The Microfinance Impact Genome Project The IGP is

The Microfinance Impact Genome Project™ The IGP is a comprehensive, evidence-based research project to codify the factors that drive social change. The IGP allows policymakers, funders, and practitioners to measure and predict the outcomes of social Science & Technology Education programs with greater precision and uniformity. 1 Codify Evidence Base 2 Standardize Data Disaster 3 Analyze Programs Critical Human Needs How it Works Relief Collect and Codify Evidence Derive Efficacy Factors • Digitize all RCTs, quasiexperimental studies, unpublished research, etc. • Code evidence by level of rigor, associated outcomes and enter into relational database • Conduct meta-analysis • Standardize outcomes • Derive, score and weight efficacy Healthfactors • Calculate effect sizes • Develop algorithm for calculating efficacy • Integrate practitioner feedback • Create program scorecards Arts • Determine benchmarks • Pilot test with practitioners International Development Microfinance Youth Development Sustainability & Environment [Social Performance Task Force Annual Meeting – Siem Reap, Cambodia] | [June 2015] © 2015 Mission Measurement Corp. Derive Benchmark Data 1 Culture & Identity

The Microfinance Impact Genome Project™ The Microfinance IGP is the first initiative of the broader Impact Genome Project. Science & Technology Education Disaster Relief Critical Human Needs Health Arts International Development Microfinance Youth Development Sustainability & Environment Culture & Identity [Social Performance Task Force Annual Meeting – Siem Reap, Cambodia] | [June 2015] © 2015 Mission Measurement Corp. 2

Microfinance CEO Working Group Outcomes Research n Review of 70+ studies n Focus on credit n Multiple methodologies n Included few meta-analyses INDICATORS Assets Education Income Well-being Health Business (non-farming) Experience with MF programs Fin literacy Poverty outreach Poverty status Empowerment Savings Food security Farming (business) Personal view of ec'c standing Shocks / coping mechs Nutrition Social capital Child growth 6 31 28 11 30 29 16 7 4 14 17 23 25 15 10 14 10 10 3 0 [Social Performance Task Force Annual Meeting – Siem Reap, Cambodia] | [June 2015] © 2015 Mission Measurement Corp. 3 5 10 15 20 25 30 35

Identifying Leading MF Outcomes Keywords: ~650 bibliographic entries 180 160 140 120 100 80 60 40 20 n Review of 650+ studies n Includes credit, savings, remittances, insurance n Includes many meta-analyses [Social Performance Task Force Annual Meeting – Siem Reap, Cambodia] | [June 2015] © 2015 Mission Measurement Corp. 4 e sil ie nc e ul ric Ag Re tu r IV H oc k Sh l ra ul tu ric rm Ag Fa oo th Sm e pr is En te r io n De cis ho ol Sc So cia l ve rty Co ns um pt io n Ex pe nd itu re Ed uc at io n Po Fo od s es sin Bu se t As Em po w er m en t th ea l H vi ng Sa In co m e 0

Keywords per Outcome Broad indicator Search terms Count Income poverty Income Consumption Expenditure Poverty Asset Total Food 127 46 37 43 50 303 48 Women’s empowerment Resilience Shock Smooth Saving Total Health HIV Total Social 1 6 11 64 81 56 5 61 20 Empowerment Decision Total Women Girl Education School Total Business Enterprise Total Farm Agriculture Agricultural Total 39 14 53 47 4 35 15 50 55 12 67 13 4 9 26 Food security Resilience Health Social capital Education Business development Agriculture development [Social Performance Task Force Annual Meeting – Siem Reap, Cambodia] | [June 2015] © 2015 Mission Measurement Corp. 5

Comparison of Outcomes IGP RESEARCH MCWG RESEARCH Income poverty 303 Income poverty 52 Resilience 81 Resilience 37 Business development 67 Education 31 Health 61 Health 30 Women’s empowerment 53 Business development 29 Education 50 Food security 25 Food security 48 Women’s empowerment 17 Agriculture development 26 Agriculture development 15 Social capital 20 Social capital 10 [Social Performance Task Force Annual Meeting – Siem Reap, Cambodia] | [June 2015] © 2015 Mission Measurement Corp. 6

