Haebom Project - Gyeonggi Province SIB
This project is also known as Gyeonggi Province SIB
Aligned SDGs
- Haebom Project - Gyeonggi Province SIB
- General overview
- Location
- Involved organisations
- Outcome metrics
- Results
- Spreadsheet of data
- Haebom Project - Gyeonggi Province SIB
- General overview
- Location
- Involved organisations
- Outcome metrics
- Results
- Spreadsheet of data
General overview
Stage of development: Complete
Policy sector: Employment and training
Date outcomes contract signed: Mar 2017
Capital raised (minimum): South Korean Won 1.55b (USD 1.36m)
Service users: 800 individuals
Intervention
To support people to find and sustain jobs than can improve their income level and quality of life, and reduce social welfare dependency.
Target population
Low-income people who receive national basic livelihood pay, mainly because they find it difficult to work due to their home environment, illness, disability and/or old age. The 800 Aid Recipients living in Gyeonggi-do, classified as Public Aid Recipients, are those who are willing to stand on their own feet but are not supported by the service.
Location
Country
- Korea, Republic of
Service delivery locations
- Gyeonggi Province (South Korea)
Involved organisations
Commissioners/outcome payers
Service Providers
Investors
Intermediary organisations
Outcome metrics
- 12% of eligible recipients will receive principal repayment if they succeed in the Welcome Exit.
- From 13%, they pay the principal and the performance bonus step by step.
- 20% of eligible recipients will receive principal and 4.3% performance bonus if they succeed in the Welfair Exit.
Spreadsheet of data
Important Notice and Disclaimer on INDIGO Data
INDIGO data are shared for research and policy analysis purposes. INDIGO data can be used to support a range of insights, for example, to understand the social outcomes that projects aim to improve, the network of organisations across projects, trends, scales, timelines and summary information. The collaborative system by which we collect, process, and share data is designed to advance data-sharing norms, harmonise data definitions and improve data use. These data are NOT shared for auditing, investment, or legal purposes. Please independently verify any data that you might use in decision making. We provide no guarantees or assurances as to the quality of these data. Data may be inaccurate, incomplete, inconsistent, and/or not current for various reasons: INDIGO is a collaborative and iterative initiative that mostly relies on projects all over the world volunteering to share their data. We have a system for processing information and try to attribute data to named sources, but we do not audit, cross-check, or verify all information provided to us. It takes time and resources to share data, which may not have been included in a project’s budget. Many of the projects are ongoing and timely updates may not be available. Different people may have different interpretations of data items and definitions. Even when data are high quality, interpretation or generalisation to different contexts may not be possible and/or requires additional information and/or expertise. Help us improve our data quality: email us at indigo@bsg.ox.ac.uk if you have data on new projects, changes or performance updates on current projects, clarifications or corrections on our data, and/or confidentiality or sensitivity notices. Please also give input via the INDIGO Data Definitions Improvement Tool and INDIGO Feedback Questionnaire.