Dancing Gold: An approximate measure of Social Impact (Part II)
After one year, the indicators of Dancing Gold are the following:
|Free users||Payment users||Total||Attendance of sessions|
|On registration||3 month||6 month||1 years|
|Value of perceived loneliness (average of all the responses)||4||3’5||3||2’5|
|Value of perceived health (average of all the responses)||3||2’5||2’5||2’5|
|How many times do you go to the doctor in one year?||0-1:50%
|How much do you spend in medication every month?||150m.u.||140m.u||130m.u||130m.u|
Given the number of users, and the answers provided during the first year, there have been 10 visits less to the doctor, that is a saving of 1,000 monetary units per year (assuming a cost per visit of 100 m.u.).
The users of the service have saved 200 m.u. in medication this year.
Additionally, we know that the costs have been the following:
- Rent: 400 m.u.
- Management and coordination of volunteers: 500 m.u.
SROI is the ratio of impact to inputs.
Therefore SROI = Impact / Inputs = 1,200 / 900 = 1.33:1
This means that during the first year, every monetary unit invested in Dancing Gold has had a social impact of 1.33 monetary units.
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