For sixteen years, NESsT has been at the forefront of selecting, developing and investing in high impact enterprises that provide a better life for those that are left behind. Through an engaged and tailored portfolio approach that takes into account the social side of these enterprises, NESsT has contributed to improving thousands of lives and demonstrated that sustainable impact is possible. Our key impact to date includes:
NESsT has designed tools and strategies specifically designed for social enterprise incubation and preparation for scaling including:
- Tailored methodology to support impact enterprises from proof of concept to scaling.
- Social enterprise capacity support in leadership, governance, financial management, scaling strategies, investment readiness, marketing, and alliance building, among others.
- Portfolio retreats and trainings to increase peer-learning and exchange of best practices.
- Unique tools to evaluate the financial and social performance of social enterprises.
How We Measure Performance and Impact
NESsT developed a unique system to manage, measure, and report on the Impact and performance of social enterprises supported by NESsT. The NESsT Performance Management Tool (PMT) uses both qualitative and quantitative data (financial and non-financial in nature) to assess the performance of social enterprises and their impact. The PMT monitors performance in four main areas:
Enterprise Performance: measures the performance of the social enterprise and the return on investment for NESsT and donors.
Social Impact: measures social/mission gains and risks as a result of the social enterprise. Indicators include number of active beneficiaries as well as jobs created per year (either through the social enterprise itself or through their supply chain) and average income of active beneficiaries as a result of the social enterprise.
Financial Sustainability: measures the financial sustainability gained as a result of the enterprise;
Organizational Development: measures the organizational development gained as a result of the enterprise (for example, increase in capacity, infrastructure, efficiency, etc.).