Riddhima's profile

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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

As the first SoCon (Social Consulting) team on the ground in Malawi, it’s our task to set the groundwork and build foundations for future teams to operate on in Malawi. We decided to make this post so that for future teams can reflect on the measures we’ve used and hopefully to learn on our experiences on how best to obtain their own data. As SoCon is so new to operating in Malawi, it is critical that the assumptions we make have been validated, as cutting corners with poor validation may...

Henry Baldwin
by Henry Baldwin
5 Votes
Comments 5
Henry Baldwin
Proposed Experiment

PEV as a potential investor The following idea is the second part of the test experiment on the microfinancing model with NAYO. The first part which establishes the background knowledge on the model is available here . It is clear from all the research done by the Social Consulting Team in Malawi that a major influence on the microfinancing systems in Nancholi region of Malawi are the Village Banks providing individual loans (more prominent and outreaching in the villages) and NAYO that...

Riddhima
by Riddhima
7 Votes
Comments 3
Riddhima
Proposed Experiment

The projects in Malawi work in close association with NAYO, Nancholi Youth Organization, a Non-governmental Organization assisting 26 villages in the small rural district of Nancholi providing social, nutritional and educational support. On 17 th July,2018 and 19 th July,2018 the Social Consulting Team interacted with the management staff of NAYO to get a better understanding of the microfinancing model managed by the organization. From the meeting it was inferred that NAYO provides...

Riddhima
by Riddhima
7 Votes
Comments 5
Riddhima
 

Riddhima

Australia

Joined this community on Jun 30, 2018

University or Company
UOW

Degree or Work area
Engineering

Country you Trekked/are Trekking in
Malawi

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