Social impact measurement MAY 2017

Transcription

1 Social impact measurement MAY 2017

2 1 Methodology index 4 conclusions 2 results 3 Social impact Data refer to the research analysis period:

3 Chart of the methodological steps IMPRESE 1.Methodology Ad hoc methodology Screening of existing measurement tools sia + value chain data permicro Collection Analysis Value Chain Definition Indicators Definition Indicators calculation survey Definition Supply Analysis outputs + outcomes MULTIPLIERS Multipliers definition Impact measurement impact 3

4 PerMicro: social impact measurement IMPRESE families Pedro, foodtruck, Milan entreprises Data refer to the research analysis period: Rosalie, babysitter, Turin in collaboration with con politecnico di milano 1863 e tiresia 4

5 Social impact measurement of enterprises

6 SoCIAl IMpACt MeASureMent enterprises microcredits to enterprises 2. results microcredits to enterprises x = average amount DiSburSeD to enterprises total amount DiSburSeD to enterprises financed entrepreneurs ZorYAnA, pastry Shop, naples CrIStInA, IronIng Shop, istrana (tv) In CollAborAtIon with Con politecnico di MIlAno 1863 e tiresia 6

7 ENTERPRISES TRAINING TO ENTREPRENEURS AND MONITORING 2. results UP TO YOUTH COURSES, PERMICROLAB 428 entrepreneurs were supported by a mentor 313 business projects were evaluated 146 supported entrepreneurs 7 PerMicroLab training projects aimed at entrepreneurs HOURS OF TRAINING ON BUSINESS PLAN IN PERMICRO BRANCHES 7

8 ENTERPRISES CREDIT ACCESS AND PROFESSIONAL GROWTH 2. results After the financing received by PerMicro 30% of entrepreneurs acquired new skills 44% OF ENTREPRENEURS IMPROVED THEIR JOB SITUATION/POSITION MAGDA, MARBLE GRANITE HANDCRAFTS, CATANIA 50% of entrepreneurs had access to traditional banking system 20% imprenditori of CON entrepreneurs reddito maggiore expanded their di 608 network /mese mediamente 23% of entrepreneurs improved their relationship with traditional banks 30% of entrepreneurs feels more self-confident than before 8

9 ENTERPRISES GROWTH OF the ENTREPRENEUR S WELFARE 2. results 96% OF ENTREPRENEURS SATISFIED THEIR NEED 83% of entrepreneurs have enhanced their skills 74% are completely satisfied After the financing received by PerMicro Giulio, mountain guide, Tuscany 52% OF ENTREPRENEURS HAVE AN AVERAGE INCOME HIGHER THAN 608 /MONTH 56% of entrepreneurs improved their quality of life 9

10 ENTERPRISES Social impact measurement JOBS CREATION AND STRENGTHENING EMPLOYMENT IMPRESE 2. Results After the financing received by PerMicro 31% are women workers have kept their jobs in the enterprise 54% are young people On average one over two enterprises hired a person, of which: 33% are migrants 44% were unemployed 85% of the new people hired, improved their contractual terms 10

11 ENTERPRISES CONSOLIDATION OF BUSINESS 2. Results After the financing received by PerMicro 88% of entrepreneurs expect a positive development of their business 81% of financed enterprises are still existing 71% of existing companies increased their revenues 65% of financed entrepreneurs managed to launch a start-up Claudio, tattooer and piercer, Milan 11

12 ENTERPRISES SOCIAL WELFARE ENHANCEMENT AND INCREASE OF FINANCIAL INCLUSION 3.Social impact out of out of entrepreneurs who have improved their quality of life entrepreneurs who were not bankable and had access to credit through traditional channels 12

13 famiglia ENTERPRISES IMPACT ON PUBLIC WELFARE 3.Social impact matteo, pub, milan GOVERNMENTAL REVENUES INCREASE serge, mentor permicrolab PUBLIC EXPENDITURE SAVINGS reduction of financial aids reduction of administrative costs 13

14 Social impact measurement of families

15 FAMILIES MICROCREDITS TO FAMILIES 2.results microcredits to families X = average amount disbursed to families total amount disbursed to families financed people 15

16 FAMILIES MICROCREDITS TO FAMILIES: PURPOSES 2.results of which people received a microcredit for housing purposes financed people of which 988 people received a microcredit for family expenditures 60% FEMALE CUSTOMERS people received a microcredit for personal car/van/motorbike people received a microcredit for medical expenditures people RECEIVED A MICROCREDIT FOR OTHER PURPOSES 16

17 FAMILIES WOMAN EMPOWERMENT 2.results 60% of PerMicro loan seekers is represented by women and the majority of them are MIGRANTS 12% of PerMicro loan seekers is represented by young women under 35. Half of them has more than one child. 17

18 FAMILIES EDUCATION TO FAMILIES 2.results microcrediti erogati alle imprese 5 PerMicroLab training projects with a family target ammontare medio dei prestiti alle imprese ammontare dei prestiti alle imprese 18

