Promoting Inclusive Markets and Financial Systems
The MasterCard Foundation works with visionary organizations to provide greater access to education, skills training and financial services for people living in poverty, primarily in Africa. As one of the largest private foundations its work is guided by its mission to advance learning and promote financial inclusion to create an inclusive and equitable world. Based in Toronto, Canada, its independence was established by Mastercard when the Foundation was created in 2006. For more information and to sign up for the Foundation’s newsletter, please visit www.mastercardfdn.org. Follow the Foundation at @MastercardFdn on Twitter.
In line with its commitment to implementing programs that are both evidence- based and evidence generating, the IRC is carrying out a rigorous impact evaluation with a randomized control trial1 to assess the impact of VSLA activities and the added impact of the Healing Families and Communities discussion series on:
- Spending on children’s education, health, nutrition and clothing;
- Children’s education, health, nutrition and wellbeing;
- Parents attitudes towards discipline and their ability to protect their children from violence, abuse and exploitation; and
- Children’s participation.
The impact evaluation has four primary components: a baseline assessment, program monitoring through quarterly quantitative surveys, a midterm impact evaluation, and a final impact evaluation. In each phase of the evaluation process, data is collected from children (with parental consent) and adults using quantitative surveys. The children’s questionnaire includes questions about:
- Parental treatment and punishment,
- Family functioning, and
- Psychosocial wellbeing.
The results of the first quarterly monitoring survey reveal that after just three months, the “Urwaruka Rushasha” (New Generation) project is already having a positive impact on lives of children:
- The percentage of all respondents who reported having yelled or screamed at their child in the month preceding the survey decreased from 64.2% to 55.6%.
- The percentage of all respondents who reported having shaken their child during the last month decreased from 28.4% to 8.6%.
- The percentage of respondents who reported having hit or slapped their child with their bare hand dropped from 25.9% to 16 %.
- Respondents in both VSLA and VSLA+ groups reported a statistically significant increase in the wellbeing of their children.