Post edited 10:16 pm – September 9, 2010 by wspademan

George Gluck asks (by email):

how will customers be able to tell what "common good" has been accomplished, quantitatively? …(perhaps in “real time”)

We will use a mix of direct and secondary metrics to gauge our success:

Direct:

• how many community divisions
• how much money deposited
• how many loans made
• how many businesses created
• how many jobs created
• how many participating individuals/households
• how much money saved on credit card processing
• how much profit distributed for the common good
• how much democratically-guided investment

Secondary (in CGB communities versus others):

• unemployment, poverty and hunger rates
• median household income
• Genuine Progress Indicator(s)

CGB customers will also be able to look at the specific loans that have been made and the specific nonprofits that have been funded.

I like the idea of having these measures (at least the direct ones) available in real time online.