Outcome Assessment

Assesses outcomes likely associated with the financial service provider’s product offerings and their impact on clients’ lives. Outcome assessment is conducted by analyzing existing institutional data or by integrating additional insights gathered through client surveys. The metrics used to monitor changes are aligned with the Universal Outcome Indicators developed by the Social Performance Task Force (SPTF) and the United Nations Sustainable Development Goals (UNSDGs).

Client voice, includes the active inclusion and representation of client’s feedback, needs and perspectives in design, delivery and evaluation of services or products. At AssureInclu we believe that client’s perspectives are critical for any evaluation and hence are embedded within all our product offerings to capture real-world experience and expectations of customers. Here are some ways through which we capture client voices:

Focus Group Discussions: The approach would depend on the basis of FSPs business model whether individual or group. The outcome should help to gain nuanced understanding to inform decisions, policies or strategies.

Ethnographic Studies: We also have ethnographic experts who will help us in reliable application of ethnographic methodologies. The approach shall be used when studies require a deeper understanding of behaviour of certain groups like women MSME’s, or social, cultural and environmental factors influencing customer behavior.

Remote one-on-one interviews: Fintech assessments are conducted using a thoughtful blend of structure, technology, and interpersonal finesse. These interviews are typically conducted via secure video conferencing platforms like Zoom, Microsoft Teams, or Google Meet, which offer features such as screen sharing, recording, and real-time collaboration. The interviews are recorded and shared with the stakeholders as required.

Client Stories: AssureInclu shall offers both narrative and visual client stories, creating compelling narratives that highlight the experience and outcome of individuals or organizations, communities that have benefited from the specific services, products or institutional initiatives.

Who

The impact assessment tool holds significance for variety of institutions, particularly those focusing on advancing social and economic development key examples include :

Microfinance Institutions (MFIs)​

To measure the impact of financial services on clients’ livelihood and assess alignment with their social mission.

Socially Responsible Investors

To evaluate the outcome of their investment and ensure they support sustainable ethical goals.

Non Government Organizations (NGOs)

To track the effectiveness of initiatives aimed at improving community well being. NGOs apply the tool to assess the effectiveness of their programs.

Multilateral Agencies

To monitor the results of programs and projects funded in alignment with United Nations SDG goals.

Corporate Social Responsibility (CSR) Departments​

Measure impact of corporate initiatives on community development and stakeholder well-being.

Social Enterprises​

Assess social outcomes of their business models and enhance their mission driven approaches.

How?

By using tried and test tools preferred by the AssureInclu Consulting.  Clients and also based on the business model including the type of organization. Here are some tools that the company shall use to conduct outcome assessment. 

Guidelines on outcome management for financial service providers.​

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