Funding women entrepreneurs in MP

Rang De New Delhi, India April 23-25, 2014

Team Members: Tanvi Negi Email contact: tanvi@rangde.org

Monitoring and (Impact) Evaluation Methods

Needs Assessment

Process Evaluation

Impact Evaluation

Analysis of Beneficiary Needs

Analysis of Program

Implementation

Measures How Much the Program

Impacts Beneficiaries

1. Services being delivered?

2. Clients satisfied? 3. Services reaching

target population?

4. Can we improve cost-effectiveness?

1. Health of mothers and children improved?

2. Learning outcomes improved?

3. More people in jobs?

4. Less poverty?

1. Why are we doing the project? 2. Who is the target population? 3. Why do we think this approach will work in this context? 4. What else could we do?

Monitoring and (Impact) Evaluation Methods

Needs Assessment

Process Evaluation

Impact Evaluation

Analysis of Beneficiary Needs

Analysis of Program

Implementation

Measures How Much the Program

Impacts Beneficiaries

1. Services being delivered?

2. Clients satisfied? 3. Services reaching

target population?

4. Can we improve cost-effectiveness?

1. Health of mothers and children improved?

2. Learning outcomes improved?

3. More people in jobs?

4. Less poverty?

1. Why are we doing the project? 2. Who is the target population? 3. Why do we think this approach will work in this context? 4. What else could we do?

PROGRAM INTERMEDIATE

OUTCOMES IMPACT

Simplified Results Chain

Theory of Change

1. Program intervention summary A. Brief description of program activities and outputs: • India’s first online platform for crowd funding designed to provide low income

entrepreneurs and students with microloans at low interest rates

• Rang De works through field partners (typically small NGOs and MFIs) who identify borrowers. Rang De also supports partners by improving their systems and processes

• Rang De uses a combination of traditional and social media to attract individual social investors and corporations

A. Who is targeted? Be detailed on the number and target beneficiaries

• Low income households in India with verifiable loan repayment ability (at least 2 non-related individuals)

A. Where is it conducted? 8 states

A. When is it conducted? Since 2008

A. Name(s) of implementing organization(s)? Rang De (14 partner

organizations)

2. Intermediate outcomes and impacts

A. Summary of intermediate outcomes: (Examples: increased teacher efforts, health worker attendance, knowledge of service providers, more business start-ups, change in farm practices etc.)

– Improvement in internal processes as well as those of field partners

– # of borrowers adopting better financial practices

– # of first time borrowers funded

B. Summary of key impacts: (Examples: improved pupil learning, youth skills, child and maternal health, employment prospects, reduced poverty, etc.)

– Improvement in household income & productive assets for first time borrowers (BL, EL, qualitative interviews, focus group discussion, PPI)

– Children completing education

3. Summary: results chain

PROGRAM INTERMEDIATE

OUTCOME IMPACT What is the program about? Online crowd funding for low income borrowers Inputs: • Technology platform • Human resource (technology,

marketing, financial, impact, training)

Activities: • Outreach programme • Audit and verification of current

and potential field partners • Training of field partner Outputs: • Social investors added • NGOs tied up with

Impact indicators? Improvement in household

income Improved financial acumen Improved education levels Women entrepreneurs

Intermediate outcome indicators? # of first time borrowers

funded Capital raised Borrowers trained in

financial planning

4. Data collection: program indicators

A. List program indicators to be collected: – # of profiles uploaded/ borrowers funded within the stipulated time frame

– # of social investors/ investment amount per investor

– # of women given financial literacy training

– # of field staff members trained in process improvement

B. Method of data collection (e.g. electronic healthworker interviews, admin data, etc.): – Internal systems (Rang De’s financial and tech systems)

– Monthly progress report from field partners

– Monthly conference calls with field partners

– Quarterly Field Audits

C. Frequency of data collection: – Daily (investor stats, borrower stats)

– Weekly (dispersal and collection reports)

– Monthly (dispersal and collection reports)

D. Who will collect the data: – Rang De’s finance, tech team

– Field partners

4. Data collection: intermediate and impact indicators

A. List indicators to be collected:

– Estimated household income (reported as well as based on household assets)

– Improved household savings + financial/ growth planning for the future

– Key Performance Indicators of field partners and Rang De(disbursement, collection processes)

B. Method of data collection (e.g. electronic health worker interviews, admin data, etc.):

– Surveys, qualitative interviews with beneficiaries, observational data

– Qualitative interviews + tests

– Progress reports formats

– Field audits

C. Frequency of data collection

– Weekly, monthly, quarterly

D. Who will collect the data: Field partner, Rang De impact team

5. Impact evaluation design A. Research question: What is the incremental financial benefit that borrowers

derive from mentorship?

B. Describe the intervention in the (add treatment arms, if applicable):

Treatment: Received Rang De loan + mentorship

Control: Received Rang De loan only

C. Describe the sample size (e.g. 30 schools, 15 pupils each)

Treatment: 50 members from 10 SHGs involved in income generating activities + mentorship

Control: 50 members from 10 SHGs involved in similar income generating activities

D. Describe the program assignment rule: (e.g. random selection of schools)

Random selection of SHGs involved in similar income generating activities for treatment and control group served by the same NGO/ MFI

6. Communication of results

Key Message 1 (e.g. communicate program impacts on child health): A. What is the nature of the key message?

Micro loans can change lives

A. Who is the target audience?

Social investors & corporations, first time borrowers

A. What communication tools will you use (e.g. brief, video, blog etc.)

Social Media, blogs, videos, emailers, newsletter, pitches, meetings

Key Message 2: A. Ability to help others is not a function of your wallet size