Impact Bond: Supporting independent living for disabled people in the Republic of Sakha (Yakutia)
Also known as: source1,source2
Stage of development: Implementation
Jurisdiction: RU
Policy sector: Health
Social challenge: 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.
Intervention: 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.
Primary SDG goal: 3
Secondary SDG goals: 10
Date outcomes contract signed: 2021-03
Date contracts between all parties signed: 2021-03
Start of service provision: 2021-04
Anticipated end of service provision: 2024-03
Actual end of service provision: 2024-03
Anticipated completion date: 2024-03
Actual completion date: 2024-03
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.
Total investment commitment currency: Russian Ruble
Total investment commitment (min): 68740621.45
Maximum potential outcome payment: 77047640.89 Russian Ruble
Maximum potential outcome payment (USD): 1018646.103047042
Maximum potential loss: 1
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.
Target population: 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).
Targeted number of service users or beneficiaries: 30
Targeted unit type: Individual
Changes to project due to COVID-19: Continue on outcomes contract without variations