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We are pleased to release the 2018 GroFin Impact Report

Posted By Shailen Neewoor, GroFin, Friday, August 16, 2019

"Famous rock musician and philanthropist Bono once remarked that impact investing is an excuse for good people doing bad deals. We would argue that GroFin is about good people doing real deals. GroFin has invested nearly $340 million in 708 small and growing businesses (SGBs) and in doing so helped them to sustain over 28,000 jobs. These deals might not hit the headlines or generate “alpha returns”, but they do deliver real impact alongside positive financial returns,” Guido Boysen, GroFin CEO.

This year we have changed the format of our annual Impact Report by adopting the Integrated Reporting guidelines. This brings GroFin in-line with global best-practice to report on how we create value by leveraging the various forms of capital at our disposal. This framework enables us to look at the business in an integrated way.

The report provides as an overview of the following:

  • GroFin’s business model and strategy
  • Our biggest accomplishments during the past year
  • The financial performance and impact generated by each of our six active Funds
  • The successes of our clients and how they are changing lives in the communities where they operate.

We are forever grateful to our clients, investors, funders, partners, and staff without whom our success and impact would not have been possible.

Visit the report website

Download the report

 Attached Files:

Tags:  A Access to Finance  Access to Finance  Africa  Agribusiness  Agriculture  ANDE Members  ANTHOS  Base of the Pyramid  Business  Business Models  Calvert Impact Capital  capacity development  CDC  DFID  DGGF  East Africa  education  energy  entrepreneurship  finance  FINFUND  FMO  gender  Global. Development  IFC  impact  impact assessment  impact evaluation  impact investing  impact investing; gender lens investing; gender; w  impact investment  impact management  impact measurement  International Finance Corporation  Investors  Mastercard Foundation  MENA  missing middle  Open Society Foundations - Soros Economic Developm  Philanthropy; impact investing  Scale  SDGs  SGB  SGBs  SGBs; accelerators; East Africa  SGBs; small and growing businesses impact investin  SGBs; West Africa; Senegal; Africa; MENA; Entrepre  Shell Foundation  Skoll  small and growing agrobusiness  small and growing businesses impact investing  smes  social impact  Soros Economic Development Fund  South Africa  supply chain  sustainability  sustainable development  Tanzania  Triple Jump  Uganda  USAID  West Africa  Women  World Bank Group  Youth 

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“PULSE OF IMPACT MANAGEMENT” REPORT RELEASED ON IMPACT MEASUREMENT, MANAGEMENT AND REPORTING PRACTICES

Posted By Erina McWilliam-Lopez, Center for Social Impact Learning at the Middlebury Institute of Internationa, Thursday, March 16, 2017
Updated: Thursday, March 16, 2017

The Pulse of Impact Management report was recently released by the Center for Social Impact Learning (CSIL) at the Middlebury Institute of International Studies in partnership with SVT Group. The report features advice from impact investors to those new to the field, and also summarizes the history of impact investing, key terms and concepts in impact measurement, and trends, and provides a practical guide to the most relevant publications.

“We’ve reached a milestone in the impact management profession: so many reports are coming out that look at impact measurement and reporting practices that most folks just don’t have time to keep up. This report provides a one-stop synopsis that helps readers quickly identify the resources most relevant to them,” said Sara Olsen, Founder of SVT Group and coauthor of the report along with CSIL Research Associates Aislinn Betancourt and Courtney Kemp.

Opportunities identified by the Pulse of Impact Management include:

  • Understanding the opportunities to generate value from periodic impact measurement and reporting.
  • Enhancing the manageability of impact data with IT systems that enable capture and sharing of data all along the supply chain.
  • Addressing how best to account for impact that occurs after the investor exits.

The Pulse of Impact Management can be used as a quick guide of current practices at the due diligence, monitoring and reporting stages of impact investing based on a scan of 257 publications, interviews with 17 firms in the impact investing arena, and SVT Group’s empirical experience in the field over the past 15 years. Download the report here.

Ask questions and learn more about the Pulse of Impact Metrics from Sara Olsen of SVT during an upcoming ANDE member webinar on Thursday, March 23rd at 10am Eastern Time: 
https://attendee.gotowebinar.com/register/869101650579353603

The Center for Social Impact Learning (CSIL) was founded at the Middlebury Institute of International Studies (MIIS) in July 2014 to proactively advance millennial engagement in the emerging fields of Social Entrepreneurship and Impact Investing through three interrelated lenses: Academic, Experiential, and Action Research. CSIL stands out among today’s impact-driven career programs because it’s designed to serve the full spectrum of emerging social entrepreneurs—from undergraduates to graduate students to accomplished professionals, offering them both valuable learning experiences in the social enterprise field and seamless transitions from one stage of professional development to the next. CSIL acts as a vehicle for positive impact in communities around the world by partnering with small and growing social sector businesses and responsible investment funds seeking new talent, and then matching them with globally-minded and diversely-skilled professionals.  

