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INVESTING IN OUR VALUES

Blog series on the future of microfinance

The final CFI post, “FinTech in Microfinance: In Search of the High Tech – High Touch Unicorn”, has been added to the four-part blog series examining the role of microfinance in creating social value for the client. These posts are based on discussions…

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Prospero Microfinanzas Fund Receives Top GIIRS Rating

We are pleased to announce Prospero‘s third annual updated GIIRS rating! All Prospero’s portfolio companies achieved an average Overall B Score of 138 (Outstanding), up almost 10% from the previous year’s average of 127. Prospero’s portfolio companies attained the highest (Platinum) ratings for their Impact…

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Grassroots Leads Measure What Matters Webinar on March 22

  • March 6, 2017
  • Blog

Join us for the second webinar in B Lab's Measure What Matters mini-series to discuss "How to Make an Improvement Plan."  Anna Kanze from Grassroots Capital Management will lead a discussion on how to construct, share, and execute an improvement plan for the companies in a portfolio or network…

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The Microfinance Industry: Revolution or Footnote?

  • March 6, 2017
  • Blog

Will microfinance respond and adapt to the evolving financial inclusion landscape, or is it yesterday’s solution, to be supplanted by more cutting edge, “impactful” initiatives? These are the questions to be discussed at an upcoming workshop, "The Microfinance Industry: Revolution…

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GIIRS in Practice: Interview with Prospero’s Fund Manager

Fernando Prado, Fund Manager of the Latin American equity fund Prospero Microfinanzas, was interviewed recently about the significance of the GIIRS rating for the fund and its portfolio company ODEF Financiera SA., a Honduran microfinance institution. Prospero, co-managed by Grassroots and BIM,…

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Paved with Good Intentions

  • November 10, 2016
  • Blog

by Paul DiLeo

In the long-running discussions about social impact, there are prominent and respected investors and managers who continue to argue that good intentions, perhaps captured in a robust and compelling mission statement, are sufficient to confirm the impact character of a company. In this view, an impact investor needs to review a company’s stated social goals at the time of investment, but thereafter need only focus on the commercial success of the business, on the assumption that the social benefit will automatically follow from the intent; the company doesn’t need to track and report on its success in achieving its social goals.

Grassroots believes that now that it is 2016, good intentions are a necessary starting point for an impact business, but are inadequate and must be followed up with rigorous management and reporting on outputs and outcomes based on a well-articulated theory of change that takes advantage of the latest research on what works and what does not: identifying indicators, setting goals, measuring progress towards goals, and then using those goals to reassess strategy and operations. In our view, investors who are satisfied with ex ante intentions are inadvertently demoting the impact side of the double bottom line to a secondary and non-critical priority in the objectives of the business. In many cases, it appears that this demotion is due to an outdated appreciation of the current state of impact metrics.

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Measuring what Matters and Managing for Impact

  • October 19, 2016
  • News

In September, Anna Kanze participated in the second annual Measure What Matters Summit in San Francisco, California. Hosted by B Lab, the summit brought together nearly 70 attendees representing over 40 organizations from 5 countries to share experiences on the role…

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Linking Impact Measurement & Management Tools: Webinar on June 9th

The IRIS initiative, managed by the GIIN, and the Social Performance Task Force (SPTF) partnered to align and bring clarity to impact measurement tools, metrics, and methodologies. On June 9th, the GIIN is hosting a webinar to explain these partnerships and answer questions. Grassroots is participating to provide the investor perspective on how it has incorporated tools into its impact investment activities.

Webinar date and registration details are below.

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