Expanding social performance learning

Oikocredit has signed on as the newest member of the Imp-Act consortium. The move provides an opportunity to learn, network and contribute to social performance management in the microfinance industry.

In joining the consortium, Oikocredit brings its experience in implementing the Cerise SPI social audit tool and building capacity through Grameen Foundation's PPI. Oikocredit strives to be a leader in social performance and promote social performance management among our project partners. Achieving the social goals and objectives of an organization is more likely if they are clearly defined, monitored, measured, assessed and reported on as systematically as an organization's financial performance.

"Social goals such as reaching the poor and having a positive impact on lives are not achieved automatically and effective performance management requires both a social and financial perspective," said Oikocredit manager of Social Performance Ging Ledesma. "Being a part of the Imp-Act consortium means Oikocredit has joined like-minded organizations and networks we can collaborate with, contribute to and learn from."