Microfinance

MicroSave takes over Social Performance Management Project from Unitus

Unitus and MicroSave are pleased to announce the transfer of the Social Performance Management Implementation Project (SPM IP) project to MicroSave’s stewardship, beginning mid-September 2010 through the original project period of March 2012. Funded by the Michael & Susan Dell Foundation, Boeing and the  Deutsche Bank Foundation, the SPM IP aims to assist microfinance institutions (MFIs) in India and  South/Southeast Asia in assessing, refining and implementing monitoring and decision-making systems and procedures that are aligned with the organisations’ social missions.

The programme will also help MFIs  improve their ability to report to external stakeholders on social performance with a high degree of confidence and within industry-adopted standards.

Under this project MicroSave will collaborate and partner with microfinance institutions, largely in India, to conduct social performance assessments (Phase I), and then help the MFIs institutionalise and operationalise the recommendations from Phase I (Phase II). Unitus has substantially completed Phase I activities for three MFIs –Ujjivan and Grama Vidiyal in India, and  AMK in Cambodia. With Unitus’ support in the initial two months following the transfer, MicroSave will further identify new partners and implement Phases I and II for five and three new MFIs respectively, by project end.microsave spm india

This transition period will also minimise any major disruptions of the on-going work with the current SPM IP partners. MicroSave will also continue to use the tools used by Unitus – the CERISE SPI™ and the Grameen Foundation Progress out of Poverty Index™ (PPI) and client surveys. These tools will be combined with MicroSave’s unique qualitative approach in field validation at client and staff levels.

The SPM IP will ultimately enable MFIs throughout India and South/Southeast Asia to transform social  performance from a theoretical, and at times marginalised, topic into a subject that is both mainstream and one that proves both a social and business case for monitoring and acting upon true mission attainment.

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