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Project Summary

Fuel I The focus for Fuel I this month was to develop and validate credit plans, explore surrounding districts and begin an investigation into Social Consulting as a pathway in Timor.  In establishing the credit plans, Fuel I developed the sales process including creating contracts, a sales pitch, and the CRM. Based on surveys in Dili from early December, the $75 price point was the biggest block. To counteract this, Fuel I created the 3 credit plans. With these plans Fuel I approached...

Emily Collins
by Emily Collins
1 Votes
Comments 1
Emily Collins

Reference to Experiment Post: [Proposed Experiment]: GROUP 2 Microfinance - Utility test TIMEWARP. Experiment post: https://projecteverest.crowdicity.com/post/2447760?highlightPost=2447830 Lean Phase: Solution Aim: To conduct utility testing for 400 customers in order to determine the Lifetime Value (LTV) and viral co-efficient and ascertain how well the microfinance solution is meeting the needs and desires of the customer. Success Metric:   1. LTV (average loan size) is...

Emily Collins
by Emily Collins
n/a
0 Ratings
Comments 0
Emily Collins
Post Not Ready

Lean phase: Solution Aim: To conduct utility testing for 400 customers. Time Period: 4 Months Success Metrics Success Metric:   1. LTV (average loan size) is greater than $60. Green light - finalise features Success Point: LTV is >$60 Orange light – Iterate features of the service in order to increase LTV. Failure point: LTV is <$40. Red light – Change the features of the service.   2. Viral co-efficient is greater than 0.13 Green light – Finalise features Success...

Emily Collins
by Emily Collins
1 Rating
Comments 3
Emily Collins
Post Not Ready

Lean Phase: Channels Assumption: An increase in microfinance loans in Aimsen via the distribution channels of chiefs (5) and sales agents (5) Time Box: 4 months Key Metrics: Number of distribution channels in Holcomb and surrounding areas determined viable from primary and secondary research.  Success Metrics Success Metric: Offer Rate Conversion(ORC) is greater than 33% Green Light (Proceed): Proceed with individual experiments testing the success of both sales agents and...

Umi Susindran
by Umi Susindran
1 Rating
Comments 4
Umi Susindran

Reference to Experiment Post: [Proposed Experiment]: Group 2; Microfinance - Utility Testing with Farmers (F2F) Experiment post: https://projecteverest.crowdicity.com/post/2444870 Lean Phase: Solution Assumption: A microfinance loan can provide value to farmers who are seeking to expand their business. Farmers see high usefulness in a service which will improve accessibility to loan. Farmers see high usefulness in a service which will provide an internalised credit score...

Emily Collins
by Emily Collins
n/a
0 Ratings
Comments 5
Emily Collins
Post Not Ready

Black Label:  Solution Lean Phase:  Solution   Aim: To produce an effective solution which allows the desires for prosperity and economic security to be fulfilled for Amisenian entrepreneurs. Solution: Microfinance offers economically disenfranchised entrepreneurs the ability to access capital. This is due to its flexible loan schemes, lower collateral requirements and range of loan size. The ultimate objective is to increase economic activity and alleviate poverty. Key...

Umi Susindran
by Umi Susindran
1 Rating
Comments 2
Umi Susindran
Key Metrics

Black Label:  Key Metric Lean Canvas: Key Metric Key Metrics - List the key numbers that let you know how your business is going Pre-Sales: These were taken in the form of a deposit for the subscription model of the microfinance solution, before it had been fully developed. This is a crucial metric in validating the customers’ emotions towards the problem. Specifically, the willingness of the farmers to place money down, as well as provide photo ID and a guarantor’s name for the...

Umi Susindran
by Umi Susindran
1 Rating
Comments 5
Umi Susindran
Post Not Ready

Black Label : Cost Structure Lean Canvas:  Cost Structure  The cost structure segment of the lean canvas identifies the costs associated with the business. These costs are categorised into fixed and variable costs.  Cost Structure: Currently, as our business is in the start-up phase, staff being volunteer and the only expense being transport for village visits. This is a variable cost and ranges from $10-20. The minimal cost is to help the business in the start phase to ensure a...

Umi Susindran
by Umi Susindran
1 Rating
Comments 6
Umi Susindran
Post Not Ready

Lean phase: Channels  Aim: This post outlines the channel that has been explored - Village chief as an intermediary and door knocking and the current effectiveness of these channels. The primary people we are aiming to reach in this Microfinance Project is farmers who are unable to access loans from banks due to them having little to no credit. This is happening despite farmers having a desire to expand their businesses and access extra credit.   Channels: Village chief as...

Briana Bessell
by Briana Bessell
1 Rating
Comments 3
Briana Bessell
Post Not Ready

Lean Phase: Customer Segment Aim:  To identify the most common customer segments that require access to microloans due to inability to access banking services. Validated learnings: - Farmers from Jumtha Village are interested in being able to access loans - The farmers want loans in order to expand their businesses Early Adopters: Our early adopters have been identified as medium to large income farmers from Jumtha village. Next Steps: The next step is to complete...

