Describes the use of the financial product/service provided by the organization, or disaggregates another metric in terms of one or more financial product or service. For loans, this is often called "loan type."
Select any that apply:
Basic Services
Business
Other (write-in)
Organizations should footnote all assumptions used, including source of data or disaggregation and any other disaggregations applied.
This metric is intended to capture a description of the use of a financial product or service provided from among the options given in the definition. Organizations can report this metric at an organizational level (selecting all product/services that apply) or for a specific product/service (selecting the product/service for which the organization is reporting).
This disaggregation, applied to another metric, is intended to capture the share of that metric which relates to the selected use(s) of a financial product or service. For example, the disaggregation "mortgage" when applied to Client Individuals (PI4060) would include the number of client individuals that received a mortgage product. Similarly, the disaggregation "green financing" when applied to Sales Revenue (PI1775) would include the value of revenue attributed to the sale of green financing products.
June 2022 - IRIS v5.3 Released (current version)
New metric. Financial Product/Service Use (PI8255) was developed via the IRIS+ Financial Services Benchmark Working Group.
IRIS Metrics Work Better in Sets
To use IRIS metrics—and the resulting data—to understand impact performance, IRIS metrics should be used and analyzed in generally accepted sets and according to well-defined objectives. IRIS+ gives you access to generally accepted Core Metrics Sets aligned to common Impact Themes and Sustainable Development Goals (SDGs).