As a volunteer for the Grameen Foundation Bankers without Borders® program, my goal inPeru was to conduct a Grameen Foundation certification of the use of the Progress out of Poverty Index™ (PPI™) at FINCA Peru. The PPI is a 10-question poverty assessment tool that helps poverty-focused organizations to understand the poverty distribution of the their clients and target clients, track poverty over time, and to adjust their products and services to best serve their clients in moving out of poverty.It was encouraging to see that Iris had learned as much from the PPI questionnaires completed by her clients as I did. She was surprised to glean from a PPI sample study that fewer than expected of her clients sampled were below the poverty line. The information reinforced FINCA Peru’s strategy to focus on more rural clients to reach the poorest in Peru.
Over the course of one week, I work closely with ESAF’s PPI Manager, Benita, and am privileged to have access to staff from the managing director to the loan officers, as well as to be introduced to several ESAF India clients. Based on my interactions, it seems to me that ESAF India is committed to meeting their clients’ needs and social goals. As the PPI contributes to both, they are in the process of implementing various processes and training to achieve best-in-class PPI use.
Even more apparent is the confidence that microfinance loans and membership in a sangam has instilled in the clients. These women have gained not only financial benefits, but also greater independence, practice managing money and people, and, according to one loan officer, “social fearlessness.”
Continue reading Jamie’s blog post.