Value of Voluntary Savings Accounts (PI3240)

Value of voluntary savings accounts managed by the organization, including demand deposits and time deposits, as of the end of the reporting period.

Reporting Format Reporting Currency (OD5990)
Metric Type Metric
Metric Level Product/Service, Organization
IRIS Metric Citation IRIS, 2021. Value of Voluntary Savings Accounts (PI3240). v5.2.

Organizations should footnote all assumptions used. See usage guidance for further information.

This metric is intended to capture the value of voluntary savings accounts the organization manages as of the end of the reporting period. Organizations are encouraged to footnote information on the average and median balances of the voluntary savings accounts managed, additional data points that can help estimate the typical savings level among the accounts’ owners. The average account balance can be calculated by dividing this metric by the Number of Voluntary Savings Accounts (PI6439).
Organizations reporting this metric may include savings programs with incentives or obligatory savings that clients can opt into (not including guarantees).
While this metric measures the value of formal savings (voluntary savings accounts), those interested in measuring financial health may also wish to measure or estimate informal and non-cash savings.
In specific contexts, and based on evidence, this metric may serve as a proxy indicator of whether the outcome being sought by an investor or organization is occurring (the WHAT dimension of impact). For more on the alignment of IRIS metrics to the five dimensions of impact, see IRIS+ and the Five Dimensions of Impact (https://iris.thegiin.org/document/iris-and-the-five-dimensions/). No single metric is sufficient to understand an impact; rather, metrics are selected as a set across all dimensions of impact. When possible, the selection of metrics to measure and describe the five dimensions should be based on best practice and evidence.

June 2022 - IRIS v5.3 Released (current version)

Immaterial change. Minor revision to usage guidance for clarity.
January 2020 - IRIS v5.1 Released

No change.
May 2019 - IRIS v5.0 Released

Immaterial change. Minor revision to usage language to incorporate reference to informal and non-cash savings.
March 2016 - IRIS v4.0 Released

Immaterial change. Minor revision to metric definition language in order to align consistency of metric with catalog's structure and style.
March 2014 - IRIS v3.0 Released

Immaterial change. Minor revision to metric name and definition language for clarity.
November 2011 - IRIS v2.2 Released

No change.
February 2011 - IRIS v2.1 Released

No change.
September 2010 - IRIS v2.0 Released

Immaterial change. Total Value of Voluntary Savings Accounts (PI3240) replaced Value Voluntary Deposits (M27). IRIS ID / metric name changed due to framework upgrade. Minor revision to definition language for clarity.
September 2009 - IRIS v1.0 Released

New metric. Value Voluntary Deposits (M27) was developed via the Original IRIS Working Group.