000			02149cam a2200229 4500500
005			20250413012902.0
041			_afre
042			_adc
100	1	0	_aWeber, Olaf _eauthor
700	1	0	_a Weber, Olaf _eauthor
245	0	0	_aImpact measurement in microfinance: Is the measurement of the social return on investment an innovation in microfinance?
260			_c2013.
500			_a12
520			_aWhat is the impact of microfinance and how can it be measured? This paper analyzes the current status of microfinance and methods that are used to analyze its outreach and its impact. Especially on the background of the discussion about a mission drift in microfinance away from a poverty alleviation concept to a financial system approach the impact indicators of microfinance are discussed. So far, many methods measure the output of microfinance rather than the outcome. An analysis of the current mission of the 50 biggest microfinance institutions will be presented that shows that their missions are much more diverse than poverty alleviation or the financial system approach and that it is not possible to connect missions of microfinance institutions with their outreach. Based on this analysis the concept of Social Return on Investment (SROI) and social cost-benefit calculation will be discussed as methods to assess the impact of microfinance. We apply the methods in an exemplary way to demonstrate how they could be used. Based on this analysis we conclude that outcome-based approaches are better suited to measure the impact and outreach of microfinance but that they need much higher efforts because necessary data has to be assessed and useful indicators have to be developed.JEL Codes: A13, C18, C83, D61, G20
690			_aallocative efficiency
690			_acost-benefit analysis
690			_amethodological issues
690			_arelation of economics to social values
690			_asurvey methods
786	0		_nJournal of Innovation Economics & Management | 11 | 1 | 2013-03-01 | p. 149-171
856	4	1	_uhttps://shs.cairn.info/revue-journal-of-innovation-economics-2013-1-page-149?lang=en&redirect-ssocas=7080
999			_c1106660 _d1106660