Project
| ID | INDIGO-POJ-0074 |
|---|---|
| Impact Bond Name - (Value) | Bonds 4 Jobs (South Africa) |
| Stage of Development - (Value) | Complete |
| Stage of Development - (Source ID's) | source13 |
| Dates - Date outcomes contract signed - (Value) | 2018-01 |
| Dates - Anticipated completion date - (Value) | 2021 |
| Dates - Actual completion date - (Value) | 2020-07 |
| Dates - Start date of service provision - (Value) | 2018-01 |
| Dates - Anticipated end date of service provision - (Value) | 2021 |
| Dates - Actual end date of service provision - (Value) | 2020-07 |
| Dates - (Source ID's) | source3,source13 |
| Dates - (Notes) | The project ended prematurely because of Covid-19 in July 2020. |
| Overall project finance - Total investment commitment - Currency - (Value) | South African Rand |
| Overall project finance - Total investment commitment - Amount - Exact - (Value) | 75000000 |
| Overall project finance - Total investment commitment - Amount USD - Exact - (Value) | 8628109.499 |
| Purpose and classifications - Social challenge - (Value) | Youth unemployment in South Africa |
| Purpose and classifications - Intervention - (Value) | The P4P initiative is designed to accelerate the transitions of excluded South African youth into growth sectors of the economy through alternative methods of skilling and training. The implementers all implement skilling programs that are quicker, cheaper and more demand driven than traditional programs. Implementers have to prove that they have secured an income earning opportunity for the candidates prior to receiving working capital. Implementers then train the candidates and place them into jobs within the three pre-specified "growth sectors" in the economy namely: Business Process Outsourcing, Digital and Technology and Installation, Repairs & Maintenance. |
| Purpose and classifications - Policy sector - (Value) | Employment and training |
| Purpose and classifications - (Source ID's) | source10,source4 |
| Service and beneficiaries - Target population - (Value) | South African citizens aged between 18 and 35 excluded from the economy |
| Service and beneficiaries - Targeted number of unique service users or beneficiaries (total) - (Value) | 6000 |
| Service and beneficiaries - Unit type of targeted service users or beneficiaries - (Value) | Individual |
| Service and beneficiaries - Actual number of unique service users or beneficiaries engaged (total) - (Value) | 2000 |
| Service and beneficiaries - Unit type of actual service users or beneficiaries engaged - (Value) | Individual |
| Service and beneficiaries - (Source ID's) | source3,source14 |
| Delivery Locations 1: Location - Name - (Value) | South Africa (National) |
| Delivery Locations 1: Location - Country - (Value) | ZA |
| Delivery Locations 1: Lat/Lng - Lat - (Value) | -26.195246 |
| Delivery Locations 1: Lat/Lng - Lng - (Value) | 28.034088 |
| Sources 1: Id | source1 |
| Sources 1: Name - (Value) | Bonds4Jobs Prospectus. P.Cover Page. |
| Sources 2: Id | source2 |
| Sources 2: Name - (Value) | Bonds4Jobs Prospectus. P.15. |
| Sources 3: Id | source3 |
| Sources 3: Name - (Value) | Communication with Bonds4Jobs & Harambee. 25-07-2019 |
| Sources 4: Id | source4 |
| Sources 4: Name - (Value) | Bonds4Jobs Prospectus. P.1. |
| Sources 5: Id | source5 |
| Sources 5: Name - (Value) | Bonds4Jobs Prospectus. P.38 and email communication with Lerato Lehoko (20 Nov 2019) |
| Sources 6: Id | source6 |
| Sources 6: Name - (Value) | Bonds4Jobs Prospectus. P.38 |
| Sources 7: Id | source9 |
| Sources 7: Name - (Value) | Bonds4Jobs Prospectus. P.15 and email communication with Lerato Lehoko (20 Nov 2019) |
| Sources 8: Id | source10 |
| Sources 8: Name - (Value) | Bonds4Jobs Prospectus. P.37. |
| Sources 9: Id | sourcehackandlearn2021-08 |
| Sources 9: Name - (Value) | Hack and Learn - August 2021 |
| Sources 10: Id | source13 |
| Sources 10: Name - (Value) | Intellidex report: The Bonds4Jobs Social Impact Bond - The risks and returns of innovative finance for social change. A part of the Intellidex SIBs research series. April, 2021. |
