Enabling Outcomes led the evaluation of the Aspen Network of Development Entrepreneurs (ANDE) Capacity Development Fund—a grant platform to fund projects that create tools and insights that can help the SME sector in emerging markets. This evaluation included developing an impact framework for the fund, which included a theory of change and metrics. The evaluation also encompassed measuring the impact of the individual grants as well as the collective impact of the fund. The work culminated in developing a strategy for improving the fundʼs impact as well as its attractiveness to the donor community, leading to greater support for grantee and a rebranding as the “Catalyst” Fund.