SVT Group is “your outsourced Chief Impact Officer,” an impact management firm that provides investors, companies and social enterprises support to measure, manage and communicate their social and environmental impact (e.g. theory of change, impact metrics, impact IT systems onboarding and support, retrospective impact analyses and more). As pioneers in the social capital markets, Sara and SVT’s team of subject-matter experts have measured the social and environmental value of approximately $9.08 Bn in private equity, debt and grants in dozens of countries and issue areas. Recent clients include Yo Yo Ma, Restore the Earth Foundation, Fair Trade USA, Global Fund for Women, Beneficial State Bank, and CalPERS’ Environmental Investment Advisor. SVT recently celebrated its 15th year in business. @svtgroup 

Tags:  impact evaluation 

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Career Accelerator: Social Innovation Management Fellowship - Call for Applications

Posted By Geraldine Hepp, Amani Institute, Monday, December 14, 2015
Updated: Monday, December 14, 2015

Change someone's life - share this opportunity for aspiring changemakers to join a global Fellowship and take their career to the next level! 

We have received some of our best applicants thanks to people like you, and we would love to see the power of our community once again - so we can find the changemakers who are looking to build the professional skills and global networks needed to lead change effectively.

You can learn more about our Post-Graduate Certificate in Social Innovation Management and its changed structure here
Amani Institute Graduates now have an exciting opportunity through our partnership with Lynn University, where our program counts 25% towards a new MBA in Social Innovation Management that can be completed both on campus or online.

The most effective way to share this is via direct 
recommendation and shouldn't take longer than 3 minutes of your time but could mean a life-changing opportunity for someone in your network.

Fellows who have benefitted most from this program have been:

  • Career-switchers
  • Recent Graduates
  • Social change sector professionals 

committed to taking their work to the next level. Selection criteria:

  • A University degree (undergrad or masters)
  • At least two years of practical experience (either working or volunteering)
  • Evidence of commitment to social change through your personal and/or professional life
  • Strong desire to develop yourself further both professionally and personally
  • Interest in gaining a further global perspective to your previous experiences

Find a sample text, an infographic and a video for you to pass on below but also feel free to directly nominate and connect us via Email, allowing for a no-strings attached conversation with someone you nominate as a potential Social Innovation Management Fellow

_____________________________________________________________________
Feel free to use the below infographic about the different phases of the program and the following sample text for easy sharing:

Dear [Name],

Considering your passion for meaningful work, I highly recommend Amani Institute'scutting-edge 10 month Post-Graduate Certificate in Social Innovation Management: 4 months field immersion in Kenya or Brazil, 10 professional skill-building courses taught by global experts, a customized apprenticeship, 3 inspiring field trips, 20+ like-minded classmates from around the world, and much more. 

In 10 months, expand your professional network, get global experience in how to tackle some of the toughest challenges, and learn how to change the world! Apply now: bit.ly/amani2016

Learn more about Amani Institute's partnership with Lynn University if you are interested in an MBA in Social Innovation Management herebit.ly/SocInnMBA

Application Deadline: January 11th, 2016
Program start: February 1st, 2016

Download File (PDF)

 Attached Thumbnails:

Tags:  Base of the Pyramid  business training  capacity development  career in social changeSocial Entrepreneurship  CSR  diaspora  East Africa  education  emerging markets  fellowship  impact evaluation  innovation  Latin America  social entrepreneurship  social innovation  talent 

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Development Innovation Ventures (DIV) follow-up info

Posted By Kristen Gendron, U.S. Agency for International Development, Friday, January 30, 2015

ANDE members,

Thanks to those who joined yesterday's webinar on Development Innovation Ventures (DIV)! It was great to connect and hear your insightful questions.

We are excited about working with ANDE members to help drive great innovators to the financial and non-financial resources DIV can offer. I am sharing with you some tools that will be helpful in those efforts. Below/attached you’ll find:

  • Quick description of DIV  
  • Draft social media content: many DIV applicants have found out about us through social media
  • DIV Factsheet (attached): feel free to share widely

I look forward to connecting further with your organizations in these efforts. Please feel free to reach out to me in the ANDE portal anytime.

