Project
| ID | INDIGO-POJ-0226 |
|---|---|
| Impact Bond Name - (Value) | Supporting independent living for disabled people in the Republic of Sakha (Yakutia) |
| Alternative Names - (Value) | source1,source2 |
| Stage of Development - (Value) | Implementation |
| Stage of Development - (Source ID's) | source1,source2 |
| Social Investment Prototype - (Value) | NO |
| Dates - Date outcomes contract signed - (Value) | 2021-03 |
| Dates - Date contracts between all parties signed - (Value) | 2021-03 |
| Dates - Anticipated completion date - (Value) | 2024-03 |
| Dates - Actual completion date - (Value) | 2024-03 |
| Dates - Start date of service provision - (Value) | 2021-04 |
| Dates - Anticipated end date of service provision - (Value) | 2024-03 |
| Dates - Actual end date of service provision - (Value) | 2024-03 |
| Dates - (Source ID's) | source2, source1 |
| Dates - (Notes) | In this case, the main parameters of the contract, such as social effects, outcome metrics, target beneficiares, start and end date of service provision, investment and outcome payments were set in the regional government legal act (source2), which is considered as an outcomes contract. After the signing of the regional legal act, all other contracts are signed between the project participants. |
| Jurisdiction - Jurisdiction - (Value) | RU |
| Overall project finance - Total investment commitment - Currency - (Value) | Russian Ruble |
| Overall project finance - Total investment commitment - Amount - Min - (Value) | 68740621.45 |
| Overall project finance - Total investment commitment - Amount USD - Min - (Value) | 908819.0806652274 |
| Overall project finance - Maximum potential outcome payment - Currency - (Value) | Russian Ruble |
| Overall project finance - Maximum potential outcome payment - Amount - (Value) | 77047640.89 |
| Overall project finance - Maximum potential outcome payment - Amount USD - (Value) | 1018646.103047042 |
| Overall project finance - Maximum potential loss - (Value) | 1 |
| Overall project finance - (Source ID's) | source2 |
| Overall project finance - (Notes) | Maximum price takes into account the following restrictions: - the amount of the grant is within the expected opportunity costs of the region, provided that all social beneficiaries were in a stationary social service organization; - the expected profitability for the project investor will be 6% per annum. |
| Purpose and classifications - Social challenge - (Value) | More than 1,100 citizens with mental disorders of the Republic of Sakha (Yakutia) receive social services in a residential form in psycho-neurological boarding house (PNBH). The challenges that the system faces are: - The high cost of this form of service for the region; - In the current structure of PNBH there are buildings with a low degree of fire resistance; - The bed fund is overloaded; - There are practically no alternatives to the residential form; - High risk of admitting citizens with mental disorders living at home with elderly parents into psycho-neurological boarding house. |
| Purpose and classifications - Intervention - (Value) | The project aims at achieving adaptation of disabled people to the conditions of accompanied living in separate premises (12 citizens from PNBH) and individual living at home (18 citizens living at home with parents/guardians) with a focus on the development of their independence and self-realization. The project includes: - socialization of citizens with mental disorders; - training in the skills of independent living; - adaptation of citizens with mental disorders to the conditions of accompanied residence; - work with relatives / guardians (psychological assistance, joint development of an individual adaptation plan, training); - work with personnel (recruitment, training, development, supervision and prevention of burnout). The project also includes activities of preparation for households where citizens will be transferred from PNBH within the framework of the project. |
| Purpose and classifications - Policy sector - (Value) | Health |
| Purpose and classifications - Primary SDG goal - (Value) | 3 |
| Purpose and classifications - Secondary SDG goals - (Value) | 10 |
| Purpose and classifications - (Source ID's) | source1,source2 |
| Service and beneficiaries - Target population - (Value) | Group 1: citizens 18 years old and over with disabilities, living in the Republic of Sakha (Yakutia), receiving social services in a residential form (in a residential social service organization) (12 people). Group 2: citizens 18 years old and over with disabilities, living at home (at the place of residence) in the Republic of Sakha (Yakutia), recognized as needing social services in a residential form, and have never received social services in a residential form (18 people). |
