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Activity for Courtney Dudgeon

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Project Summary

The July Microfinance II Team focused on determining the viability of PEV loaning to village banks in Malawi. To achieve this, we focused on three key goals: profiling, diversifying risk and transactions. Our profiling goal involved meeting with village banks to discuss their operational procedures, which includes collateral requirements, interest rates and capacity to loan. The team developed interview questions that focused on understanding how the village bank operates, the systems they...

Emma Snow
by Emma Snow
1 Votes
Comments 2
Emma Snow
Revenue Stream

Background information The Microfinance II Team aims to offer loans to village banks that have been assessed to be at a safe or acceptable risk level for PEV to invest in. In July 2019, we successfully provided loans to two village banks - Titukalane 2 and Thandazani. Titukalane 2 received a loan for 300,000MWK, with a 15% interest rate and a leasing cost for the Google Pixel of 20,000MWK. Additionally, Tithandizani received a loan for 500,000MWK, with a 20% interest rate and a leasing...

Courtney Dudgeon
by Courtney Dudgeon
9 Votes
Comments 4
Courtney Dudgeon
Experiment Results

Experiment Design Post: https://projecteverest.crowdicity.com/post/2052790 Lean Phase: Solution Assumption: Village banks are willing to share their accounting information and customer data with PEV, in exchange for a low interest loan to be used as increased capital for the village bank, therefore allowing them access to larger loans and more frequent loans for their customers. The end goal for this currency test would be to get village banks to use a digital tracking system...

Courtney Dudgeon
by Courtney Dudgeon
7 Votes
Comments 1
Courtney Dudgeon
Value Proposition

Aim: Our aim is to offer sustainable and tailor made loans to village banks in Blantyre, Malawi. These loans aim to meet the requirements of individual village banks whilst meeting an acceptable level of risk for PEV in order to ensure a return on loan is likely to occur. Risk Criteria: The Microfinance II Team developed a risk profiling criteria to determine the level of risk presented by each village bank. This criteria has four key metrics: interest rate, default rate, requirement...

Courtney Dudgeon
by Courtney Dudgeon
7 Votes
Comments 1
Courtney Dudgeon
Experiment Results

Experiment Design Post: https://projecteverest.crowdicity.com/post/2006430 Lean Phase: UVP Assumption: Village banks risk profiled are willing to meet with PEV, and are open to receive a loan from PEV. Results:  The Microfinance II Team successfully offer tested 6 banks. It was determined that all 6 of these banks have an insufficient amount of capital and that members would like greater access to loans.  Validated Learning: Our results meet our hypothesis as we...

Courtney Dudgeon
by Courtney Dudgeon
7 Votes
Comments 1
Courtney Dudgeon
Experiment Results

Experiment Design Post: https://projecteverest.crowdicity.com/post/2005350 Lean Phase: Customer Segment  Assumption: Village banks are willing to meet with PEV and discuss their operational procedures, including collateral requirements, interest rates and capacity to loan. Results:  The Microfinance II Team contacted 10 village banks throughout July 2019. Since July 2018, PEV has contacted 15 village banks in the Blantyre region. The Microfinance II Team determined...

Courtney Dudgeon
by Courtney Dudgeon
7 Votes
Comments 1
Courtney Dudgeon
Customer Segment

Through information gathered in our profiling experiment, the Microfinance II Team has identified that our customer segment is village banks located in Blantyre, Malawi. We have found that village banks identify with the problem of inadequate access to finance. This was determined by holding meetings with numerous village banks and analysing data that had been previously collected by the Social Consulting Team in July and December 2018. In total, this information has been validated from data...

Courtney Dudgeon
by Courtney Dudgeon
7 Votes
Comments 1
Courtney Dudgeon
Proposed Experiment

Lean Phase: Solution Assumption: Village banks are willing to share their accounting information and customer data with PEV, in exchange for a low interest loan to be used as increased capital for the village bank, therefore allowing them access to larger loans and more frequent loans for their customers. The end goal for this currency test would be to get village banks to use a digital tracking system on Google Pixel mobile phones to enter accounting data and records, that we could...

Courtney Dudgeon
by Courtney Dudgeon
4 Votes
Comments 2
Courtney Dudgeon
Adopted Experiment

Lean Phase: Customer Segment Assumption: Village banks are willing to meet with PEV and discuss their operational procedures, including collateral requirements, interest rates and capacity to loan. Time Period: 2 weeks  Success Metric: The success metric is the number of village banks who are willing to share information on operational procedures. The team will interview 10 village banks.  CRITERIA Green Light: Proceed to offer testing with village banks. Success...

Courtney Dudgeon
by Courtney Dudgeon
5 Votes
Comments 1
Courtney Dudgeon
 

Courtney Dudgeon

Newcastle, Australia

Joined this community on Sep 11, 2018

University or Company
UON

Degree or Work area
Law/Business

Country you Trekked/are Trekking in
Malawi

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