Asia: Microfinance: the progress out of poverty index
The Grameen Foundation has launched a website to explain and promote the Progress out of Poverty Index, a tool that measures the impact of microfinance in defeating poverty
di Staff
Grameen Foundation has launched www.progressoutofpoverty.org, a website that demonstrates how microfinance institutions (MFIs) can understand and improve their social performance. The website features information and resources about the Progress out of Poverty Index? (PPI?), a poverty assessment tool that helps MFIs measure the poverty levels of their clients. The PPI was commissioned by Grameen Foundation in collaboration with the Consultative Group to Assist the Poor (CGAP) and the Ford Foundation.
In addition to providing MFIs with a step-by-step guide and training toolbox for implementing the PPI, the website will also be a portal for users to share their knowledge, experience and resources. The site also includes specific details on the nine countries where Grameen Foundation is currently working with the PPI to assist MFIs in realizing their social missions more effectively. The new website also includes a case study detailing the experience of the first Grameen Foundation MFI partner to pilot and implement the PPI: Negros Women for Tomorrow Foundation in the Philippines. Grameen Foundation expects to have 38 usable PPIs within the year.
The initiative is being led by Grameen Foundation?s Social Performance Management Center which promotes industry innovations that enable MFIs to better target and track the progress of their clients. This first phase of the PPI website focuses on MFIs. A second phase focusing on the social investor community will follow.
More info
www.progressoutofpoverty.org
