Grameen Foundation, a US-based nonprofit, has launched a certificate program to recognize organizations that comply with new standards of use for its Progress out of Poverty Index (PPI), a tool developed by Grameen for tracking and reporting poverty data.
Microfinance institutions (MFIs) and other PPI users that successfully complete the certificate program receive a seal of approval confirming they are using the tool correctly. Certified MFIs will be recognized on the Microfinance Information Exchange (MIX), a source of financial and social performance data on MFIs.
The Progress out of Poverty Index (PPI) is an assessment tool that is intended to help institutions measure outreach to the poor, monitor changes in economic well-being of clients and provide data to managers on the effectiveness of programs and services.
Additional information about the certification, including the application process, is available at http://www.progressoutofpoverty.org/certification.
By Witt Gatchell, Research Associate
About Grameen Foundation:
The Grameen Foundation, a nonprofit based in Washington, DC, aims to help microfinance institutions throughout the world replicate the microfinance model of the Grameen Bank https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Gra… . It provides financial, technological and managerial support for local organizations and intends to provide new business opportunities and telecommunication services to the rural poor. Though the Grameen Foundation is independent of the Grameen Bank, Muhammad Yunus, the founder of the Grameen Bank, serves on the foundation’s Board of Directors. Grameen Foundation reported total assets of USD 25 million as of March 31, 2009.
Sources and Additional Resources:
[1] Grameen Foundation Press Release: “Grameen Foundation Launches Certification Program for Using the Progress out of Poverty Index”
MICROCAPITAL BRIEF: Grameen Foundation Issues Standards for Progress out of Poverty Index Prior to Commencement of Certification Program
https://www.microcapital.org/microcapital-brief-grameen-foundation-issues…
MicroCapital Universe: Grameen Foundation: https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Gra…
Browse the MicroCapital Universe and add your entry to the wiki at: https://www.microcapital.org/microfinanceuniverse/
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