Requirements

The following table outlines the Performance and Verification Requirements by Truelift Milestone.

Truelift Milestones

Description

Performance Requirements

Verification Requirements

Stating Commitment

The starting point is Stating Commitment to serve people living in poverty. By joining the Truelift Community of Practice, an MFI shows its commitment to serving poor people. By Stating Commitment, the MFI confirms that its objectives include outreach to poor people, provision of products and services that meet the needs of poor people, and tracking progress of poor clients over time.
  • None
  • Registration in the Community of Practice, confirmed by the Truelift Secretariat

Aspirant

After joining the Truelift Community of Practice, an MFI completes a Truelift Indicators tool in order to diagnose its strengths and weaknesses as a pro-poor institution. At this point, the MFI becomes a Truelift Aspirant. Aspirants are expected to actively participate in the Community of Practice
  • Objectives include outreach to the poor and tracking outcomes for these clients over time.
  • Participation in the Community of Practice at SPTF as forum for learning and sharing good practice among members.
  • Commitment to apply the Pro-Poor Principles and to complete an Indicators Tool.
  • Indicators Tool, submitted to the Truelift Secretariat

Emerging

To reach the Truelift Emerging Practitioner, practitioners will demonstrate transparency on sustainability, responsible financial performance, CPP and USSPM – and will demonstrate reasonable performance and a minimum appropriate score within the three Pro-Poor Principles.Emerging Practitioners are expected to actively contribute to the Community of Practice. Meets four of the following six categories, with intent on the others:

  • Sustainability and responsible financial performance
  • Compliance with Client Protection Principles
  • Compliance with the Universal Standards for Social Performance Management
  • Pro-Poor Principle 1: Outreach
  • Pro-Poor Principle 2: Services
  • Pro-Poor Principle 3: Tracking
  • Verification of Indicators Tool by approved third-party entity
  • Reporting to MIX Market on financial and social performance

Achiever

Truelift Achievers will demonstrate transparency and meet an appropriate level of compliance with the qualifying standards for financial performance, sustainability, CPP, and USSPM – providing evidence that has been verified by a third party. In addition, the Achievers will demonstrate good performance across the three Pro-Poor Principles.Achievers are expected to actively share good practices with the Community of Practice in order to help others improve.
  • Sufficiently meets qualifying standards relating to:
    • Sustainability and responsible financial performance
    • Client Protection Principles
    • Universal Standards for Social Performance Management
  • Good performance and a minimum appropriate score in:
    • Pro-Poor Principle 1: Outreach
    • Pro-Poor Principle 2: Services
    • Pro-Poor Principle 3: Tracking
  • Social Rating with Truelift add-on
  • Smart Assessment or the equivalent

Leader

Truelift Leaders, recipients of the Pro-Poor Seal of Excellence, fully meet the qualifying standards, including sustainability, responsible financial performance, CPP and USSPM, and show strength in each of the three Pro-Poor Principles. Leaders show evidence validated by one of the participating specialist rating agencies and have earned Smart Certification.Leaders are expected to actively participate in the Community of Practice as mentors to other pro-poor members.
  • Fully meets qualifying standards relating to:
    • Sustainability and responsible financial performance
    • Client Protection Principles
    • Universal Standards for Social Performance Management
  • Excels in all three of the Pro-Poor Principles and achieves minimum appropriate score on assessment scorecard
    • Pro-Poor Principle 1: Outreach
    • Pro-Poor Principle 2: Services
    • Pro-Poor Principle 3: Tracking
  • Social Rating with Truelift add-on
  • Smart Certification
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One thought on “Requirements

  1. Pingback: What is the Pro-Poor Seal of Excellence? | Truelift

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