value) | Blog by P.L. Christiane Celebrating the one year anniversary of a Belgian permiere (published 26 February 2015) Evap Website (accessed 26 July 2019) |
| Sources 6: Id | source6 |
| Sources 6: Name - (Value) | Provider website |
| Sources 7: Id | source7 |
| Sources 7: Name - (Value) | Translation of the french version of the article by T. Dermine, M. Le Grelle and F. Simonart "Social Impact Bonding" (English version published in Standford Social Innovation Review, 2016), p. 5 (accessed 26 July 2019) https://www.duoforajob.be/wp-content/uploads/2017/04/SocialImpactBonding_FR_v2.pdf; Stibbe structures first SIB in Europe, Stibbe Website (accessed 26 July 2019) https://www.stibbe.com/en/csr/pro-bono/stibbe-structures-first-sib |
| Sources 8: Id | source8 |
| Sources 8: Name - (Value) | Social Finance Impact Bond Global Database (accessed 26 July 2019) |
| Sources 9: Id | source9 |
| Sources 9: Name - (Value) | Translation of the french version of the article by T. Dermine, M. Le Grelle and F. Simonart "Social Impact Bonding" (English version published in Standford Social Innovation Review, 2016), p. 5 (accessed 26 July 2019) https://www.duoforajob.be/wp-content/uploads/2017/04/SocialImpactBonding_FR_v2.pdf; Translation of the blog by S. Steisel "Social Impact Bonds: a bond towards social innovation", Degroof Petercam Website (published 27 June 2014) (accessed 26 July 2019) https://blog.degroofpetercam.com/fr/philanthropie/519/social-impact-bonds-un-bond-vers-linnovation-sociale |
| Sources 10: Id | source10 |
| Sources 10: Name - (Value) | A. Parkinson Making Sense of Social Impact Bonds for Companies (October 2015), page 7 (accessed 26 July 2019) |
| Sources 11: Id | source11 |
| Sources 11: Name - (Value) | 1) Translation of the french version of the article by T. Dermine, M. Le Grelle and F. Simonart "Social Impact Bonding" (English version published in Standford Social Innovation Review, 2016), p. 5 (accessed 26 July 2019) https://www.duoforajob.be/wp-content/uploads/2017/04/SocialImpactBonding_FR_v2.pdf 2) Translation of the french version of the article by T. Dermine, M. Le Grelle and F. Simonart "Social Impact Bonding" (English version published in Standford Social Innovation Review, 2016), p. 5 (accessed 26 July 2019) https://www.duoforajob.be/wp-content/uploads/2017/04/SocialImpactBonding_FR_v2.pdf ) 3) Self; E. Gustafsson-Wright, S. Gardiner and V. Puchta, The Potential and Limitations of Impact Bonds (July 2015), page 125 (accessed 26 July 2019) https://www.brookings.edu/wp-content/uploads/2016/07/Impact-Bondsweb.pdf |
| Sources 12: Id | sourcehackandlearn2020 |
| Sources 12: Name - (Value) | Hack and Learn - September 2020 |
| Service Provisions 1: Id | serviceprovision1 |
| Service Provisions 1: Organisation ID - (Value) | INDIGO-ORG-0039 |
| Outcome Payment Commitments 1: Organisation ID - (Value) | INDIGO-ORG-0043 |
| Outcome Payment Commitments 1: Maximum potential Outcome payment - Amount - (Value) | 290000 |
| Investments 1: Id | investment1 |
| Investments 1: Organisation ID - (Value) | INDIGO-ORG-0044 |
| Investments 1: Investment Commitment - Currency - (Value) | EUR |
| Investments 1: Investment Commitment - Amount - Exact - (Value) | 234000 |
| Investments 1: Investment Commitment - Amount USD - Exact - (Value) | 310455.6954 |
| Intermediary services 1: Organisation ID - (Value) | INDIGO-ORG-0040 |
| Intermediary services 1: Organisation Role Category - (Value) | Performance management |
| Intermediary services 2: Organisation ID - (Value) | INDIGO-ORG-0041 |
| Intermediary services 3: Organisation ID - (Value) | INDIGO-ORG-0042 |
| Outcome Metrics 1: Id | outcomemetric1 |
| Outcome Metrics 1: Outcome Definition - (Value) | Increase in employment rate. Employment rate for participants in the Duo for job programme is higher than the control group. Scale of improvement determines payment: investors receive back principal when 10% increase relative to control is achieved, with an additional bonus for outcomes above this level. Employment rate for participant and control groups. |
| Outcome Metrics 1: Targeted number of service users Or beneficiaries (total) - (Value) | 180 |
| Outcome Metrics 1: Primary SDG goal - (Value) | 8 |
| Outcome Metrics 1: Primary SDG target - (Value) | 8.6 |