Project Everest

Adopted Experiment

[Experiment Adopted]: Village Banks (1/4) - Records

Lean Phase: Channel Testing 

Assumptions: Village banks have a standardised system of record keeping that tracks:
1. Customer ID
2. Loan amount
3. Length of loan
4. Interest charged over the length of the loan
5. Whether the customer repaid or defaulted on their loan

Time Period: 1 week (or time taken to survey 6-8 village banks)

Success Metrics:
1. Existence of a record keeping system
2. Completeness/consistency of the system

Success Point: 70% + village banks have a record keeping system, and 50% + have reliable and complete records (i.e. tracks all five criteria mentioned above)
             Green Light: proceed to Margin Analysis experiment
Orange Light Point: 50-70% of village banks have a record keeping system, but only 30-50% have reliable and complete records
             Orange Light: understand why records are incomplete or unreliable? How do successful village banks do it?
Failure Point: less than 50% of village banks have a record keeping system, or <30% have reliable and complete records
             Red Light: look at alternative channels of servicing consumers’ financing needs

Experiment Build:
1. Create a survey based on the decision matrix
2. Identify village banks to validate assumptions with
3. Organise village visits
4. Execute survey/decision matrix
5. Measure results and post experiment results

edited on 28th January 2019, 10:01 by Ella Grier

Ella Grier 9 months ago

Status labels added: Experiment adopted, Complete

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Karine Murphy 3 weeks ago

Actually I really like this system of the village banks. I read about one of the banks on as well. And it was quite systematic as well.

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Jhon ROn 3 weeks ago

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smithjhon 3 weeks ago

There are some interesting points in time in this article but I don’t know if I see all of them center to heart. There is some validity but I will take hold opinion until I look into it further. Good article, thanks and we want more for Waterpik Water Flosser black friday Added to FeedBurner as well

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Bonnie Perry 3 days ago

Village banks are a much required thing now a days. The villagers also have rght to get benifits from society. Here we provide more such services like for students poor in study.

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