AFI PERFORMANCE INDICATORS
Focus on 1.B: IDAs Opened
The Performance Measurement Initiative has developed a set of performance outcomes and performance indicators to help better manage the IDA program and tell the AFI story to program partners and the public. The series of 25 performance indicators are tied to four key activities undertaken.
- Effective Participant Recruitment and Management of IDA Savings/Withdrawals and Purchases
- Effective Participant Training and Counseling
- Timely, Responsive Awarding of Grants and Effective Grantee Support
- Timely, Accurate Program Reporting and Monitoring
INDICATOR DEFINITION –
1.B.i The number of IDAs opened.
Annual AFI Data Report source: Question D.5: As of the end of the reporting period, the total number of individuals who had opened an AFI IDA account.
1.B.ii The number of people on the AFI project’s waiting list.
Annual AFI Data Report source: OCS does not currently collect this information. The New AFI2 will enable grantees to collect this data.
1.B.i
TARGET FORMULA –
| Formula | Average Grantee Result | Best Practice Grantee Result | Target for End of Project Period |
|---|---|---|---|
| the target for participants who achieved their overall asset purchase (1.A) x the ratio of the number of clients opening an account to the number closing an account | 1.A x 2.5 | 1.A x 2.2 | 1.A x 2.35 (2.35 is the midpoint between average and best practice grantees) |
EXAMPLES –
| Grantee with a $100,000 AFI grant | $1,000 Match 72 x 2.35 = 169.2 |
$2,000 Match 43 x 2.35 = 101.5 |
| Grantee with a $200,000 AFI grant | $1,000 Match 145 x 2.35 = 340.75 |
$2,000 Match 85 x 2.35 = 199.75 |
| Grantee with a $300,000 AFI grant | $1,000 Match 217 x 2.35 = 509.95 |
$2,000 Match 128 x 2.35 = 300.8 |
| Grantee with a $500,000 AFI grant | $1,000 Match 361 x 2.35 = 848.35 |
$2,000 Match 213 x 2.35 = 500.55 |