| Sources 10: URL - (Value) | https://tutuwafoundation.org/standimg/StandardBankGroup/tutuwa/images/Intellidex-the-B4J-SIB-report.pdf |
| Sources 11: Id | source14 |
| Sources 11: Name - (Value) | Intellidex report: The Bonds4Jobs Social Impact Bond - The risks and returns of innovative finance for social change. A part of the Intellidex SIBs research series. April, 2021. Page 29. |
| Sources 11: URL - (Value) | https://tutuwafoundation.org/standimg/StandardBankGroup/tutuwa/images/Intellidex-the-B4J-SIB-report.pdf |
| Service Provisions 1: Id | serviceprovision1 |
| Service Provisions 1: Organisation ID - (Value) | INDIGO-ORG-0901 |
| Service Provisions 2: Id | serviceprovision2 |
| Service Provisions 2: Organisation ID - (Value) | INDIGO-ORG-0902 |
| Service Provisions 3: Id | serviceprovision3 |
| Service Provisions 3: Organisation ID - (Value) | INDIGO-ORG-0903 |
| Outcome Payment Commitments 1: Organisation ID - (Value) | INDIGO-ORG-0906 |
| Outcome Payment Commitments 1: Maximum potential Outcome payment - Amount - (Value) | 131300000 |
| Outcome Payment Commitments 2: Organisation ID - (Value) | INDIGO-ORG-0907 |
| Outcome Payment Commitments 2: Maximum potential Outcome payment - Amount - (Value) | 100000000 |
| Outcome Payment Commitments 3: Organisation ID - (Value) | INDIGO-ORG-0908 |
| Outcome Payment Commitments 3: Maximum potential Outcome payment - Amount - (Value) | 55100000 |
| Outcome Payment Commitments 4: Organisation ID - (Value) | INDIGO-ORG-0909 |
| Outcome Payment Commitments 4: Maximum potential Outcome payment - Amount - (Value) | 12500000 |
| Outcome Payment Commitments 5: Organisation ID - (Value) | INDIGO-ORG-0910 |
| Outcome Payment Commitments 5: Maximum potential Outcome payment - Amount - (Value) | 50000000 |
| Investments 1: Id | investment1 |
| Investments 1: Organisation ID - (Value) | INDIGO-ORG-0911 |
| Investments 1: Investment Type - (Value) | Commercial (Subordinate) |
| Investments 2: Id | investment2 |
| Investments 2: Organisation ID - (Value) | INDIGO-ORG-0066 |
| Investments 2: Investment Type - (Value) | First Loss |
| Investments 3: Id | investment3 |
| Investments 3: Organisation ID - (Value) | INDIGO-ORG-0913 |
| Investments 3: Investment Type - (Value) | Capital Preservation (Senior) |
| Investments 4: Id | investment4 |
| Investments 4: Organisation ID - (Value) | INDIGO-ORG-0914 |
| Investments 4: Investment Type - (Value) | Commercial (Subordinate) |
| Investments 5: Id | investment5 |
| Investments 5: Organisation ID - (Value) | INDIGO-ORG-0915 |
| Investments 5: Investment Type - (Value) | First Loss |
| Intermediary services 1: Organisation ID - (Value) | INDIGO-ORG-0904 |
| Intermediary services 1: Organisation Role Category - (Value) | Performance management |
| Intermediary services 2: Organisation ID - (Value) | INDIGO-ORG-0904 |
| Intermediary services 3: Organisation ID - (Value) | INDIGO-ORG-0905 |
| Outcome Metrics 1: Id | outcomemetric1 |
| Outcome Metrics 1: Outcome Definition - (Value) | Transition excluded black South African youth into high value jobs. Employment contract of minimum 12 months duration in the growth sectors identified. |
| Outcome Metrics 1: Targeted number of service users Or beneficiaries (total) - (Value) | 6000 |
| Outcome Metrics 1: Policy sector - (Value) | Employment and training |
| Outcome Metrics 1: Primary SDG goal - (Value) | 8 |
| Outcome Metrics 1: Primary SDG target - (Value) | 8.5 |
| Results 1: Outcome Metric Id - (Value) | outcomemetric1 |
| Results 1: Result level - (Value) | Outcome level |
| Results 1: Result type - (Value) | Final |
| Results 1: Period - Start - (Value) | 2018-01 |
| Results 1: Period - End - (Value) | 2020-07 |
| Results 1: Outcomes achieved - (Value) | 1809 people got a job after participating in this SIB project. |
| Results 1: Notes | The project ended prematurely because of Covid-19 in July 2020. |
| Documents 1: Title - (Value) | Intellidex report - The Bonds4Jobs SIB |
| Documents 1: URL - (Value) | https://tutuwafoundation.org/standimg/StandardBankGroup/tutuwa/images/Intellidex-the-B4J-SIB-report.pdf |