The question of impact assessment is one that continues to plague microcredit practitioners. Some contend that existing impact assessment studies are meaningless, while others maintain they are absolutely necessary. The authors of this paper advocate a renewed focus on the transformation of clients and their communities, as well as a new impact assessment model to support and document this focus. They outline the key principles for conducting impact audits that include measurement of transformation among clients. They also review a series of practitioner-oriented impact assessment tools and outline future challenges for practitioners, donors, and academics in improving performance through impact assessment.
Journal of Microfinance
Issue and Volume
BYU ScholarsArchive Citation
Cheston, Susy and Reed, Larry
"Measuring Transformation: Assessing and Improving the Impact of Microcredit,"
Journal of Microfinance / ESR Review: Vol. 1
, Article 3.
Available at: http://scholarsarchive.byu.edu/esr/vol1/iss1/3