Below please find guidelines to help as you prepare the budget for your SPI4 Social Audit Plus
Types of Costs Associated with the SPI4 Social Audit
The level of effort for the SPI4 auditor will depend on your institution’s experience with SPM, size, objectives, etc. The following breakdown is indicative:
5-8 days for the SPI4 auditor to do the SPI4 social audit (1 for prep, 3-5 to conduct the audit, 1-2 for action planning). Note that it is your responsibility to ask the specific auditor you propose to hire for his/her daily rate. You will use that rate in your budget. If the auditor is not local, you may need to include travel time (1-2 days).
Travel costs for the auditor
Lodging for the auditor (if not local)
Per diem expenses for the auditor (if not local)
Number of days for each of the employees of your institution who will participate in this process (the primary person may spend up to 5 days, other staff 1 day each to participate in an introductory meeting, interviews and results discussion)
NB: You may use the salary of your employees to estimate a daily rate.
Examples of Types of Costs That May Be Included in a Budget for the "Plus" part of an SPI4 Social Audit Plus
3-6 days for the SPI4 auditor who will work on the project (ex., for the on-site awareness raising or extra preparation in the case of a large FI, for on-site or off-site mentoring post-audit).
Lodging for SPI4 auditor
Per diem expenses for the auditor
Number of days for each person in your institution who will work on this project
Cost of training/workshop: venue rental, audio/visual materials, food for participants
Organization of client focus groups
If you have questions on estimating the level of effort for your proposal, please contact CERISE at spi4@cerise-microfinance.org