New framework for CDFIs

The Community Development Finance Association is consulting on a new performance framework for community development finance institutions.

The umbrella body's new Change Matters framework will bring independent assessment of the financial strength of institutions, their governance and community benefit they provide.

The association hopes the information gathered can be used to improve performance at individual institutions, to build up a picture of the sector's performance as a whole and to develop benchmarks for best practice.

"We know that CDFIs are making a real difference to some of our most vulnerable and deprived communities," said Bernie Morgan, chief executive of the CDFA. "Change Matters gives us a chance to demonstrate to a wider audience just how effective they are, while helping CDFIs to measure and improve their own performance."

The consultation is now available on the CDFA's website. Replies should be received by 31 October.

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