| Service and beneficiaries - Targeted number of unique service users or beneficiaries (total) - (Value) | 30 |
| Service and beneficiaries - Unit type of targeted service users or beneficiaries - (Value) | Individual |
| Service and beneficiaries - (Source ID's) | source2 |
| Changes to project due to COVID-19 - (Value) | Continue on outcomes contract without variations |
| Changes to project due to COVID-19 - (Source ID's) | source1,source2 |
| Delivery Locations 1: Service Provision ID - (Value) | serviceprovision1 |
| Delivery Locations 1: Location - Name - (Value) | Yakutsk city, The Republic of Sakha (Yakutia) |
| Delivery Locations 1: Location - Country - (Value) | RU |
| Delivery Locations 1: Lat/Lng - Lat - (Value) | 62.027221 |
| Delivery Locations 1: Lat/Lng - Lng - (Value) | 129.732178 |
| Delivery Locations 1: Adminstrative geography - Name - (Value) | Yakutsk city, The Republic of Sakha (Yakutia) |
| Sources 1: Id | source1 |
| Sources 1: Name - (Value) | Information about the project on the official web-site of VEB.RF |
| Sources 1: Type - (Value) | Website |
| Sources 1: URL - (Value) | https://xn--90ab5f.xn--p1ai/ustojchivoe-razvitie/socialnoe-finansirovanie-test/socialnye-proekty/project-04/ |
| Sources 1: Publication Date - (Value) | 2021 |
| Sources 2: Id | source2 |
| Sources 2: Name - (Value) | Decree of the Government of the Republic of Sakha (Yakutia) of March 9, 2021 No. 62 "On approval of the passport of the social impact project in the field of social services". Official Internet portal of legal information |
| Sources 2: Type - (Value) | Contract |
| Sources 2: URL - (Value) | http://publication.pravo.gov.ru/Document/View/1400202103110009 |
| Sources 2: Publication Date - (Value) | 2021 |
| Sources 3: Id | source3 |
| Sources 3: Name - (Value) | Decree of the Head of the Republic of Sakha (Yakutia) of March 16, 2021 No. 1755 "On the implementation of the social impact project in the field of social services "Development of inpatient replacement technologies in the field of social services for disabled people in the Republic of Sakha (Yakutia) " |
| Sources 3: Type - (Value) | Contract |
| Sources 3: URL - (Value) | http://publication.pravo.gov.ru/Document/View/1400202103180005 |
| Sources 3: Publication Date - (Value) | 2021 |
| Sources 4: Id | source4 |
| Sources 4: Name - (Value) | Decree of the Government of the Russian Federation of November 21, 2019 No. 1491 "On the organization of pilot testing of social impact projects by the constituent entities of the Russian Federation in 2019 - 2024". Official Internet portal of legal information |
| Sources 4: Type - (Value) | Website |
| Sources 4: URL - (Value) | http://publication.pravo.gov.ru/Document/View/0001201911290005 |
| Sources 4: Publication Date - (Value) | 2019 |
| Service Provisions 1: Id | serviceprovision1 |
| Service Provisions 1: Organisation ID - (Value) | INDIGO-ORG-1265 |
| Service Provisions 1: Organisation Role Category - (Value) | Nonprofit/NGO |
| Service Provisions 1: Planned Service - Start - (Value) | 2021-04 |
| Service Provisions 1: Planned Service - End - (Value) | 2024-03 |
| Service Provisions 1: Actual Service - Start - (Value) | 2021-04 |
| Outcome Payment Commitments 1: Organisation ID - (Value) | INDIGO-ORG-1266 |
| Outcome Payment Commitments 1: Organisation Role Category - (Value) | Government/Public Sector/Public Bank |
| Outcome Payment Commitments 1: Maximum potential Outcome payment - Currency - (Value) | Russian Ruble |
| Outcome Payment Commitments 1: Maximum potential Outcome payment - Amount - (Value) | 77047640.89 |
| Outcome Payment Commitments 1: Maximum potential Outcome payment - Amount USD - (Value) | 1018646.103047042 |
| Outcome Payment Commitments 1: Period - Start - (Value) | 2021-04 |
| Outcome Payment Commitments 1: Period - End - (Value) | 2024-03 |
| Investments 1: Id | investment1 |
| Investments 1: Organisation ID - (Value) | INDIGO-ORG-1267 |
| Investments 1: Organisation Role Category - (Value) | Multilateral/Bilateral/Intergovernmental Financial Institution |
| Investments 1: Investment Commitment - Currency - (Value) | Russian Ruble |
| Investments 1: Investment Commitment - Amount - Min - (Value) | 68740621.45 |
| Investments 1: Investment Commitment - Amount USD - Min - (Value) | 908819.0806652274 |
| Intermediary services 1: Organisation ID - (Value) | INDIGO-ORG-0525 |
| Intermediary services 1: Organisation Role Category - (Value) | Other |
