Impact Bond: Duo for a job
Stage of development: Complete
Policy sector: Employment and training
Intervention: Duo for a Job, an intergenerational mentoring programme, matches young unemployed migrants with experienced local retirees. The 'duos' work together for a period of six months to connect the young migrant to local networks and help find suitable employment.
Start of service provision: 2014-01
Total investment commitment currency: EUR
Total investment commitment: 234000
Total investment commitment (USD): 310455.6954
Target population: Young migrants aged 18 to 30 years who are: not EU, US or Canadian nationals; are legally residing in Brussels; and are registered with Actiris (the government employment agency)
Notes: 1) Evaluator: l'Observatoire bruxellois de l'emploi (Brussels Observatory of Employment) - use of a matched comparison group 2) Financial terms: 100% re-payment of the principal will be made if the employment rate is beyond 10 % of the control group. In this case, additional return of investments can be received, ranging between 3% to 7 %. 3) No clear name could be identified, some refer to the SIB as "Duo for the Job" (e.g. Brookings Institute).