- Poverty Measurement & Insights
- Monitoring & Evaluation
- Market Research
Poverty Measurement & Insights
CISP’s solutions for measuring poverty is based on the need for collecting empirical data by organizations that are committed to address poverty. By using tools like Progress out of Poverty Index and well tested socio-economic indicators, our team assists in the creation of reports and dashboards that are able to inform pro low income segments enterprises about prevalence of poverty, correlation with other aspects of a client’s ecosystem and changes in poverty levels over time. The team also assists in institutionalizing the tool to enable organizations to set up systems and processes for collecting and reporting poverty data on a longitudinal basis
How do we do it?
Grameen Foundation has created a tool called The Progress out of Poverty Index (PPI). The PPI is a country specific, objective client poverty assessment and targeting tool.
- It is an inexpensive and efficient 10 question scorecard.
- It comprises of simple, non-financial indicators. PPI is based on categorical indicators: family, house, and ownership of consumer durables.
- It can be used with other programme/project related indicators to yield rich client level insights.
Monitoring and Evaluation
We help our partner organizations design effective evaluation systems, assess their performance, and implement evidence-based decision-making and management. We use a mix of qualitative and quantitative approaches based on project needs and oversee the complete spectrum of activities from framework design to data collection and outcome assessment.
How do we do it
We use various tools to implement M&E tools. These include-
- Results oriented framework including Theory of Change
- Monitoring system
- Progress out of Poverty Index
- Customized reporting dashboards
- Customized evaluation instruments
- Sector specific outcome indicators
We use research and data analytics to generate objective client information that helps our partners better acquire, serve, and retain their customers. Our endeavor is to produce business intelligence that can inform strategic decisions for organizations that are looking to serve the low income segments. The research outcomes are aimed at providing actionable recommendations that move beyond just a theoretical summation of data collection efforts.
How do we do it
- Participatory approach: Work closely with the management of the organization to arrive at their data requirements
- Research design: Customized design that is aligned with data requirements and is optimized for relevance and power to determine desired outcomes
- Create smart tools: Endeavor to create lean data collection tools that are cost effective to administer and at the same time have the ability to report desired insights
- Reports: Discuss and disseminate lean data that is actionable, easily consumed by users and is a solution to the business queries raised by the commissioning team
- Ability to work with different research designs- Quantitative (repository of well tested socio-economic indicators); qualitative (focused group discussions, Human Centered design approach, In depth interviews)
- A strong network of data collection and research agencies enabling geographical coverage anywhere in India and elsewhere
- Use of lean methods of data reporting using visuals, informatics and graphs. Produce succinct reports to enable optimal data consumption
Microfinance sector has been instrumental in serving the underprivileged communities for over two decades now. Despite the good work done, in 2010 the sector witnessed a great upheaval which subsequently led to the need for a regulatory framework. Since 2010, the sector has witnessed positive changes primarily due to the strong support of Government, Reserve Bank of India, stakeholders and MFI practitioners. However, there is still a huge need to rebuild the credibility of the microfinance sector. It is crucial for the sector to put together a strategy to approach all the important segments and share with them the efforts being made by the sector in improving their effectiveness with the borrowers. In order to achieve this goal, Sa-Dhan with financial support from SIDBI and DFID under Poorest States Inclusive Growth Programme (PSIG) started publishing flyers on different contemporary and relevant topics. The flyer is shared with Parliamentarians, policy makers, regulators, practitioners and stakeholders. The topic of Sa-Dhan’s latest flyer is “Poverty Outreach of Microfinance in India’s Poorest States”, which focuses on financial inclusion & women empowerment in Indian states like UP, Bihar, MP, Odisha. This policy brief elucidates findings from a recent study carried out by Grameen Foundation India on the poverty outreach of microfinance institutions in low income segmentsest states. It provides insights into the poverty profile of microfinance clients, in comparison with the respective state poverty profiles. The entire study can be found at Microfinance Poverty Outreach Report for 4 States in India.
This report is based on the poverty outreach study conducted by Grameen Foundation India in partnership with DFID and SIDBI in the four low income segmentsest states of India which are part of DFID’s Poorest State Inclusive Growth(PSIG) program: Bihar, Orissa, Madhya Pradesh and Uttar Pradesh. The study compares the MFI portfolio against the base population’s poverty profile in these four states and builds understanding of microfinance clients by drawing parallels between poverty data and other socio-economic indicators. This study will serve as a poverty outreach benchmark for practitioners and policy makers and help MFIs to improve their poverty outreach over the PSIG program period. The study covers a sample of 11044 microfinance clients through participation of 20 MFIs practicing in the 4 states.