Warm regards,

Kristen and the DIV team

***********************

About DIV

Development Innovation Ventures is an open competition supporting breakthrough solutions to development challenges around the world. DIV is looking for applicants in any sector, from any organization, company, or individual in almost any country in the world whose innovative ideas match our principles of cost-effectiveness, evidence of impact, and potential to scale. DIV invests grant financing in winners ranging from under $150,000 to $15 million.

Social Media Tools

Twitter

  • Looking for seed financing or scaling support? @DIVatUSAID winners receive up to $15M. Apply today http://goo.gl/dHJ44d
  • Help spread the word about @DIVatUSAID to innovators in #GlobalDev around the world! Apply now! http://goo.gl/dHJ44d
  • #Innovation competition @USAID looks for bold #globaldev ideas from anyone, anywhere. Apply to @DIVatUSAID now. http://goo.gl/dHJ44d

Facebook

  • Do you have the next big idea to change the world? Apply to USAID’s Development Innovation Ventures. You could receive up to $15M for your innovative solution. http://goo.gl/dHJ44d
  • Need seed funding to test and scale your development solution? USAID’s DIV accepts proposals year-round for innovations that will solve the world’s biggest development challenges. Apply now! http://goo.gl/dHJ44d
  • USAID’s DIV is an open competition supporting breakthrough solutions to development challenges around the world. Ideas can come from anyone, any sector, anywhere. Submit your application today http://goo.gl/dHJ44d 

Fact Sheet

Attached to give innovators an overview of DIV. This also on the DIV website.

 

*PS  - If you missed the ANDE - DIV 101 session yesterday and would like to watch, please connect with your membership manager Susannah Eastham.

 Attached Files:

Tags:  Acceleration  Access to Finance  early stage ecosystem  finance  Global. Development  Grants  Grants Rockefeller  High-Growth Entrepreneurship  impact evaluation  impact investment  innovation  Investors  missing middle  Philanthropy; impact investing  Private sector development  Public sector  social ent  social enterprise  social impact  social metrics 

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If you aren’t part of the mainstream, how do you measure impact?

Posted By Peter Whitehead, Media Development Investment Fund, Wednesday, October 8, 2014

Whether or not you agree with the research and investment blogs that claim impact investing is about to change the world or think the jury’s still got some considering to do before delivering a verdict, all surely agree that measurement will play a critical role in the development – or otherwise – of the sector.

Investors, investees and practitioners – as well as catalytic organizations like ANDE – need to be able to point to outcomes or, better still, societal impact if impact investing is going to live up to even half the claims for its transformative power.

There are plenty of guides and indicators to help mainstream impact investors compare like with like – if your goal is to create jobs or roll out microfinance, there are accepted ways to measure and compare what you’re doing – but what about non-mainstream sectors? And what about impact sectors where the ultimate goals are more intangible, like supporting human rights or democratic development?

For example, Media Development Investment Fund invests in independent media around the world that provide the news, information and debate that people need to create thriving, free societies. We provide capital and technical assistance to help independent news businesses become financially self-sustainable, strong enough to remain independent of powerful governments and oligarchs who want to trade cash for influence.

To evaluate our impact, we focus our assessment efforts on two broad areas: first, our direct impact on investees; and, second, our investees’ impacts on their societies.

Assessing the extent to which our support contributes to our investees’ sustainability is relatively straightforward; we evaluate how each media company’s reach, sales and viability (determined by assessing a range of risk factors) change over the course of their involvement with us, all based on monitoring data we collect on a monthly basis.

But what about our impact on helping people build free societies? For practical – mainly resource – reasons, assessing impact at this level is less systematic. Even so, we think it’s important to do what we can and we conduct deep-dive studies on individual clients to understand the role they play in their societies. This can show whether a newspaper in Guatemala is a trusted source of investigative journalism, for example, or whether a news website in Malaysia provided important information to voters in national elections.

In 2014 we have supplemented this type of assessment by including portfolio-wide societal impact metrics in our annual Impact Dashboard. This year we focus on our clients’ efforts to hold leaders accountable for their actions through reporting on corruption and tracking policy promises. While this falls short of measuring our achievements in helping to create free, thriving societies, it takes us a step further than we have gone before and provides our investors with a better insight into the changes they are helping to create.

We would love to hear how other impact investors have developed impact measurement in non-mainstream sectors, as well as any feedback on our approach and suggestions for improving it.

You can take a look at the interactive Impact Dashboard 2014 or read the pdf here: http://www.mdif.org/impact-dashboard-2014/.

