Project
| ID | INDIGO-POJ-0013 |
|---|---|
| Impact Bond Name - (Value) | Back on Track |
| Stage of Development - (Value) | Implementation |
| Dates - Start date of service provision - (Value) | 2020-03 |
| Dates - (Source ID's) | source2 |
| Overall project finance - Total investment commitment - Currency - (Value) | EUR |
| Overall project finance - Total investment commitment - Amount - Exact - (Value) | 1700000 |
| Overall project finance - Total investment commitment - Amount USD - Exact - (Value) | 1899683.312 |
| Purpose and classifications - Intervention - (Value) | The ‘Back on Track’ program is aimed at young people deprived of income and housing.The non-profit organization Oranjehuis will intensively support young people according to the principle of 'Housing First for Youth.'" This method focuses first of all on housing, then helping young people to recover, build a network and find a job or training. For young people who are coming out of detention, the non-profit organization wants to greatly reduce the risk of recidivism. The program will be spread over three years in the provinces of West and East Flanders. Each young participant will be intensively supported for twelve months. |
| Purpose and classifications - Policy sector - (Value) | Homelessness |
| Purpose and classifications - (Source ID's) | source1 |
| Service and beneficiaries - Target population - (Value) | 133 young adults aged 17 to 25 in precarious situations. These are young people who are homeless, or who are at risk of becoming homeless, and who find themselves without help because of the current long waiting list for reception solutions. |
| Service and beneficiaries - Targeted number of unique service users or beneficiaries (total) - (Value) | 133 |
| Service and beneficiaries - (Source ID's) | source1 |
| Delivery Locations 1: Location - Name - (Value) | Flanders, Belgium (East Flanders and West Flanders) |
| Delivery Locations 1: Location - Country - (Value) | BE |
| Delivery Locations 1: Lat/Lng - Lat - (Value) | 51.13038 |
| Delivery Locations 1: Lat/Lng - Lng - (Value) | 3.336307 |
| Sources 1: Id | source1 |
| Sources 1: Name - (Value) | BNP Paribas Fortis (accessed on 7 April 2020), https://dixit.bnpparibasfortis.be/fr/article?id=16473b0b-b829-64b2-8a14-ff00008cb533 |
| Sources 2: Id | source2 |
| Sources 2: Name - (Value) | BNP Paribs(accessed on 7 April 2020), https://group.bnpparibas/en/news/bnp-paribas-structures-10th-social-impact-bond-worldwide-1st-belgium |
| Service Provisions 1: Id | serviceprovision1 |
| Service Provisions 1: Organisation ID - (Value) | INDIGO-ORG-0706 |
| Outcome Payment Commitments 1: Organisation ID - (Value) | INDIGO-ORG-0709 |
| Investments 1: Id | investment1 |
| Investments 1: Organisation ID - (Value) | INDIGO-ORG-0018 |
| Investments 2: Id | investment2 |
| Investments 2: Organisation ID - (Value) | INDIGO-ORG-0710 |
| Investments 3: Id | investment3 |
| Investments 3: Organisation ID - (Value) | INDIGO-ORG-0707 |
| Investments 4: Id | investment4 |
| Investments 4: Organisation ID - (Value) | INDIGO-ORG-0711 |
| Investments 5: Id | investment5 |
| Investments 5: Organisation ID - (Value) | INDIGO-ORG-0712 |
| Intermediary services 1: Organisation ID - (Value) | INDIGO-ORG-0018 |
| Intermediary services 2: Organisation ID - (Value) | INDIGO-ORG-0707 |
| Intermediary services 3: Organisation ID - (Value) | INDIGO-ORG-0708 |
| Outcome Metrics 1: Id | outcomemetric1 |
| Outcome Metrics 1: Outcome Definition - (Value) | 85% of young adults obtain a renting agreement |
| Outcome Metrics 1: Targeted number of service users Or beneficiaries (total) - (Value) | 133 |
| Outcome Metrics 2: Id | outcomemetric2 |
| Outcome Metrics 2: Outcome Definition - (Value) | 40% of young adults have a legal income or start a training |
| Outcome Metrics 3: Id | outcomemetric3 |
| Outcome Metrics 3: Outcome Definition - (Value) | 25% reduction in recidivism compared to a reference rate |