L’impact social : benign neglect ou face cachée de la finance entrepreneuriale ?. « Entrepreneurs sociaux… Couvrez cet impact que la finance ne saurait voir ! »

While international aid funding exceeds $150 billion annually, its impact on recipient populations remains uncertain. Moreover, studies on aid given to microfinance institutions suggest that the provision of grants does not necessarily lead to a good performance. This case study shows that the evaluations of development projects mainly assess the operational and financial implementation of planned activities, without taking into account the impact of these activities on vulnerable populations. While the recommendations of the Social Performance Task Force emphasize the quality of governance and the social responsibility of microfinance institutions, they do not take into account the economic and social impact on beneficiaries. This is consequently the dark side of international aid funding.