 

Tags:  ANDE Members  impact evaluation  impact investing  impact investment  impact measurement 

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New 5-part blog series on impact investing

Posted By Global Partnerships, Monday, June 30, 2014

Throughout July 2014, Global Partnerships will be rolling out a 5-part guest blog series on impact investing that presents the variety of perspectives of different actors in the impact investing space:

  • wealth advisor - Arabella Advisors (“How wealth advisors can facilitate impact investments” published on June 24: http://bit.ly/1jKch32);
  • philanthropic investor - Shell Foundation (“Four ways to use grant funding to catalyze innovation and de-risk early-stage enterprises”  to be published July 1);
  • institutional investor - OPIC (“Investing for social and financial returns: OPIC’s perspective” to be published the week of July 7);
  • impact evaluator - FSG (to be published the week of July 14); and
  •  social enterprise - Luciérnaga LLC (“Challenges and Opportunities for Social Enterprises” to be published the week of July 21).

Each actor provides insight into:

  • their role in the impact investing space,
  • the challenges they face, and
  • the optimism they hold for creating and measuring impact.

This blog series will provide readers with a unique insider’s view from the vantage point of different players throughout the impact investing sector. The series will also inform readers about the opportunity to create lasting social change through these various actors. To get the blog series delivered to you inbox, please subscribe to Global Partnerships' blog by entering your email here or entering your email in the subscription box at the top right corner of www.globalpartnerships.org.

Tags:  impact evaluation  impact investing  impact investment  Philanthropy  social ent  social enterprise 

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3 emerging trends in impact evaluation

Posted By Global Partnerships, Thursday, June 19, 2014
Updated: Thursday, June 19, 2014

This blog post was originally published on Global Partnerships' weekly blog, News & Insights.

by Tara Murphy Forde, director of research & impact, Global Partnerships 

It isn’t every day that you get to geek-out with a room full of people who spend their days trying to measure the often intangible impact of small and growing businesses in emerging markets. Each year members of the Aspen Network of Development Entrepreneurs (ANDE) gather in Washington, DC to discuss common challenges and solutions for metrics & evaluation. This year the attendees included a diverse group of investors, capacity development providers, researchers and entrepreneurs who all share Global Partnerships’ (GP’s) commitment to thoughtful and rigorous impact evaluation. As a new member and first-time attendee, I was struck by the diversity of our approaches yet the shared nature of the challenges we face in trying to understand and measure the impact of our work.

Emerging trends in impact measurement

This year the conference focused on “Measurement in Action,” highlighting the catalytic effect that collective action around measurement can have for the small and growing business sector. In conjunction with the conference ANDE published its annual “State of Measurement Practice in the SGB Sector” report, which uses data and interviews with 30 different organizations to identify and analyze key trends in measurement practice. The following emerged:

  1. The need to balance and align social metrics with financial performance indicators

  2. The need to place greater emphasis on transparency and attribution

  3. The need to develop more efficient data collection and data management approaches

Based on these points, A New Vision for Shared Metrics was put forth for discussion and feedback. While there was lively debate about how, there was general agreement on the need to move beyond the focus on accountability (Metrics 1.0) and standardization (Metrics 2.0) to value creation (Metrics 3.0).

Creating value through impact measurement 

In order to invoke action, ANDE asked each member to reflect on the following questions, which I will take a moment to share here:

What should your organization do to create more value through impact measurement?

What we at GP are currently working on:

What more can we do:

1. Developing a rigorous, consistent, and iterative evaluation practice that is grounded in the existing body of evidence, empirical knowledge, portfolio data, and targeted case studies/impact assessments

1.a. Document and share learnings with investees, investors, and industry peers

1.b. Encourage knowledge exchange among investees to facilitate the adoption of best practice

2. Selecting metrics that matter to our investees and where possible aligning them with IRIS Standards

2.a. Invest in the data collection and reporting capacity of our investees

2.b. Provide feedback to IRIS regarding our experiences with implementation

3. Tackling the difficult yet pressing question of how to quantify GP’s contribution to downstream impact

3.a. Engage in frequent dialogue with other ecosystem actors who are tacking this same question

3.b. Be more explicit about the logic and assumptions behind our measurement approach

 

What does Global Partnerships need from the sector to make this happen?

  • Consolidation and sharing of the evidence base
  • Collective investment in the measurement and evaluation capacity of small and growing businesses
  • Development of information systems and technologies that facilitate accurate, easy, and efficient data collection in often remote locations

Walking away from the conference I was both energized and hopeful about what we as a sector can accomplish in our efforts to create more value through our impact measurement efforts. I look forward to ongoing exchanges and partnership opportunities that may emerge through our activity in the ANDE network.  Stay tuned for updates!


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Tags:  Impact Evaluation  impact measurement  impactimpact  metrics 3.0  metrics and research  metrics framework  social metrics 

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