ADA, formerly known as Appui au Développement Autonome; Belgian Raiffeisen Foundation; and Comité d’Echange, de Réflexion et sur les Systèmes d’Epargne-Crédit (CERISE) recently partnered to integrate the Social Performance Indicators 4 (SPI-4) and MFI Factsheet programs, which can be accessed through Microfact, an online platform that offers tools and workshops intended to improve the performance of microfinance institutions (MFIs).
SPI-4 can be used to analyze factors such as the use of “green microfinance” and client data such as poverty level, gender and rural vs. urban origin. MFI Factsheet facilitates the analysis of MFIs’ financial data through graphing and other means.
It is estimated that 500 MFIs use a version of SPI and 600 MFIs use the MFI Factsheet. Both programs can be accessed free of charge.
By Jason Wei, Research Associate
About ADA
ADA, formerly known as Appui au Développement Autonome, is a nonprofit organization based in Luxembourg. ADA supports inclusive finance professionals in an effort to help the approximately 2.5 billion adults outside of the conventional financial system to reach their goals. ADA’s activities include developing new financial products, assisting in the capacity building of microfinance institutions (MFIs) and improving information on and awareness of microfinance activities. As of 2015, ADA has five focus areas: “green energy, jobs for young people, farm leasing, microinsurance and migrant savings.” As of 2014, ADA reported total assets of EUR 3.7 million (USD 4.2 million). As of 2013, ADA had active projects in 23 countries and supported 150 MFIs serving approximately 5 million beneficiaries.
About BRS
The Belgian Raiffeisen Foundation (BRS), an arm of the Belgium-based financial group Cera, aims to increase financial inclusion in developing nations through the provision of economic and technical support to providers of savings, credit and insurance services. It also “supports sustainable development projects and strives to help the poor in developing countries to become self-reliant.” The specific budget size of BRS is unavailable.
About CERISE
CERISE is a nonprofit organization based in Paris, France, that aims to support “ethical and responsible finance” in order to drive social and economic development. It offers training and support programs that support financial institutions seeking to “carry out social audits, analyze social data, and define their social strategy”
Sources and Additional Resources
[1] Integration between the SPI-4 and the MFI Factsheet, http://www.ada-microfinance.org/en/our-solutions/microfact
MicroCapital Universe Profile: ADA
MicroCapital Universe Profile: BRS
MicroCapital Universe Profile: CERISE
Do you know that MicroCapital publishes the MicroCapital Monitor newspaper each month? Find out more at https://www.microcapital.org/products-page/
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