The Microcredit Summit Campaign joined with other organizations reducing poverty to form a process for recognizing and learning from organizations that can verify that they are reaching those living in poverty and are tracking the ongoing results of their work in the lives of their clients. This initiative goes by the name of Truelift (formerly the Seal of Excellence).
Truelift is a global initiative to promote accountability in pro-poor development and social business. It recognizes those practitioner institutions that are doing the most to reach people living in poverty and to create positive and enduring change in their lives. Truelift will collect and share effective practices of these practitioners and, in so doing, will promote a learning community of practitioners, networks, donors, investors, policymakers, regulators, researchers, and others who want to see measurable progress for poor families. All stakeholders stand to benefit by being able to identify and learn from those that are acting in the service of clients experiencing the conditions of poverty.
Truelift represents the first major initiative to focus on client outcomes and is complementary to the efforts of Smart Campaign, SPTF, MIX Market, and others working on accountability in the industry. The goal is to set a vision for the sector that prioritizes effective poverty outreach and quality data collection and analysis. Through its focus on successful models, Truelift defines pathways to better outcomes.
The Truelift framework creates accountability and credibility, focuses on the importance of learning and measuring outcomes, promotes the adoption of new practices, and facilitates the replication of scalable innovations across a large number of service providers.
In 2013 Truelift recognized the “Truelift Milestone Institutions”. These MFIs have made measurable progress toward positive client outcomes, as measured along Truelift’s Pro-Poor Principles framework, proving that microfinance is fully capable of creating positive and enduring change for people living in poverty. These MFIs set an example for other institutions in the Poverty-focused Community of Practice for how institutions can 1) conduct purposeful outreach to people living in poverty, 2) provide services that meet the needs of people living in poverty, and 3) track the progress of people living in poverty.
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Table of Contents
- Executive Summary
- Taking Steps to Target the Poorest
- A Global Context for Extreme Poverty
- Microfinance & Health Providers Can Partner for Greater Results
- Commercial & Social Businesses Can Expand Value Chains to Include Those in Poverty
- Mobile Network Operators Can Build Systems that Reach the Poorest and Most Remote
- Regulators & Policymakers Can Build a National Ecosystem for Inclusion
- Social Support Payments Can Become a Bridge to Financial Inclusion
- Being Accountable for Results
- A Commitment to End Extreme Poverty by 2030
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