Project
| ID | INDIGO-POJ-0342 |
|---|---|
| Impact Bond Name - (Value) | Young Adult Employment SIB Project in Seoul |
| Stage of Development - (Value) | Complete |
| Stage of Development - (Source ID's) | source1 |
| Dates - Date outcomes contract signed - (Value) | 2019-08 |
| Dates - Start date of service provision - (Value) | 2020-11 |
| Dates - Anticipated end date of service provision - (Value) | 2023-10 |
| Dates - (Source ID's) | source1 |
| Overall project finance - Total investment commitment - Currency - (Value) | KRW |
| Overall project finance - Total investment commitment - Amount - Exact - (Value) | 2900000000 |
| Overall project finance - Total investment commitment - Amount USD - Exact - (Value) | 2033282.74 |
| Overall project finance - Maximum potential outcome payment - Currency - (Value) | KRW |
| Overall project finance - Maximum potential outcome payment - Amount - (Value) | 3620000000 |
| Overall project finance - Maximum potential outcome payment - Amount USD - (Value) | 2538391.42 |
| Overall project finance - (Source ID's) | source1 |
| Purpose and classifications - Intervention - (Value) | When the issue of youth unemployment is neglected, it can lead to income reduction and a decline in work capabilities, negatively affecting individuals' lives. This also results in long-term social costs, such as decreased productivity and lower living standards. In particular, vulnerable groups facing long-term unemployment and poverty experience greater challenges in securing employment compared to the general youth population due to their disadvantaged circumstances. |
| Purpose and classifications - Policy sector - (Value) | Employment and training |
| Purpose and classifications - (Source ID's) | source1 |
| Service and beneficiaries - Target population - (Value) | Young individuals aged 19 to 34 without employment. |
| Service and beneficiaries - Targeted number of unique service users or beneficiaries (total) - (Value) | 500 |
| 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) | deliverylocation1 |
| Delivery Locations 1: Location - Name - (Value) | Seoul |
| Delivery Locations 1: Location - Country - (Value) | KR |
| Delivery Locations 1: Lat/Lng - Lat - (Value) | 37.53 |
| Delivery Locations 1: Lat/Lng - Lng - (Value) | 127.03 |
| Sources 1: Id | source1 |
| Sources 1: Name - (Value) | INDIGO form submission (05/03/25). Sources include: https://panimpact.kr/employment-sib/. |
| Service Provisions 1: Id | serviceprovider1 |
| Service Provisions 1: Organisation ID - (Value) | INDIGO-ORG-1750 |
| Service Provisions 2: Id | serviceprovider2 |
| Service Provisions 2: Organisation ID - (Value) | INDIGO-ORG-1751 |
| Outcome Payment Commitments 1: Organisation ID - (Value) | INDIGO-ORG-0404 |
| Investments 1: Id | investor1 |
| Investments 1: Organisation ID - (Value) | INDIGO-ORG-1752 |
| Investments 2: Id | investor2 |
| Investments 2: Organisation ID - (Value) | INDIGO-ORG-1753 |
| Investments 3: Id | investor3 |
| Investments 3: Organisation ID - (Value) | INDIGO-ORG-0400 |
| Investments 4: Id | investor4 |
| Investments 4: Organisation ID - (Value) | INDIGO-ORG-1754 |
| Investments 5: Id | investor5 |
| Investments 5: Organisation ID - (Value) | INDIGO-ORG-1755 |
| Intermediary services 1: Organisation ID - (Value) | INDIGO-ORG-0403 |
| Outcome Metrics 1: Id | outcomemetric1 |
| Outcome Metrics 1: Outcome Definition - (Value) | Employment and entrepreneurship rate (Objective: employment or business creation) |