Papers/Reports | July 23, 2018
TESTING THE PROGRESS OUT OF POVERTY INDEX
This summary covers the main results of the report titled "Testing the Progress Out of Poverty Index: Triangulation of the PPI® with Key Informant Wealth Ranking Exercises and SILC Financial Diaries Data," which addressed the following research questions:
- What poverty category do the majority of SILC group members come from?
- How did the PPI poverty likelihoods compare to the actual percent of households living below the poverty line?
- Were the assets mentioned in Zambia’s PPI Scorecard similar to those mentioned by the key informants?
EFI was a 4-year project whose core goal was to ensure that vulnerable households experienced greater financial inclusion to improve their resilience. To this end, EFI formed savings groups using CRS' Savings and Internal Lending Communities (SILC) and Private Service Provider (PSP) methodologies in Burkina Faso, Senegal, Uganda, and Zambia. The EFI project aimed to create 19,200 new SILC groups with 502,320 members and had targeted its areas of operation using financial exclusion criteria; criteria which may well stand as a strong proxy for poverty. To try to bring in poorer households, EFI made critical adjustments to the SILC methodology, known collectively as the "Pro-Poor Package" (PPP) and contrasted with "Normal" SILC programming. The PPP adjustments included, for example, training PSPs to identify and mobilize poor households, replacing a minimum savings with a "target" savings, removing fines for failure to save and reducing the pressure to take loans.
Other research reports related to this project are available here.