Monitoring & Evaluation

Exit Results After Our One-Year Program

Randomized Controlled Trials

Randomized controlled trials (RCTs) conducted by an independent, third party, allow Village Enterprise to make sure we are accurately measuring our results and having the greatest possible impact on the lives of our participants.

Past RCTs

In 2018, Innovations for Poverty Action (IPA) completed a largescale, independent RCT over three years, which examined the effectiveness of the Village Enterprise program in Uganda. The results were very positive and found that Village Enterprise’s program to be the most cost-effective and impactful graduation program.


ID Insight is currently conducting an RCT specifically focused on Village Enterprise’s Development Impact Bond (DIB), the first of its kind focused on poverty alleviation in sub-Saharan Africa, and its impact in Kenya and Uganda

External research and validation

Besides Village Enterprise’s multiple RCTs, several other organizations have examined Village Enterprise’s program and impact and validated our model.

Impact Matters

Village Enterprise earned the top rating from independent nonprofit rating agency ImpactMatters, in recognition of our high cost-effectiveness and positive, sustainable impact on the lives of our business owners and their families. Village Enterprise has also been named one of its Top Poverty Nonprofits in 2020.

Founded by Dean Karlan and the prestigious development research organization Innovations for Poverty Action, ImpactMatters sets out to help donors identify high-impact nonprofits by launching a donor-facing site that issues independent ratings of the social impact of over 1000 nonprofits.

Founders Pledge logo

Founders Pledge

Founders Pledge recently endorsed Village Enterprise as a top charity for women’s empowerment. Founders Pledge is an organization through which company founders and investors commit to donate a percentage of their personal proceeds to a charity following a successful exit. Village Enterprise was selected as one of the final four after an extensive investigation of 163 women’s empowerment charities. According to the Founders Pledge’s report, “Village Enterprise excels at improving the lives of women, and has strong 3rd party evidence that its model is an effective way of addressing extreme poverty… In addition, Village Enterprise is primed to scale and could productively use up to $28M in additional funding over the next three years.”

Internal monitoring and evaluation

Village Enterprise conducts regular thorough monitoring of our methods and the people who participate in our Graduation program. We use adaptive management techniques to constantly improve our Graduation program and maximize the benefits and impact on the lives of our business owners. Learn more about our adaptive management techniques.