GCA Foundation the first microfinance operator to analyse and benchmark its MFI portfolio’s social performance along international standards
Since its inception in 2008, the Grameen Crédit Agricole Foundation has carried out comprehensive financial and social due diligence in its investment process, with its social performance evaluation based on SPI, a social performance audit tool developed by non-profit service provider CERISE.
Since 2015, the GCA Foundation has used the SPI4 ALINUS, a social due diligence tool based on the SPI4 and fully aligned to the Universal Standards for Social Performance promoted by the SPTF. This has allowed the Foundation to be the first MIV to benchmark and compare its microfinance portfolio’s social performance against a standardised set of metrics aligned with the Universal Standards.
After an initial presentation to the Foundation's Board of Directors in early March, the results and learnings from this work were presented to the SPTF investor meeting on March 15th and 16th in Zurich.
A summary of the main findings will be presented in the Foundation's 2016 Integrated Social and Financial Annual Report, to be published soon.
For an update on ALINUS, click here.