Project
| ID | INDIGO-POJ-0222 |
|---|---|
| Impact Bond Name - (Value) | IOD - Interventions sur les Offres et les Demandes (Intervention on supply and demand) |
| Stage of Development - (Value) | Implementation |
| Stage of Development - (Source ID's) | source1,source2 |
| Social Investment Prototype - (Value) | NO |
| Dates - Date outcomes contract signed - (Value) | 2018 |
| Dates - Anticipated completion date - (Value) | 2023-02 |
| Dates - Start date of service provision - (Value) | 2018-04 |
| Dates - (Source ID's) | source2 |
| Overall project finance - Total investment commitment - Currency - (Value) | EUR |
| Overall project finance - Total investment commitment - Amount - Exact - (Value) | 2200000 |
| Overall project finance - Total investment commitment - Amount USD - Exact - (Value) | 2596831.199500378 |
| Overall project finance - Maximum potential return type - (Value) | IRR |
| Overall project finance - Maximum potential return - (Value) | 0.075 |
| Overall project finance - (Source ID's) | source1,source2 |
| Overall project finance - (Notes) | The return of the investors is determined by the results achieved, in particular the re-employment rate of the participants: If the results are lower than those of the control group, the investors lose the entire amount invested. If the re-employment rate is between 1% and 50% higher than in the control group, the investors will be reimbursed their sum, without premium. If the results are between 50% and 100% higher than those of the control group, the investors receive a premium on top of their investment. This progressive premium is capped at 7.5%. |
| Purpose and classifications - Social challenge - (Value) | Long-term unemployment can have disastrous effects on people and for society as a whole. The longer people are out of work, the more their skills and social networks tend to erode. This sends them into a downward spiral that makes it ever harder to find a new job. |
| Purpose and classifications - Intervention - (Value) | The IOD ('Intervention sur les Offres et les Demandes' in French) is an original method to help the employment of target groups that are very far removed from the labor market to find work. For long-term job seekers and the low-skilled, a resume can be a major hurdle. A resume with holes or with a sloppy layout is quickly put to the side. In other cases, the name that appears at the top of the resume takes care of that. While none of these things have to mean that the job seeker would not be competent. With the IOD method, the CV is omitted and the focus is only on the needs of the employer. The employer no longer chooses on the basis of CVs: it is the jobseeker who chooses his job and position based on the job offers – at least three – that are offered to him or her. The roles are thus reversed, which not only avoids discrimination in recruitment, but also involves the job seeker – who is no longer called a job seeker, but “professional” – more in the process. |
| Purpose and classifications - Policy sector - (Value) | Employment and training |
| Purpose and classifications - (Source ID's) | source1 |
| Service and beneficiaries - Target population - (Value) | Job seekers with a low level of education or job seekers who have been unemployed for more than 2 years. |
| Service and beneficiaries - Targeted number of unique service users or beneficiaries (total) - (Value) | 750 |
| Service and beneficiaries - Unit type of targeted service users or beneficiaries - (Value) | Individual |
| Service and beneficiaries - (Source ID's) | source1 |
| Delivery Locations 1: Service Provision ID - (Value) | serviceprovision1 |
| Delivery Locations 1: Location - Name - (Value) | Brussels - Forêt |
| Delivery Locations 1: Location - Country - (Value) | BE |
| Delivery Locations 1: Lat/Lng - Lat - (Value) | 50.8 |
| Delivery Locations 1: Lat/Lng - Lng - (Value) | 4.31667 |
| Sources 1: Id | source1 |
| Sources 1: Name - (Value) | Press release from Actiris website, accessed on 07/10/2021 at: https://press.actiris.be/financiele-sector-schiet-langdurige-werklozen-te-hulp |
| Sources 1: Type - (Value) | Website |
| Sources 2: Id | source2 |
| Sources 2: Name - (Value) | KOIS website accessed on 07/10/2021 at: https://koisinvest.com/project/helping-low-skilled-long-term-unemployed-people-find-stable-jobs/ |
| Sources 3: Id | source3 |
| Sources 3: Name - (Value) | Email correspondence with KOIS on 04/11/2021. |
| Service Provisions 1: Id | serviceprovider1 |
| Service Provisions 1: Organisation ID - (Value) | INDIGO-ORG-1281 |
| Service Provisions 1: Organisation Role Category - (Value) | Government/Public Sector/Public Bank |
| Service Provisions 1: Intervention - (Value) | IOD method |
| Service Provisions 1: Planned Service - Start - (Value) | 2018-04 |
| Service Provisions 1: Planned Service - End - (Value) | 2023-28 |
| Outcome Payment Commitments 1: Organisation ID - (Value) | INDIGO-ORG-0043 |
| Outcome Payment Commitments 1: Organisation Role Category - (Value) | Government/Public Sector/Public Bank |
| Outcome Payment Commitments 1: Maximum potential Outcome payment - Currency - (Value) | EUR |
| Outcome Payment Commitments 1: Maximum potential Outcome payment - Amount - (Value) | 2500000 |
| Outcome Payment Commitments 1: Maximum potential Outcome payment - Amount USD - (Value) | 2950944.544886793 |
| Investments 1: Id | investment1 |
| Investments 1: Organisation ID - (Value) | INDIGO-ORG-1282 |
| Investments 1: Investment Commitment - Currency - (Value) | EUR |
| Investments 1: Investment Commitment - Amount - Exact - (Value) | 2200000 |
| Investments 1: Investment Commitment - Amount USD - Exact - (Value) | 2596831.2 |
| Intermediary services 1: Organisation ID - (Value) | INDIGO-ORG-0042 |
| Intermediary services 1: Organisation Role Category - (Value) | Impact bond design |
| Outcome Metrics 1: Id | outcomemetric1 |
| Outcome Metrics 1: Outcome Definition - (Value) | Professional insertion rate. The individual: (i) Has created his or her own employment; (ii) Has been employed under an Employment Contract(s) for at least ninety (90) days within one (1) year of the individual's date of entry into the Project; (iii) Is in possession of a Contract of Employment for at least ninety (90) consecutive days, one (1) year after the date of the individual's entry into the Project; (iv) has obtained an Employment Contract, with no identified end date, within one (1) year of the individual's date of entry into the Project; |
| Outcome Metrics 1: Target Population - (Value) | People who have been unemployed for a minimum of 24 months. |
| Outcome Metrics 1: Targeted number of service users Or beneficiaries (total) - (Value) | 710 |
| Outcome Metrics 1: Primary SDG goal - (Value) | 8 |
| Outcome Metrics 1: Primary SDG target - (Value) | 8.3 |