Charlotte's profile

Activity for Charlotte Crofts

Showing: 20 Results
Sort by

Lean Phase: Solution Assumption: Having clear and concise photographs to accompany different fruit and vegetable recommendations will make the food survey, and app in general, easier to understand. Time Box: July Weeks 2-3 Success Metric: Percentage of positive reaction to accompanying photos CRITERIA Green Light- Assumption is confirmed. Photographs can be used in application to help in identifying which foods are what. Success point- 60% of the customers surveyed had a positive...

Charlotte Crofts
by Charlotte Crofts
2 Votes
Comments 0
Charlotte Crofts

Results: 5 customers signed the loan contracts and took out loans at an average amount of $1000 each.  After 8 weeks all 5 customers had made the monthly repayments that was required of them meaning that we had a 100% repayment rate for this period Reinado was happy with the outcome of this and offered to change the required collateral to 10% versus the original 20% in the contract. We agreed to a $10,000 convertible note from Reinado to cover the costs of starting the business. This...

Charlotte Crofts
by Charlotte Crofts
n/a
0 Ratings
Comments 0
Charlotte Crofts

Canvas Lean Phase: Revenue Streams Therefore, we have two main revenue streams, the financial planning product which we sell direct to customer and then the financial loan structure which we mediate between the bank of Amisen and our planned customer. These streams are interconnected, where the success of the planning product is prior to the selling of the loan but it is the latter which is inherently more scalable in terms of revenue. In other words, this business model will resemble that...

Charlotte Crofts
by Charlotte Crofts
n/a
0 Ratings
Comments 0
Charlotte Crofts

Lean Phase:  Solution Assumption:  The sales and revenue streams will be making considerable progress towards the victory goal of $30000 Time Box:  15 months Success Criteria Progress: Assumption confirmed. Business is worth continuing. Green Light: <90% towards victory goal Orange Light: Optimise features of product, utilising customer advice. Red Light: >20% towards victory goal Failure Protocol: Experiment failed. Re-structure cost and revenue streams Experiment...

Charlotte Crofts
by Charlotte Crofts
n/a
0 Ratings
Comments 0
Charlotte Crofts
Experiment Results

Lean Canvas Phase: Solution   Assumption: USSD (mobile money) is the best way to organise savings for the desired customer segment.   Positive results:   In Jumtha, of the 9 surveys we conducted amongst villagers with mobile phones, 1 person didn’t know what it is and 6 responded positively towards the concept of USSD whilst 1 person expressed distrust in mobile systems. 1 person did not respond at all.   Therein, USSD utility passes our greenlight with a 66% positive result....

Charlotte Crofts
by Charlotte Crofts
n/a
0 Ratings
Comments 1
Charlotte Crofts
Experiment Results

  Lean Canvas Phase: Solution   Assumption: That rural community members whom don’t have access to a bank are willing to pay for education about savings and banking.   Results:   Vengara: Have not been able to establish engagements in Vengara due to external circumstances     Jumtha: Over the course of 2 days we engaged 20 residents of Jumtha testing our MVP. 5 residents responded to a village community survey positively and signed MOUs to place down the initial MVP...

Charlotte Crofts
by Charlotte Crofts
n/a
0 Ratings
Comments 1
Charlotte Crofts
Solution

Our product attempts to bridge the gap between people in lower socio-economic areas and accessing the knowledge and the infrastructure to start a savings plan. This product is also aligned with the bank of Amisen and will set up a pathway, for this customers segment, to the loans they need to grow their income.   The first unique value proposition of our solution is providing education about the banking system and building savings. Using the financial plans that are drawn up for...

Charlotte Crofts
by Charlotte Crofts
n/a
0 Ratings
Comments 2
Charlotte Crofts
Experiment Results

  Lean Canvas Phase: Solution   Assumption: That rural community members whom don’t have access to a bank are willing to pay for education about savings and banking.   Results:   Vengara: Have not been able to establish engagements in Vengara due to external circumstances     Jumtha: 8 residents of Jumtha engaged were receptive to the offer, with 3 purchasing our MVP. Residents were of varying occupational backgrounds, attitudes and experiences to formal banking...

Charlotte Crofts
by Charlotte Crofts
n/a
0 Ratings
Comments 1
Charlotte Crofts

The solution that we have developed is a service that provides a financial plan to people who currently cannot access a banking system. The financial plan sets out the customers current income and expenditure, looks at the disposable income and develops a plan, using mobile money infrastructure, to put this money away and make it safe.  Upfront costs that Project Everest’s Microfinance team needs to be accountable for include the following: 20% of the loan amount that the team has been...

Charlotte Crofts
by Charlotte Crofts
n/a
0 Ratings
Comments 0
Charlotte Crofts
Proposed Experiment

Lean Phase: UVP  Assumption: That rural community members whom don’t have access to a bank are willing to pay for education about savings and banking. Time Box: 4 hours Success Metric: Percentage of eligible people who are willing to pay $7.00 for a financial report. This can either be $7 upfront, or a 25% deposit on conducting the survey and the other 75% upon delivering the report. We plan on finding at least 8 people who fit our customer segment. CRITERIA: Green Light:...

Charlotte Crofts
by Charlotte Crofts
n/a
0 Ratings
Comments 3
Charlotte Crofts
Adopted Experiment

Lean Phase: Customer Segment/Problem  Assumptions: Rural community members feel frustrated because they lack support with regards to financial services. Time Box:   1 week Success Metric: Out of 25 eligible people interviewed, 30% of people will agree to a follow up meeting after actively engaging with offer test Criteria: Green Light- Assumption confirmed. Move along to currency testing. Success Point – 30% of people agree to follow up Orange Light –...

