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For three years, PRISMA Microfinance has been using the Progress out of Poverty Index (PPI) to help us reach and serve our poorest clients: rural women.
We began to implement the PPI as a pilot in 2008 in two of our branches, and thanks to that good experience, in 2009 we expanded its use to all of our offices. Our goal was to reach the poorest people, and to monitor if and how their poverty levels changed. To do this, in 2010 we surveyed a sample of customers who were new in 2009, and found that--in one year--2.6 percent of these clients had moved above the national poverty line.
The use of PPI has allowed us to focus our efforts on reaching our target clients (the poor and vulnerable), and explore strategies to improve our services and deepen our efforts to reduce poverty. For us, as a microfinance organization with a social heart, the implementation of the PPI confirms that as a tool it is standardized, valid, comprehensive and flexible.
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