While it may be freezing outside in Chicago, things are heating up inside the FUND offices! Currently, the FUND team is busy kicking-off strategic projects with Annual Package clients. This year, in addition to strategic plans, market analyses and capitalization planning, many clients are focusing on an evaluation of their impact as a CDFI. For some clients, this means assessing their current data tracking systems and updating them accordingly. For others with more established impact tracking mechanisms, the FUND team will evaluate the data and create reports that can be shared with stakeholders.
As CDFIs, having reliable data on outcomes is becoming increasingly important with each year. Impact investors are seeking information on not only financial returns, but social outcomes of lending products and services. Additionally, many funders are requiring CDFIs to explain the methodology used to derive impact figures. The FUND team looks forward to working with clients to help address their impact measurement needs.
What systems does your organization have in place to track and report on impact?