Independent analyses found participants earned up to $34 in net revenue for every dollar TechnoServe spent on projects

Washington, D.C. — International development nonprofit TechnoServe’s programs help farmers and entrepreneurs earn thousands of dollars of additional income, according to impact audits published last week by ImpactMatters. Using data collected by independent evaluation firms and program staff, research analysts from ImpactMatters reviewed four TechnoServe projects:

ImpactMatters is an independent nonprofit organization dedicated to helping organizations and donors understand whether programs are fulfilling the organizations’ missions. It was incubated by Innovations for Poverty Action and is led by Dean Karlan and Elijah Goldberg. TechnoServe was among the first organizations to submit its projects to an audit by ImpactMatters, which also provided advice on how to further improve TechnoServe’s data quality and develop alternative success metrics.

“TechnoServe’s projects are designed to deliver transformative impact in a cost-effective manner, and we are happy that ImpactMatter’s evaluation confirms that they achieve that goal,” said Will Warshauer, CEO and president of TechnoServe.

##

ABOUT TECHNOSERVE
TechnoServe is a leader in harnessing the power of the private sector to help people lift themselves out of poverty. A nonprofit organization operating in 30 countries, we work with enterprising men and women in the developing world to build competitive farms, businesses and industries. By linking people to information, capital and markets, we have helped millions to create lasting prosperity for their families and communities. TechnoServe has earned a 4-star rating from independent evaluator Charity Navigator for the last 11 years, placing us in the top 1 percent of all its rated nonprofits.

With nearly 50 years of proven results, TechnoServe believes in the power of private enterprise to transform lives.

N/A