projecteverest

Experiment Results

[Experiment Results]: SoCon Malawi - Village Banks (1/4) - Records- December 2018

Link to adopted experiment: https://projecteverest.crowdicity.com/post/628800

 

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

 

Results

1. Existence of a record keeping system

100% of village banks interviewed had a thorough and detailed record keeping system. All of the village banks surveyed kept their records in a paper based systems.

 

2. Completeness/consistency of the system

  • Customer ID - none of the village banks surveyed recorded their customers national IDs. However, 100% of village banks recorded members names with the amount deposited or borrowed. Due to the nature of the village banks, all members know each other very well and therefore formal formal customer ID are not required.

  • Loan amount - 100% of village banks surveyed recorded the loan amount

  • Length of loan - 100% of village banks surveyed recorded the length of the loan

  • Interest charged over the length of the loan - 100% of village banks surveyed recorded the interest charged over the length of the loan

  • Whether the customer repaid or defaulted on their loan - 100% of village banks surveyed recorded when a customer repaid their loan and what customers still had outstanding loans.

 

Validated Learning

In order to complete this experiment, we attended 8 village bank meetings. All of the village banks run their meetings very differently and record information in different ways. All did however have very thorough methods for keeping records and recorded the same information, albeit  in different ways. The assumptions we were testing were all validated. Record keeping methods is not standardised across village banks and reconciling information would be possible but a timely process.

 

Next Move

Green light: Proceed to margin analysis experiment

 

Link to data: https://docs.google.com/spreadsheets/u/1/d/1h...127865025454614

 

Kurt Michl 4 months ago

Are we able to understand more about the "tiyanjane" village bank please? It says i the data that they charge 0% interest.

thanks

Reply 0

Ella Grier 4 months ago

Status label added: Experiment Results

Reply 0

Share