During our due diligence at an MFI we use a tool to measure alignment with the Universal Standards of Social Performance Management. We used to work with a specific tool for Cordaid. This tool was a selection of questions used in the SPI4 (A tool developed by Cerise and SPTF to measure alignment with USSPM). In 2015 and 2016 Cordaid Investments and other investors decided to use the same tool (based on SPI4) that investors can use during their due diligence. This tool, ALINUS, was finalised in 2016. Cordaid Investments has started using this tool. Investment managers give additional comments on over-indebtedness and balanced return on this scorecard. The scorecard is part of our investment analysis.
Every two years the ALINUS tool needs to be updated. The tool therefore works as a monitoring tool as well.