Project
| ID | INDIGO-POJ-0022 |
|---|---|
| Impact Bond Name - (Value) | Cali Progresses with Employment |
| Stage of Development - (Value) | Implementation |
| Dates - Start date of service provision - (Value) | 2019-02 |
| Dates - (Source ID's) | source1 |
| Overall project finance - Total investment commitment - Currency - (Value) | COP |
| Overall project finance - Total investment commitment - Amount - Exact - (Value) | 2700000000 |
| Overall project finance - Total investment commitment - Amount USD - Exact - (Value) | 867231.7579 |
| Purpose and classifications - Social challenge - (Value) | Unemployment |
| Purpose and classifications - Intervention - (Value) | The SIB aims to employ vulnerable individuals in formal jobs and support them in retaining those jobs (ideally for 6 months but at least for 3 months). The SIB supports a range of employment measures, including soft and hard skill training, psychosocial support, socio-occupational orientation, and intermediation services for job placement and retention. The intervention was originally designed by ACDI VOCA, Fundación ANDI, and Fundación Corona. |
| Purpose and classifications - Policy sector - (Value) | Employment and training |
| Purpose and classifications - (Source ID's) | source2,source1 |
| Service and beneficiaries - Target population - (Value) | Individuals not formally employed at the start of the program, aged 18-40, and who had not participated in employment programs launched by the Municipality of Cali in the last 2 years. Participants also had to meet one of the following requirements: score below 41.74 on the Beneficiary Selection System for Social Programs (SISBEN), belong to Red Unidos or Gestores (government programs for particularly vulnerable communities), or be victims of displacement due to armed conflict. |
| Service and beneficiaries - Targeted number of unique service users or beneficiaries (total) - (Value) | 856 |
| Service and beneficiaries - (Source ID's) | source2 |
| Notes - (Value) | The Swiss Secretariat is the outcome funder. IDB Lab, with SECO funding, is the copayer, with the Cali Municipality. Cali and the I-Lab, as co-payors, will only pay for the individuals that actually find and retain stable employment, for at least 3 to 6 months, and not for activities that the program operators will be providing (such as training courses or job intermediation with employers). The results of the program will be verified by Deloitte, which will serve as the independent auditor. |
| Delivery Locations 1: Service Provision ID - (Value) | serviceprovision1 |
| Delivery Locations 1: Location - Name - (Value) | Cali, Colombia |
| Delivery Locations 1: Location - Country - (Value) | CO |
| Delivery Locations 1: Lat/Lng - Lat - (Value) | 3.467672 |
| Delivery Locations 1: Lat/Lng - Lng - (Value) | -76.522923 |
| Sources 1: Id | source1 |
| Sources 1: Name - (Value) | "Cali launches the second social impact bond project in Colombia" (Fundacion Alvaralice, accessed on 4 June 2020) https://alvaralice.org/en/news/cali-launches-the-second-social-impact-bonds-project-in-colombia/ |
| Sources 2: Id | source2 |
| Sources 2: Name - (Value) | Fundación Corona, IDB Lab, and Corporación Inversor (email correspondence on 4 June 2020) |
| Sources 3: Id | sourcehackandlearn2021 |
| Sources 3: Name - (Value) | Hack and Learn - March 2021 |
| Service Provisions 1: Id | serviceprovision1 |
| Service Provisions 1: Organisation ID - (Value) | INDIGO-ORG-0275 |
| Service Provisions 2: Id | serviceprovision2 |
| Service Provisions 2: Organisation ID - (Value) | INDIGO-ORG-0276 |
| Service Provisions 3: Id | serviceprovision3 |
| Service Provisions 3: Organisation ID - (Value) | INDIGO-ORG-1043 |
| Service Provisions 4: Id | serviceprovision4 |
| Service Provisions 4: Organisation ID - (Value) | INDIGO-ORG-1044 |
| Outcome Payment Commitments 1: Organisation ID - (Value) | INDIGO-ORG-0282 |
| Investments 1: Id | investment1 |
| Investments 1: Organisation ID - (Value) | INDIGO-ORG-0283 |
| Investments 2: Id | investment2 |
| Investments 2: Organisation ID - (Value) | INDIGO-ORG-0284 |
| Investments 3: Id | investment3 |
| Investments 3: Organisation ID - (Value) | INDIGO-ORG-0285 |
| Investments 4: Id | investment4 |
| Investments 4: Organisation ID - (Value) | INDIGO-ORG-0286 |
| Investments 5: Id | investment5 |
| Investments 5: Organisation ID - (Value) | INDIGO-ORG-0287 |
| Intermediary services 1: Organisation ID - (Value) | INDIGO-ORG-0278 |
| Intermediary services 1: Organisation Role Category - (Value) | Performance management |
| Intermediary services 2: Organisation ID - (Value) | INDIGO-ORG-0279 |
| Intermediary services 3: Organisation ID - (Value) | INDIGO-ORG-0280 |
| Intermediary services 4: Organisation ID - (Value) | INDIGO-ORG-1048 |
| Intermediary services 5: Organisation ID - (Value) | INDIGO-ORG-1049 |
| Outcome Metrics 1: Id | outcomemetric1 |
| Outcome Metrics 1: Outcome Definition - (Value) | Formal employment |
| Outcome Metrics 1: Targeted number of service users Or beneficiaries (total) - (Value) | 856 |
| Outcome Metrics 1: Primary SDG goal - (Value) | 8 |
| Outcome Metrics 1: Primary SDG target - (Value) | 8.3 |
| Outcome Metrics 2: Id | outcomemetric2 |
| Outcome Metrics 2: Outcome Definition - (Value) | 3 month retention |
| Outcome Metrics 2: Primary SDG goal - (Value) | 8 |
| Outcome Metrics 2: Primary SDG target - (Value) | 8.3 |
| Outcome Metrics 3: Id | outcomemetric3 |
| Outcome Metrics 3: Outcome Definition - (Value) | 6 month retention |
| Outcome Metrics 3: Primary SDG goal - (Value) | 8 |
| Outcome Metrics 3: Primary SDG target - (Value) | 8.3 |
| Documents 1: Title - (Value) | Case study - Evolution of the payment-by-results ecosystem in Colombia (in Spanish) |
| Documents 1: URL - (Value) | https://s3.eu-west-2.amazonaws.com/golab.prod/documents/Evolucion-del-ecosistema-de-pago-por-resultados-en-Colombia-Estudio-de-Caso.pdf |
| Documents 2: Title - (Value) | Contract |
| Documents 2: URL - (Value) | http://www.sibs.co/wp-content/uploads/2019/12/Convenio-Cooperacion-Tecnica-BISII.pdf |
| Documents 2: Notes | Source: sourcehackandlearn2021 |