At SPARK we value regular and ongoing evaluation of our projects. By measuring our results through ‘indicators’, we are able to collect data to determine the efficiency and sustainability of a project, and the direct effects our activities are having in each SPARK region.
We have defined the indicators in such a way that they allow us to measure common results and aggregate them across projects. SPARK indicators are measured and updated biannually. The indicators are measured regularly with our partners and based on project documentation and records.
SPARK’s homepage highlights the results at the outcome level, providing an overview of the targets we are trying to achieve overall.
We use the following definitions for our key performance indicators:
Registered businesses our projects directly help, including both new startups, and existing businesses that grow in turnover.
Jobs created are counted if they are in the businesses we support, but also if our target groups find employment in other businesses or choose to be in business informally. A job follows the ILO definition as contained in the DCED standard: full-time equivalent, taken over one year (240 days/year); may be seasonal, paid in kind etc, but does not include unpaid family labour.
We aim to provide value-for-money indication of our work, by dividing the cost of a project –including project management costs but excluding some other costs that do not directly reach the target groups- by the number of jobs created by a project.
We measure the percentage of the businesses we have supported from startup, that remain in business for at least 3 years. The measurement is defined as showing annual turnover for that period.