This report provides an in-depth description of the results of a project exploring the application of transformative evaluation to impact investing. It includes an executive summary, description of data collection methods (meta-evaluation, survey, and interviews), key results, a discussion of the main research findings, and next steps for the research.

This case study provides a detailed description of how EWB implemented a transformative evaluation pilot with M-Shule, a social enterprise in Kenya. The case study includes each step of the implementation, lessons learned, and tips for other practitioners who are interested in applying TE.