19 FAMILIES HOUSING AND MEDICAL CARE After the financing received by PerMicro 2.results people solved THEIR housing need 90% out of the total respondents for this need PEOPLE HAD ACCESS TO MEDICAL CARE % 98% VINCENZO, OYSTER TASTING, NAPLES people no longer live in a situation of housing deprivation out of total applicants who were living in this situation when requesting the loan out of total applicants with this purpose in collaborazione con politecnico di milano 1863 e tiresia 19

20 FAMILIES MEANS OF TRANSPORTATION AND FAMILY NEEDS After the financing received by PerMicro 2.results % 975 people bought THEIR own means of transportation OUT OF THE TOTAL RESPONDENTS FOR THIS NEED people managed to pay their family s expenses 196 people now using their own means of transportation, while before the loan they did not 38% out of total applicants for means of transportation 96% out of the total applicants for this purpose in collabortion with politecnico di milano 1863 and tiresia 20

21 FAMILIES ECONOMIC DIFFICULTY AND FINANCIAL INCLUSION After the financing received by PerMicro 2.results Subjective assessment of economic difficulty: Gabriele, cobbles mosaicist, Genoa Financial inclusion: 13% 37% % OF PEOPLE CAN GET THROUGH THE MONTH WITHOUT DIFFICULTY OUT OF THE TOTAL APPLICANTS FOR THIS PURPOSE of people no longer live in conditions of severe material deprivation as previously declared people had access to traditional funding of people improved their relationship with banks in collaborazione con politecnico di milano 1863 e tiresia 21

22 FAMILIES POVERTY REDUCTION 2.results 166 people NO LONGER LIVE BELOW THE POVERTY LINE THANKS TO PERMICRO S LOAN 3% of people no longer live below the poverty line on the total of applicants with family expenditures purpose THANKS TO PERMICRO S LOAN poverty reduction 233 people no longer live in conditions of severe material deprivation THANKS TO PERMICRO S LOAN 37% of people no longer live in conditions of severe material deprivation on the total of applicants who previously did Manukafashion items, African-Italian tailoring cooperative, Rome 22

23 families ACCESS TO CREDIT 3.social impact 39% has REQUESTED a loan to a traditional bank after the loan received by PerMicro of which After the loan received by PerMicro 80% OBTAINED THE LOAN of which 58% coumba, HAIRDRESSER, Milan DECLARED IT WAS POSSIBLE THANKS TO PERMICRO S INFLUENCE 23

24 families POVERTY LINE AND INCREASE OF ECONOMIC INCLUSION 3.social impact 5% CROSSED OVER THE POVERTY LINE 70% reported that the microcredit had a positive effect on their economic welfare For each subject has been calculated the positioning compared with poverty line, in accordance with family unit and geographic localisation 24

25 families ADDITIONAL REVENUES FOR THE GOVERNMENT 3.social impact Amount IRPEF revenue Amount of fiscal revenue caused by consumption increasing Alice and Anita, booksellers, Milan 25

26 families IMPROVED SOCIAL AND FINANCIAL INCLUSION 3.social impact 81% have satisfied the need for which they REQUESTED a loan people were not bankable But, after the loan, they had access to the traditional credit channels Claudio, fishmonger, Genoa 26

27 Summarising Who we are IMPRESE 4.Conclusions PerMicro is the first Italian company specialised in offering microcredit to people who do not have access to traditional credit channels because of insufficient credit history or precarious working position. The project conducted by Tiresia research group aims to develop an ad hoc methodology to measure the social impact generated by PerMicro activities. This methodology allowed us to establish effects and benefits generated by the organization on direct beneficiaries and community in the long period. 27

28 Summarising THE METHODOLOGY IMPRESE 4.Conclusions The methodology was developed in three steps: 1) the analysis of existing approaches and tools related to performance and impact measurement of social entrepreneurship organizations; 2) the evaluation and selection of existing instruments in answer to the needs and peculiarities of PerMicro; 3) the implementation of the chosen tools to design an ad hoc methodology to measure PerMicro s social impact. In conclusion, the methodology was applied to test its feasibility and efficacy and to measure and quantify the social impact generated by PerMicro. 28

29 Summarising our impact IMPRESE 4.Conclusions Here we summarize the calculated impact, thanks to the analysis and the implementation of the ad hoc measurement methodology. One of the most significant results is definitely the impact generated on those people who, before receiving a loan from PerMicro, had no access to credit through traditional channels. In almost 6 years, more than 500 entrepreneurs and families changed their status from non-bankable to bankable. Among the impacts on public administration, we underline the reduction of public expenditure of around 3 million euro per year and the increase of governmental income that is around 12 million euro per year, thanks to microcredits to enterprises. Whereas the increase of governmental income due to family microcredits reaches around 5 million euro in six years. In conclusion, it is fundamental to underline the benefits which are generated for entrepreneurs and families in terms of outcomes, ranging from the generation of new jobs, to business growth, to access to medical care, and reduction in the number of families living below the poverty line. 29

30 THANK YOU IMPRESE The research was carried out by professors and researchers from the Centro Tiresia of the Politecnico di Milano: Irene Bengo, Mario Calderini, Debora Caloni. Thanks to prof. Giuseppe Scellato from the Politecnico di Torino for collaborating in the research and thanks to the master s degree candidates of the Politecnico di Milano and the Politecnico di Torino who have contributed to the research. graphic design: Valentina Moccia Icons by: 30