Table 1 CERISE social audit tools.

From: A comprehensive framework for understanding microfinance performance evaluation methods

Tool

Use

Target clients

Main advantages

SPI4

Microfinance social audit

Microfinance institutions and other financial service providers

Aligned with USPM; SPI4 benchmark available

ALINUS

Microfinance social due diligence evaluation

Inclusive finance investors

Facilitates reporting and reduces data collection time; benchmarking of results

SBS

Social audit

Social enterprises

Analysis of the implementation practices of the social mission according to the 7P*

SBS light

Due diligence social audit

Impact investors

Sub-set of SBS; identifies and classifies SE according to the 7P

MetODD-SGD

Measure businesses’ contribution to the Sustainable Development Goals (SDGs)

Social enterprises and impact investors

Selection of operational indicators covering 73 targets for 16 of the 17 SDGs

IDIA

Fast evaluation of financial intermediary practices

Impact investors, foundations, networks, fund managers, donors

Evaluates impact investment strategies; identifies means to create real impact

  1. Source: (Cerise, 2022a). *7P is a set of seven categories for management benchmark practices: purpose, public, product, human resources policies, ethical principles, profits, partners.