Project will advice microfinance institutions admeasurement amusing appulse of casework and clothier acclaim articles for best capability in abjection alleviation
Seattle -- In an advancing accomplishment to access the availability and capability of life-changing microfinance services, all-embracing nonprofit Unitus and the Michael & Susan Dell Foundation will barrage the Social Performance Management Implementation Project (SPM IP) to access acceptance of amusing achievement convenance a allotment of microfinance institutions (MFIs).
Social achievement administration (SPM) is an institutionalized action which involves ambience bright amusing objectives (e.g., bigger above of housing, healthcare, etc.), ecology and assessing advance against accomplishing these goals, and application this advice to advance the achievement and appulse of MFIs.
With the access of absorption in microfinance over the accomplished decade causing admeasurement of geographically and technically assorted programs, Unitus believes that it can no best be affected after catechism that 18-carat abjection advancement automatically after-effects from microfinance. Rather, with the acceptance that high-impact microfinance depends on abstinent outcomes and tailored services, Unitus is alive with the Michael & Susan Dell Foundation and industry ally on beat plan in the across of SPM.
The SPM IP affairs has two phases. In the aboriginal phase, Unitus will plan with 10 MFI ally to conduct appraisal of absolute amusing achievement data, aggregate 6,000 applicant akin surveys per accomplice - 60,000 absolute - application the Grameen Foundation Progress out of Poverty Index™ (PPI™), and conduct an centralized amusing analysis application the CERISE Social Performance Indicator (SPI). Based on appearance one findings, ally may accept to participate in the project's additional appearance SPM Optimization, and will absolutely accept and accommodate SPM into their approved operations.
"With the allotment committed by the Michael & Susan Dell Foundation, we accept a abundant befalling to accretion not alone a added compassionate of the absolute amusing change assorted microfinance approaches produce," said Richard Wardell, Unitus's Vice President of Global Programs, "but a adventitious to analyze accomplishing best practices that will serve as a archetypal for MFIs worldwide."
"The advance of microfinance has stemmed from the antecedent that acceptance to accommodation articles gives low-income humans an befalling to advance their assets levels and above of life," said Geeta Goel, Director, Microfinance at the Michael & Susan Dell Foundation. "We accept Social Performance Management allows us to authenticate this impact, and appraise what methods and practices work, in an objective, commensurable manner. Unitus's able focus on the amusing aspects of microfinance and their arrangement of socially committed MFIs makes them an important assistant in this work."
At launch, the SPM IP will be India's a lot of absolute multi-MFI SPM project, harnessing Unitus's solid compassionate of the MFI strategies and operations to aid ally in amalgam these accoutrement into business practices. Over time, the activity will aggrandize to MFIs in added countries.
"We're actual aflame to body on groundbreaking SPM plan as a way of ensuring that microfinance has the best accessible aftereffect for the better amount of humans in need," commented Wardell.
For added information, amuse contact:
Steve Schwartz/Unitus
+1 206.788.5672
sschwartz@unitus.com
Megan Matthews/Michael & Susan Dell Foundation
+1 512.329.5713
communications@msdf.org
About the Grameen Foundation PPI™ and the CERISE SPI
The Grameen Foundation Progress out of Poverty Index™ (PPI™) is a country-specific quantitative and connected analysis administered to MFI audience to appraise applicant abjection akin and adviser changes in applicant amusing and bread-and-butter well-being. The PPI was commissioned by Grameen Foundation, in accord with the Consultative Group to Assist the Poor (CGAP), the Ford Foundation and Microfinance Risk Management, L.L.C. to accredit MFIs to bigger accept their clients' needs and appraise the capability of their programs and products. The CERISE Social Performance Indicator is a 45-question quantitative and connected analysis to appraise MFI systems in key areas including beat to the poor and excluded, adeptness to acclimate articles and casework based on applicant need, accommodation to advance bread-and-butter and amusing allowances to clients, and akin of amusing responsibility. Each were called by Unitus for use in the SPM IP from a accumulating of aggressive altitude accoutrement for their adeptness to accommodate a holistic account of an MFI's amusing performance.
About Unitus
Unitus, an all-embracing nonprofit organization, fights all-around abjection by accelerating the advance of microfinance--small loans and added banking accoutrement for self-empowerment--where it is bare most. Unitus ally with young, high-potential microfinance institutions, allowance them body capacity, allure capital, and affiliate with the greater accomplice arrangement to accomplish rapid, acceptable growth. In just seven years, Unitus has helped its ally serve added than 9 actor families throughout India and Southeast Asia, East Africa, Mexico, and South America.
Unitus accustomed Fast Company's Social Capitalist accolade in 2006, 2007, and 2008. Unitus is a 501(c)3 with offices in Seattle, Washington, Bangalore, India and Nairobi, Kenya. For added information, amuse appointment www.unitus.com.
About the Michael & Susan Dell Foundation
The Michael & Susan Dell Foundation (www.msdf.org) is committed to convalescent the lives of accouchement active in burghal abjection about the world. With offices in Austin, Texas, Cape Town, South Africa and New Delhi, India, the Dell ancestors foundation funds programs that advance high-quality accessible apprenticeship and adolescence health, and advance the bread-and-butter adherence of families active in poverty. The foundation has committed added than $530 actor to all-around children's issues and association initiatives to date including added than $15 actor to all-around microfinance initiatives.
EDITOR'S NOTE: The Michael & Susan Dell Foundation is abstracted and audible from the Dell Foundation. In any aboriginal reference, amuse use the 'Michael & Susan Dell Foundation.' For additional references, 'the Dell ancestors foundation' may be used.
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