Sinzer recently announced a formal Data Partnership with the Global Value Exchange (GVE). In order to inform you of the GVE’s data and how your organisation can use this, we are presenting a series of blogs with more detailed information about the data sources GVE uses to extract outcomes, indicators and valuations from. This week we highlight the Progress out of Poverty Index™ (PPI), from which 600 poverty indicators have been added to the GVE database. As a result of our data partnership with the GVE, these 600 poverty indicators are now available on the Sinzer platform!
What is the GVE and how does it link with Sinzer?
The Global Value Exchange (GVE) database is an open source database that contains outcomes, indicators and valuation proxies from a number of sources, which can be browsed freely and used in your organisation’s impact measurement. The GVE thus provides a free platform for information to be shared enabling greater consistency and transparency in measuring social & environmental values. Since Sinzer has recently become an official data partner of the GVE, all GVE data is now available in the Sinzer software platform for impact measurement, and can be added to impact analyses made with our software tool.
What is the PPI?
The Progress out of Poverty index is a measurement tool which provides a statistically sound technique of poverty measurement, by estimating a household’s likelihood of falling below national and international poverty lines. It uses sets of 10 simple questions which cover a range of household characteristics such as levels of education, sector of employment, and material possessions. The questions are easy to answer and designed in such a way that a household member can answer in 5 to 10 minutes. The questions are simple – “What material is your roof made out of? How many of your children are in school?”
What makes these indicators even more exciting, is that they are country specific, thereby comparing a particular household to the country context. The 600 poverty indicators, which are now available on the Sinzer platform, cover the 55 countries that are home to 90% of the people surviving on $1.25/day globally.
Who can use the PPI?
With the PPI, organizations can identify the clients, customers, or employees who are most likely to be poor or vulnerable to poverty, integrating objective poverty data into their assessments and strategic decision-making.
For more information on the Progress out of Poverty Index™, click here.
Are you interested to see how you can use these indicators in the Sinzer platform? Request a free demo here.