Charlotte Crofts
by Charlotte Crofts
1 Rating
Comments 3
Charlotte Crofts
Idea thumbnail

The February team is the third group to work on the Hidden Hunger project since its conception in December 2018. December and January were able to effectively establish a customer segment and their problem statements. The February team have since been able to move into completing currency testing with Rural Malawian Mothers and start various utility tests in order to discover if the USTAWI application fits the Malawian context. All three summer teams have also worked on establishing and...

Samantha Orum
by Samantha Orum
3 Votes
Comments 1
Samantha Orum
Idea thumbnail

  Introduction The report that has been created for Western Sydney University (WSU), and written by the Hidden Hunger team. It contains the results of the customer segment and business development experiments that were conducted during the summer. WSU supplied Project Everest with an nutrition application; with which our customers conduct a survey of what they have eaten in the past 24 hours, then the Hidden Hunger team uses the results to generate a nutrition report. The update report...

Liam Button
by Liam Button
0 Votes
Comments 0
Liam Button
Idea thumbnail
Adopted Experiment

Lean Phase: Customer Segment Assumption: Potential stakeholders are willing to meet with PEV. They will understand the barriers towards solving malnutrition and can provide data ad advice on how to tackle this problem. These stakeholders will be interested in the USTAWI application and will express an interest in a partnership. Time Box: July Weeks 1-4 Success Metric: 1) Number of groups which can provide access and data and/or advice on the direction of the project. 2) Number of...

Charlotte Crofts
by Charlotte Crofts
2 Votes
Comments 2
Charlotte Crofts
Idea thumbnail
Customer Segment

Customer Segment A: Rural Malawian Mothers Introduction: Hidden Hunger teams throughout December 2018 to February 2019 have been surveying and analysing information collected from Rural Malawian Mothers regarding their stresses and concerns with malnutrition. These teams have achieved an extensive understanding of their thoughts, actions and desires relating to this problem. Through surveying and feedback collection, Hidden Hunger have been able to develop a foundation of the key...

Charlotte Crofts
by Charlotte Crofts
4 Votes
Comments 1
Charlotte Crofts
Idea thumbnail
Proposed Experiment

Lean Phase: Solution Assumption: That stakeholders and market stall owners around Blantyre and Limbe will provide similar information about food accessibility in Malawi. Food accessibility in this case refers to the price of different foods, seasonal availability of different foods and how to acquire them. Time Box: July Weeks 2-3 Success Metric: Percentage of the information collected from both stakeholders and market stall owners correlate each other. CRITERIA Green Light-...

Charlotte Crofts
by Charlotte Crofts
3 Votes
Comments 2
Charlotte Crofts
Idea thumbnail
Experiment Results

Experiment Post Reference:  https://projecteverest.crowdicity.com/post/882870 Lean Phase: Unique Value Proposition Purpose: To determine whether or not our customer segment would pay for a solution which advises on foods to add for a wholesome diet. Assumption: Mothers are willing to pay 200 MK upfront for an individual nutrition report to be sent to them at a later date. Time Box: February 2019 Week 1-2 Success Metric: Percentage of customers willing to pay for an MVP...

Charlotte Crofts
by Charlotte Crofts
5 Votes
Comments 3
Charlotte Crofts
Idea thumbnail
Proposed Experiment

Lean Phase: UVP Assumption: Our app solution can help provide support for NGOs and other stakeholders in keeping communities supported and accountable in maintaining a nutritionally varied diet. Stakeholders are willing to exchange feedback and data for use of the application. Time Box: July Weeks 1-2 Success Metric: Percentage of stakeholders willing to exchange feedback and data for use of the USTAWI application. CRITERIA: Green Light- Maintain relationship with stakeholder and...

Charlotte Crofts
by Charlotte Crofts
7 Votes
Comments 1
Charlotte Crofts
Idea thumbnail
Proposed Experiment

Lean Phase : Channels/ Utility Testing   Assumption : Using specific advertising to target audiences will create a pathway to inform people that nutrition advice can be accessed through the USTAWI App. Rural Malawi, as the target audience, will respond to Radio advertisement greater than Urban regions responding to Facebook ads.   Purpose : Build customer base and validate where customers are distributed. Gauge community interest in accessing nutritional information in...

Jemillah Forbes
by Jemillah Forbes
7 Votes
Comments 1
Jemillah Forbes
Idea thumbnail
Adopted Experiment

CONTENT Lean Phase: Solution / Utility Testing Assumption: Malawian mothers would prefer a tech based solution to a paper based solution Purpose: To confirm assumption that a tech based solution is the prefered way to distribute the solution Time Box: February Weeks 2-3 Success Metric: Percentage of people who would prefer a tech based solution to a paper based solution.   CRITERIA Green Light: Assumption confirmed. Allows both PEV and WSU to proceed with a tech based...

Cohan Bayles
by Cohan Bayles
5 Votes
Comments 2
Cohan Bayles
 

Charlotte Crofts

Wollongong, Australia

Joined this community on Feb 1, 2019

University or Company
UOW

Degree or Work area
Arts

Country you Trekked/are Trekking in
Malawi

Reputation ranking

Ranking
22
Points
356
Share