Outcomes Framework Improved HH well-being Ø Financial growth, stability & security Skill building & investment Access to financial tools & training Ø Ø Ø Food security Ø Education access Ø Nutrition Ø Ø Health Other desired well-being measures Business creation / growth (sales, revenues, job creation, etc. ) Increase household economic well-being (income, consumption, expenditure, etc. ) Increase household resilience (efficient use of HH resources, assets, savings, insurance) Ø Develop financial, business and/ or life skills & knowledge Ø Increase social capital (esp through group financial products) Ø Increase business investment (assets, training, marketing, etc. ) Increase access to financial products & services (hard to reach populations, micro businesses) [Social Performance Task Force Annual Meeting – Siem Reap, Cambodia] | [June 2015] © 2015 Mission Measurement Corp. Ø 7

Target Outcomes INCREASE ECONOMIC WELL-BEING OF POOR HOUSEHOLDS Poor households: those living in bottom 40% below national or international poverty line BUILD RESILIENCE Definition: Substantial improvements in well-being that can be understood through direct measures of income or proxy measures of expenditure, consumption, poverty indices or food security. DEFINITION: Substantial decrease in use of severe or moderately severe coping strategies or successful use of savings, insurance and other strategies to handle unforeseen events, financial and otherwise. BUSINESS / ENTERPRISE GROWTH EMPLOYMENT CREATION Definition: Substantial increase in business turnover, profits, and/ or sales or time dedicated to owned enterprises. Definition: Creation of employment for adults (family and nonfamily members) or self-employment. WOMEN’S ECONOMIC EMPOWERMENT OTHER OUTCOMES (TIER II) Definition: An increase in women’s ability to contribute financially to their household or household enterprise and/ or to make decisions regarding the use of household or enterprise resources. INCREASE FINANCIAL CAPABILITY ECONOMIC EMPOWERMENT FOR [EXCLUDED POPULATION] INCREASE FOOD SECURITY [Social Performance Task Force Annual Meeting – Siem Reap, Cambodia] | [June 2015] © 2015 Mission Measurement Corp. 8 INCREASE HEALTH {} INCREASE CHILDREN’S /YOUTH ACCESS TO EDUCATION

Indicators – Business Growth access to agricultural inputs access to credit access to financing and technical assistance agricultural income agriculture animal husbandry appliances asset ownership asset structure assets business and household income business capital business confidence business creation business development business diversification business expansion business growth business income business inventory business investments business maintenance business outcomes Business Performance business productivity business profits business registration business revenue and assets business skills capital accumulation child labor community wealth consumption control over resources credit crop diversification durables and temptation consumption earnings economic and microenterprise outcomes economic capacity Economic security economic well-being education efficiency employment opportunities employment status empowerment enterprise benefits enterprise development enterprise establishment enterprise expansion enterprise income enterprise stability entrepreneurial activity entrepreneurship capacity expenditure per capita expenditures on food farmer decision to export or sell locally feeling of preparedness female education financial resources financial skills financial vulnerability food expenditure food security formal operations Formalism home improvements household assets household benefits household consumption household economic security household economies household improvement household income household savings household welfare household well-being housing Improve agricultural practices Improve business outcomes Improve business processes and knowledge Improve household health Improve WASH practices income generating activities income smoothing income sources incomes independence individual wealth interest costs investment in assets investment in education investments job creation jobs knowledge labor supply leadership loan size long-run business development management of cash flow microenterprise [Social Performance Task Force Annual Meeting – Siem Reap, Cambodia] | [June 2015] © 2015 Mission Measurement Corp. 9 microenterprise recovery Categories revenue Makingmicroenterprise More $ microentrepreneurship money management new business non-farm self-employment number of business owners number of employees occupational choice output paid employment skills. Sub-categories training small business profit and investment Assets small enterprise employment social Income social status standard Profitof living. start business technical skills Revenue total expenditure Sales total income Consumption village spillover effects Expenditures performance Vulnerability personal savings well-being poverty women's activity Productivity to Improve Business) Access poverty(Activities rates women's assets Business Creation/Growth Poverty reduction women's business production efficiency women's control over assets Performance/Efficiency productive asset investments women's decision making Inventory productive assets women's empowerment Investment productivity women's enterprise development Skills/Training productivity and business growth women's entrepreneurship Employment profit women's independence profits women's labor supply providers business skills women's in decision making Risk Management Risk participation Management revenue working capital sales Savings sales revenue Intrinsicsatisfaction Intrinsic savings Miscellaneous savings mobilization Health scale of women's income generating Agriculture Productivity activities self confidence Making More $ self esteem Femaleself-employment Intrinsic (empowerment? ) self-employment income Education self-esteem Making More $ short-run business outcomes Productivity