About

60 Decibels focuses on providing financial services to underserved populations, particularly micro and small businesses and women who lack access to traditional banking. The company collects and analyzes data to measure the impact of its services, gaining insights into customer experiences and challenges. This data-driven approach helps improve their offerings and maximize social impact. Unlike competitors, 60 Decibels emphasizes impact measurement through initiatives like the Microfinance Index Top Impact Awards, which recognize businesses that positively affect their clients. The goal is to enhance financial resilience among clients by demonstrating the benefits of microfinance, as shown by their research linking microloans to better financial management.

Simplify's Take

What believers are saying

• In 2023, 60 Decibels had its biggest year, showcasing its impact measurement strategy's effectiveness.
• The expansion of the MFI Index includes over 1 million unique data points for benchmarking.
• Partnerships like AGRA's VBAs program enhance 60 Decibels' research and insights capabilities.

What critics are saying

• Increased competition from Dalberg Advisors could divert potential clients and partnerships.
• The expansion of the MFI Index may lead to increased scrutiny and resource strain.
• New data tools could lead to data privacy concerns, risking client trust and compliance.

What makes 60decibelsinc unique

• 60 Decibels uses Lean DataSM to turn customer voice into high-value insights.
• The company focuses on microfinance to generate positive social impact for underserved populations.
• 60 Decibels' Microfinance Index provides high-quality, comparable social performance data globally.

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