Project
| ID | INDIGO-POJ-0076 |
|---|---|
| Impact Bond Name - (Value) | Seoul Welfare Facilities Children Education SIB |
| Stage of Development - (Value) | Implementation |
| Dates - Date outcomes contract signed - (Value) | 2016-08 |
| Overall project finance - Total investment commitment - Currency - (Value) | South Korean Won |
| Overall project finance - Total investment commitment - Amount - Exact - (Value) | 1110000000 |
| Overall project finance - Total investment commitment - Amount USD - Exact - (Value) | 956539.14 |
| Purpose and classifications - Intervention - (Value) | Children in Seoul city group homes identified as potential beneficiaries of extra educational support will be administered with an initial Korean Wechsler scale of intelligence test to determine programme eligibility (i.e. IQ between 71 and 84). Eligible children then receive extra-curricular academic and social skills support from service providers over three school years. There are two success measures, increase in IQ test score and improvement in social skills and behaviour. Wechsler test scores will be determined at the beginning and end of the programme. Improvements in IQ to above 84 will be considered successful or, for those children with a mild learning disability, improvement to above 70. The second social skills and behaviour measure is evaluated by school teachers in reports twice a year (six times in total) with the target for success being the average score over the final four reports showing improvement relative to the average score of the first two reports. |
| Purpose and classifications - Policy sector - (Value) | Education |
| Purpose and classifications - (Source ID's) | source2,source1 |
| Service and beneficiaries - Target population - (Value) | Up to 100 children living in group care homes in Seoul classed as Borderline Intellectual Functioning (BIF) i.e. an IQ between 71 and 84. A small number of children with an IQ of below 70 (classified as having a mild learning disability). |
| Service and beneficiaries - (Source ID's) | source2 |
| Notes - (Value) | * BIF (Borderline Intellectual Functioning) children are those with Intellectual Quotient(IQ) level between 71~84, often recited as ‘slow learners’. Children with Mild Intellectual Disabilities(IQ level between 64~70) possibly included in part should number of BIF children from welfare facilities found to be significantly small. * Maximum Rewards Condition 42% of target population meets both predefined targets * Principal Repayment Condition 33% of target population meets both predefined targets |
| Delivery Locations 1: Location - Name - (Value) | Seoul, South Korea |
| Delivery Locations 1: Location - Country - (Value) | KR |
| Delivery Locations 1: Lat/Lng - Lat - (Value) | 37.640515 |
| Delivery Locations 1: Lat/Lng - Lng - (Value) | 126.956112 |
| Sources 1: Id | source1 |
| Sources 1: Name - (Value) | Seoul SIB Fact Sheet (accessed: 26.07.2019) http://panimpact.kr/seoul-sib-fact-sheet/ |
| Sources 2: Id | source2 |
| Sources 2: Name - (Value) | Social Finance website (accessed: 26.07.2019) https://sibdatabase.socialfinance.org.uk |
| Service Provisions 1: Id | serviceprovision1 |
| Service Provisions 1: Organisation ID - (Value) | INDIGO-ORG-0400 |
| Outcome Payment Commitments 1: Organisation ID - (Value) | INDIGO-ORG-0404 |
| Outcome Payment Commitments 1: Maximum potential Outcome payment - Amount - (Value) | 1391000000 |
| Investments 1: Id | investment1 |
| Investments 1: Organisation ID - (Value) | INDIGO-ORG-0405 |
| Investments 2: Id | investment2 |
| Investments 2: Organisation ID - (Value) | INDIGO-ORG-0406 |
| Investments 3: Id | investment3 |
| Investments 3: Organisation ID - (Value) | INDIGO-ORG-0407 |
| Intermediary services 1: Organisation ID - (Value) | INDIGO-ORG-0403 |
| Intermediary services 1: Organisation Role Category - (Value) | Performance management |
| Outcome Metrics 1: Id | outcomemetric1 |
| Outcome Metrics 1: Outcome Definition - (Value) | IQ level. Measured twice in total by Korean Wechsler Intelligence Scale for Children-IV (K-WISC-IV). BIF (Borderline Intellectual Functioning) children are those with Intellectual Quotient(IQ) level between 71~84, often recited as ‘slow learners’. Children with mild intellectual disabilities(IQ level between 64~70) possibly included in part should number of BIF children from welfare facilities found to be significantly small. |
| Outcome Metrics 1: Primary SDG goal - (Value) | 4 |
| Outcome Metrics 1: Secondary SDG goals - (Value) | 4 |
| Outcome Metrics 1: Primary SDG target - (Value) | 4.5 |
| Outcome Metrics 1: Secondary SDG targets - (Value) | 4.1 |
| Outcome Metrics 2: Id | outcomemetric2 |
| Outcome Metrics 2: Outcome Definition - (Value) | Sociability. Korean version of Teacher’s Report Form. Teachers in charge at schools evaluate and report children’s behavior twice a year. Any improvements on the total scores would be counted as successful. Measured twice a year (6 times in total). |
| Outcome Metrics 2: Primary SDG goal - (Value) | 4 |
| Outcome Metrics 2: Secondary SDG goals - (Value) | 4 |
| Outcome Metrics 2: Primary SDG target - (Value) | 4.4 |