About the Social Audit Report
The social audit was conducted to assess our Social Performance Management (SPM) using the universally established SPI4 assessment methodology. This audit was conducted by CERISE- a French non-profit that has pioneered the use of SPM for delivering ethical finance.
The Social Performance Management Report of Aye Finance provides an in-depth analysis of Aye’s internal processes and policies as well as a baseline report on impact study of Aye loans on its customers’ businesses and their lives. On the SPI4 audit, Aye has scored 82% while the average audit score of 272 organizations, as per CERISE database, is 64%. On each of the 6 dimensions of the Universal Standards of Social Performance Management (USSPM), Aye’s score is higher than the average benchmark. Aye’s score of 100% on the dimension “Balance social and financial performance” reflects Aye’s double bottom line focus, ensuring sustainability (financial performance) to be able to continue serving MSMEs and creating benefits in the business owners’ lives (social performance).