Seif Zakri's profile

Activity for Seif Zakri Stacey

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Lean Phase: MVP Prototyping / Solution Assumption: Those who are able to regularly pay their other important bills on-time (water bills, phone bills) will be much more likely to be able to make on-time repayments of loans. Gathering the data from individuals will allow SoCon to determine for ourselves whether these individuals are going to pay on time by creating inputs for credit risk model (i.e. not default). Time Period: 6 weeks Success Metric: Various identified forms of data and...

Seif Zakri Stacey
by Seif Zakri Stacey
1 Votes
Comments 5
Seif Zakri Stacey

Lean Phase: Supply Chain / Key Activities Assumption: There are a number of statutory and legal standards that need to be satisfied/overcome before operating as a legal microfinance in Fiji. Purpose of the experiment is to identify the legal and regulatory standards that surround operating as a microfinance in Fiji and seeing whether that’s possible to go ahead Time Period: 1 week Success Metric: Specific: Understand the regulatory environment in Fiji Measurable: Quantify and...

Seif Zakri Stacey
by Seif Zakri Stacey
0 Votes
Comments 1
Seif Zakri Stacey
Problem

This post outlines the fundamental problems in the financial space in Malawi, and are detailed further in other posts. The two fundamental issues are that there is a huge lack of access to capital, and a huge lack of financial/business education.  Malawi remains one of the poorest countries in the world, with 90% of the population living on less than $2/day, and 75% living below the lowest poverty threshold of $1.25/day (Human Development Report, 2011). The majority of Malawians are...

Kurt Michl
by Kurt Michl
4 Votes
Comments 2
Kurt Michl
Work Update

Background One of our monthly goals is to construct a consumer archetype for 3 different socioeconomic locations. Our initial focus group was women in the villages surrounding Blantyre but we found that progress validating this customer segment was slow due to the language barrier. We had some issues conducting surveys because we had a lot of reliance on translators who were frequently busy or did not want to operate in the poor weather conditions we have experienced. Because of this we...

Seif Zakri Stacey
by Seif Zakri Stacey
3 Votes
Comments 2
Seif Zakri Stacey
Proposed Experiment

Background We have done some surveys of small business owners around the Blantyre and Limbe markets to validate our customer segment. We have come to the consensus that there is a big stigma against borrowing a loan, at least from a financial institution, due to a fear of debt. This stigma stems from two major reason: 1) High interest rates and 2) no collateral. Another fascinating revelation we found from conducting our surveys is that the marketplace is a very collectivist society....

Seif Zakri Stacey
by Seif Zakri Stacey
7 Votes
Comments 8
Seif Zakri Stacey
Work Update

Here in Malawi we are experimenting with large scale data gathering through the sending of mass texts. We are hoping this will provide a more effective method of gathering information while maintaining its accuracy. USSD Survey Design After the workshop with Gabe we identified several key design factors that needed to considered when establishing the USSD survey design in Malawi. We felt the design should be clarified for anyone that doesn’t understand the relatively low adoption...

Seif Zakri Stacey
by Seif Zakri Stacey
11 Votes
Comments 9
Seif Zakri Stacey
Post Not Ready

Introduction We have designed a customer segment using assumptions based on research of the Malawian Government's National Survey and other statistical analysis’ of the nations financial sector such as FinScope. The target customer for this experiment is young women in fringe rural/ urban villages with limited income and limited access to finance. This is just one of 3 customer archetypes we are currently validating, and hope to develop a profile for by the end of July. How we came to...

Seif Zakri Stacey
by Seif Zakri Stacey
9 Votes
Comments 3
Seif Zakri Stacey
Post Not Ready

Background: The energy team have identified that lighting and energy used to charge their phones are a major need of Malawians in rural areas. They spend up to 1,500 Kwacha a week on these amenities and the energy team seek to reduce this cost through the Solar energy battery they are distributing.   The problem: The energy team were uncertain how to finance their product, as most people couldn’t afford to purchase the battery outright. They also lacked a clear understanding of who their...

Seif Zakri Stacey
by Seif Zakri Stacey
8 Votes
Comments 2
Seif Zakri Stacey
 

Seif Zakri Stacey

Wollongong, Australia

Joined this community on Apr 26, 2018

University or Company
UOW

Degree or Work area
Business

Country you Trekked/are Trekking in
Malawi

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35
Points
333