Effectiveness Benchmarks for Financial Health Programs
Effectiveness benchmarks provide important insights that can help financial health programs enhance their impact and compare themselves to peers.
BY CHINENYE OKPARA
As the popular saying goes “if you don’t measure it, you can’t improve it”; this notion holds true for social programs. Benchmarking is an important aspect of measurement that enhances our understanding of the social impact sector. With different financial health programs tracking various indicators of success, these data points become more meaningful when pooled to create benchmarks, providing additional context for evaluating performance across programs.