| Intermediary services 1: Other Role Description - (Value) | VEB.FR acts as operator, doing consulting support, monitoring of project implementation, ensuring an independent assessment of the achievement of social effect, checking compliance with the conditions and goals of the implementation of the grant agreement concluded between the authorized body and the project organizer. |
| Intermediary services 1: Notes | Consulting support from case to case includes Impact bond design, Financial and commercial modeling, Capital raise, developing Performance management indicators, Legal counsel, Technical assistance. |
| Outcome Metrics 1: Id | outcomemetric1 |
| Outcome Metrics 1: Outcome Definition - (Value) | The number of disabled people from Group 1, who switched to permanent accompanied accommodation in separate residential premises in a group form. |
| Outcome Metrics 1: Target Population - (Value) | Group 1: people 18 years old and over with disabilities, living in the Republic of Sakha (Yakutia), receiving social services in a residential form (in a residential social service organization) |
| Outcome Metrics 1: Targeted number of service users Or beneficiaries (total) - (Value) | 12 |
| Outcome Metrics 1: Unit type of targeted Service users or beneficiaries - (Value) | Individual |
| Outcome Metrics 1: Outcome metric target - (Value) | 12 individuals |
| Outcome Metrics 1: Outcome validation Method - (Value) | Simple Ex-post verification |
| Outcome Metrics 1: Data source for Outcome validation - (Value) | New data collected |
| Outcome Metrics 1: Primary SDG goal - (Value) | 3 |
| Outcome Metrics 1: Primary SDG target - (Value) | 3.8 |
| Outcome Metrics 1: Notes | The success of the project will be recognized provided that at least 90% of the target level is achieved for each of the indicators. |
| Outcome Metrics 2: Id | outcomemetric2 |
| Outcome Metrics 2: Outcome Definition - (Value) | The number of disabled people from Group 1, who switched to independent living with regular and (or) periodic support |
| Outcome Metrics 2: Target Population - (Value) | Group 1: people 18 years old and over with disabilities, living in the Republic of Sakha (Yakutia), receiving social services in a residnetial form (in a residential social service organization) |
| Outcome Metrics 2: Targeted number of service users Or beneficiaries (total) - (Value) | 12 |
| Outcome Metrics 2: Unit type of targeted Service users or beneficiaries - (Value) | Individual |
| Outcome Metrics 2: Outcome metric target - (Value) | 2 individuals |
| Outcome Metrics 2: Outcome validation Method - (Value) | Simple Ex-post verification |
| Outcome Metrics 2: Data source for Outcome validation - (Value) | New data collected |
| Outcome Metrics 2: Primary SDG goal - (Value) | 3 |
| Outcome Metrics 2: Primary SDG target - (Value) | 3.8 |
| Outcome Metrics 3: Id | outcomemetric3 |
| Outcome Metrics 3: Outcome Definition - (Value) | The number of people with disabilities from group 2, receiving accompanied accommodation at home (at the place of residence). |
| Outcome Metrics 3: Target Population - (Value) | Group 2: people 18 years old and over with disabilities, living at home (at the place of residence) in the Republic of Sakha (Yakutia), recognized as needing social services in a residential form, and have never received social services in a residential form |
| Outcome Metrics 3: Targeted number of service users Or beneficiaries (total) - (Value) | 18 |
| Outcome Metrics 3: Unit type of targeted Service users or beneficiaries - (Value) | Individual |
| Outcome Metrics 3: Outcome metric target - (Value) | 18 individuals |
| Outcome Metrics 3: Outcome validation Method - (Value) | Simple Ex-post verification |
| Outcome Metrics 3: Data source for Outcome validation - (Value) | New data collected |
| Outcome Metrics 3: Primary SDG goal - (Value) | 10 |
| Outcome Metrics 3: Primary SDG target - (Value) | 10.2 |
| Outcome Metrics 4: Id | outcomemetric4 |
| Outcome Metrics 4: Outcome Definition - (Value) | The number of people with disabilities from group 1 and group 2 who confirmed positive changes in their condition and (or) living conditions (satisfaction) as a result of the project. |
| Outcome Metrics 4: Target Population - (Value) | People from Group 1 and Group 2 (see above) |
| Outcome Metrics 4: Targeted number of service users Or beneficiaries (total) - (Value) | 30 |
| Outcome Metrics 4: Unit type of targeted Service users or beneficiaries - (Value) | Individual |
| Outcome Metrics 4: Outcome metric target - (Value) | 80% of target group |
| Outcome Metrics 4: Outcome validation Method - (Value) | Simple Ex-post verification |
| Outcome Metrics 4: Data source for Outcome validation - (Value) | New data collected |
| Outcome Metrics 4: Primary SDG goal - (Value) | 10 |
| Outcome Metrics 4: Primary SDG target - (Value) | 10.2 |