Project
| ID | INDIGO-POJ-0039 |
|---|---|
| Impact Bond Name - (Value) | Aluma SIB |
| Stage of Development - (Value) | Implementation |
| Dates - Date outcomes contract signed - (Value) | 2015-04 |
| Dates - Start date of service provision - (Value) | 2015 |
| Dates - (Source ID's) | source1 |
| Overall project finance - Total investment commitment - Currency - (Value) | Israeli new shekels |
| Overall project finance - Total investment commitment - Amount - Exact - (Value) | 10548100 |
| Overall project finance - Total investment commitment - Amount USD - Exact - (Value) | 2713803.01 |
| Purpose and classifications - Intervention - (Value) | The intervention seeks to reduce Computer Sciences student dropout rates in Haifa University and in Tel Aviv Yaffo Academic College, focusing on students coming from disadvantaged populations. Each student will receive: financial support, personal and tailored guidance, academic reinforcement (group studies, private tutoring, learning hubs, exams intensive preparation), and orientation with program mentors. |
| Purpose and classifications - Policy sector - (Value) | Education |
| Purpose and classifications - (Source ID's) | source5,source2 |
| Service and beneficiaries - Target population - (Value) | Participants must meet the following criteria: (1) must be studying Computer Science at Haifa University and in Tel Aviv Yaffo Academic College, (2) identified by the university as a student with a high risk of droping out, based on past achievements and socioeconomic background. |
| Service and beneficiaries - Targeted number of unique service users or beneficiaries (total) - (Value) | 600 |
| Service and beneficiaries - (Source ID's) | source5 |
| Delivery Locations 1: Location - Name - (Value) | Haifa and Tel Aviv, Israel |
| Delivery Locations 1: Location - Country - (Value) | IL |
| Delivery Locations 1: Lat/Lng - Lat - (Value) | 32.085567 |
| Delivery Locations 1: Lat/Lng - Lng - (Value) | 34.790847 |
| Sources 1: Id | source1 |
| Sources 1: Name - (Value) | https://www.jpost.com/Israel-News/Israel-launches-first-ever-social-impact-bond-in-field-of-higher-education-432043 [Access: 26 jul 2019] |
| Sources 2: Id | source2 |
| Sources 2: Name - (Value) | http://www.social-finance.org.il/category/Reducing-Dropout-Rates-in-Higher-Education [Access: 26 jul 2019] |
| Sources 3: Id | source3 |
| Sources 3: Name - (Value) | https://www.edrf.org.il/en/programs/social-impact-bond-for-academic-dropout-rate-reduction/ [Access: 26 jul 2019] |
| Sources 4: Id | source4 |
| Sources 4: Name - (Value) | https://sibdatabase.socialfinance.org.uk/ - currency converstion USD to ILS at the rate of 3.51602 [Access: 26 jul 2019] |
| Sources 5: Id | source5 |
| Sources 5: Name - (Value) | https://www.jpost.com/Israel-News/Israel-launches-first-ever-social-impact-bond-in-field-of-higher-education-432043, https://www.edrf.org.il/en/programs/social-impact-bond-for-academic-dropout-rate-reduction/ [Access: 26 jul 2019] |
| Sources 6: Id | source6 |
| Sources 6: Name - (Value) | Translation from Google Translate: https://www.themarker.com/news/education/1.2768223 [Access: 26 jul 2019] |
| Sources 7: Id | source7 |
| Sources 7: Name - (Value) | https://sibdatabase.socialfinance.org.uk/ [Access: 26 jul 2019] |
| Service Provisions 1: Id | serviceprovision1 |
| Service Provisions 1: Organisation ID - (Value) | INDIGO-ORG-0970 |
| Outcome Payment Commitments 1: Organisation ID - (Value) | INDIGO-ORG-0971 |
| Outcome Payment Commitments 2: Organisation ID - (Value) | INDIGO-ORG-0972 |
| Investments 1: Id | investment1 |
| Investments 1: Organisation ID - (Value) | INDIGO-ORG-0973 |
| Investments 2: Id | investment2 |
| Investments 2: Organisation ID - (Value) | INDIGO-ORG-0974 |
| Investments 3: Id | investment3 |
| Investments 3: Organisation ID - (Value) | INDIGO-ORG-0975 |
| Intermediary services 1: Organisation ID - (Value) | INDIGO-ORG-0219 |
| Intermediary services 1: Organisation Role Category - (Value) | Performance management |
| Outcome Metrics 1: Id | outcomemetric1 |
| Outcome Metrics 1: Outcome Definition - (Value) | Project achieves a student dropout prevention rate that leads to savings for the academic institution of up to NIS 8,000,000 (repaid amount is equal to the amount saved). Historical baseline. |
| Outcome Metrics 1: Targeted number of service users Or beneficiaries (total) - (Value) | 600 |
| Outcome Metrics 1: Policy sector - (Value) | Education |
| Outcome Metrics 1: Primary SDG goal - (Value) | 4 |
| Outcome Metrics 1: Secondary SDG goals - (Value) | 10 |
| Outcome Metrics 1: Primary SDG target - (Value) | 4.3 |
| Outcome Metrics 1: Secondary SDG targets - (Value) | 4.4 |
| Outcome Metrics 2: Id | outcomemetric2 |
| Outcome Metrics 2: Outcome Definition - (Value) | Project achieves a student dropout prevention rate that leads to savings for the academic institution of over NIS 8,000,000 (amount repaid corresponds to the amount saved over NIS 8,000,000, with a cap of SEK 800,000 [10% yield cap]). Historical baseline. |
| Outcome Metrics 2: Policy sector - (Value) | Education |
| Outcome Metrics 2: Primary SDG goal - (Value) | 4 |
| Outcome Metrics 2: Secondary SDG goals - (Value) | 10 |
| Outcome Metrics 2: Primary SDG target - (Value) | 4.3 |
| Outcome Metrics 2: Secondary SDG targets - (Value) | 4.4 |
| Results 1: Outcome Metric Id - (Value) | outcomemetric1 |
| Results 1: Number engaged In impact bond - (Value) | 640 |