Project
| ID | INDIGO-POJ-0344 |
|---|---|
| Impact Bond Name - (Value) | Hwaseong City SIB Project for Social Franchise Entrepreneurship Support and Survival Rate Improvement |
| Stage of Development - (Value) | Implementation |
| Stage of Development - (Source ID's) | source1 |
| Dates - Date outcomes contract signed - (Value) | 2023-08 |
| Dates - Start date of service provision - (Value) | 2024-11 |
| Dates - Anticipated end date of service provision - (Value) | 2028-10 |
| Dates - (Source ID's) | source1 |
| Overall project finance - Total investment commitment - Currency - (Value) | KRW |
| Overall project finance - Total investment commitment - Amount - Exact - (Value) | 2500000000 |
| Overall project finance - Total investment commitment - Amount USD - Exact - (Value) | 1754885 |
| Overall project finance - Maximum potential outcome payment - Currency - (Value) | KRW |
| Overall project finance - Maximum potential outcome payment - Amount - (Value) | 3710000000 |
| Overall project finance - Maximum potential outcome payment - Amount USD - (Value) | 2604249.34 |
| Overall project finance - (Source ID's) | source1 |
| Purpose and classifications - Intervention - (Value) | Amid worsening labor market conditions, the number of unemployed individuals has been increasing, and many self-employed individuals are struggling to sustain their businesses. Although significant financial resources are being allocated, concerns about the sustainability of these policies persist. Most entrepreneurship support programs focus on basic training with limited follow-up management, resulting in insufficient outcomes in critical areas such as brand and menu development, post-startup survival rates, and the sustainability of employment. |
| Purpose and classifications - Policy sector - (Value) | Employment and training |
| Purpose and classifications - (Source ID's) | source1 |
| Service and beneficiaries - Target population - (Value) | Individuals who are either aspiring entrepreneurs with no income or existing restaurant business owners within three years of establishment. |
| Service and beneficiaries - (Source ID's) | source1 |
| Delivery Locations 1: Service Provision ID - (Value) | deliverylocation1 |
| Delivery Locations 1: Location - Name - (Value) | Hwaseong City |
| Delivery Locations 1: Location - Country - (Value) | KR |
| Delivery Locations 1: Lat/Lng - Lat - (Value) | 37.1689 |
| Delivery Locations 1: Lat/Lng - Lng - (Value) | 126.8941 |
| Sources 1: Id | source1 |
| Sources 1: Name - (Value) | INDIGO form submission (05/03/25). Sources include: https://panimpact.kr/social-franchise-sib/ |
| Service Provisions 1: Id | serviceprovider1 |
| Service Provisions 1: Organisation ID - (Value) | INDIGO-ORG-1770 |
| Outcome Payment Commitments 1: Organisation ID - (Value) | INDIGO-ORG-1769 |
| Investments 1: Id | investor1 |
| Investments 1: Organisation ID - (Value) | INDIGO-ORG-1754 |
| Intermediary services 1: Organisation ID - (Value) | INDIGO-ORG-0403 |
| Outcome Metrics 1: Id | outcomemetric1 |
| Outcome Metrics 1: Outcome Definition - (Value) | Wages for new jobs reflecting the survival value of startup companies (Objective: Creation of new jobs through entrepreneurship and improved survival rates) |