Briana Bessell
by Briana Bessell
1 Rating
Comments 2
Briana Bessell
Experiment Results

Reference to Experiment Post: [Proposed Experiment]: GROUP 2 Microfinance Currency Test (Villagers and Farmers Market) Experiment post: https://projecteverest.crowdicity.com/post/2438350 Lean Phase: Unique Value Proposition Assumption: Farmers see value in the UVP of providing economic empowerment to increase their ability to improve their businesses, leading to security and fulfilment. Results: Channel 1: Face to face discussions. 4 farmers were engaged for discussions...

Emily Collins
by Emily Collins
1 Rating
Comments 5
Emily Collins
Adopted Experiment

Lean Phase : Solution Assumption:  A microfinance loan can be provide value to farmers who are seeking to expand their business. Farmers see high utility in a service which will improve accessibility to loan Farmers see high utility in a service which will provide an internalised credit score that can be used to access future loan  Farmers see a high utility in a service which will lessen seasonal differentiation in income Farmers see high usefulness in digital access to the...

Briana Bessell
by Briana Bessell
1 Rating
Comments 4
Briana Bessell
Post Not Ready

Lean Phase: Unique Value Proposition Aim: The unique value proposition of Microfinance in Amisen is to enable economic empowerment and security to farmers. This aims to mitigate the problems faced by financially-strained farmers in regards to a lack of funds to make key purchases for the property/business to improve their livelihood, and the difficulties faced by farmers in trying to access loans from banks. The UVP is facilitated by the provision of flexible, easy to access and...

Briana Bessell
by Briana Bessell
n/a
0 Ratings
Comments 3
Briana Bessell
Revenue Stream

Black Label: Revenue Streams Lean phase : Revenue Aim Currently microfinance only has access to one revenue stream with another stream being unlocked once loans start getting repaid via interest. This document describes the breakdown of these revenue streams. Current Stage The business is current in its utility testing phase, with memberships being the only purchase so far. Revenue Streams Membership  -At this stage of the development of the business membership...

Umi Susindran
by Umi Susindran
1 Rating
Comments 3
Umi Susindran

Lean Phase:  Unique Value Proposition Aim:  The unique value proposition of Microfinance in Amisen is to enable economic empowerment and security to farmers. This aims to mitigate the problems faced by financially-strained farmers in regards to a lack of funds to make key purchases for the property/business to improve their livelihood, and the difficulties faced by farmers in trying to access loans from banks. The UVP is facilitated by the provision of flexible, easy to access and...

Emily Collins
by Emily Collins
n/a
0 Ratings
Comments 0
Emily Collins

Lean phase: Channels    Aim: This post outlines the channel that has been explored - Village chief as an intermediary and door knocking and the current effectiveness of these channels. The primary people we are aiming to reach in this Microfinance Project is farmers who are unable to access loans from banks due to them having little to no credit. This is happening despite farmers having a desire to expand their businesses and access extra credit.   Channels:  Village chief...

Briana Bessell
by Briana Bessell
n/a
0 Ratings
Comments 1
Briana Bessell

Lean Phase: Unique Value Proposition. Assumption: Farmers will be incentivised to provide photo ID as an EOI for loans to provide economic empowerment to improve their businesses and enable security. Time Period: 2 weeks. Success Metric: The number of farmers in present at the meeting that are willing to provide photo ID collateral as currency for a microfinancing solution. CRITERIA Green light: 33% of meeting attendees provide photo ID. Action on: Proceed to build solution....

Emily Collins
by Emily Collins
n/a
0 Ratings
Comments 3
Emily Collins
Adopted Experiment

Lean Phase:  Unique value proposition Assumption:   Farmers see value in the UVP of providing economic empowerment to increase their ability to improve their businesses, leading to security and fulfilment. Time Period:  2 weeks Success Metric:  The number of farmers who provide photo ID as collateral for a micro-financing solution. Aim to conduct currency testing with 30 farmers. Green Light:  Proceed to Discover solution and carry out utility testing Success Point:...

Angus Lane
by Angus Lane
n/a
0 Ratings
Comments 9
Angus Lane
Post Not Ready

Lean Phase: Customer Segment Aim: To identify the most common customer segments that require access to microloans due to inability to access banking services. Validated learnings: - Farmers from Jumtha Village are interested in being able to access loans. - The farmers want loans in order to expand their businesses Early Adopters: - Our early adopters have been identified as medium to large income farmers from Jumtha village. Next Steps:  The next step is to...

Umi Susindran
by Umi Susindran
n/a
0 Ratings
Comments 3
Umi Susindran
Adopted Experiment

Lean Phase: Problem - Customer Segment Assumption: Farmers feel disappointed/frustrated when they cannot access banking/financial services. Time Period: 3 Weeks   Success Metric:  The number of farmers who wish to know more about our solution and actively provide their contact details for a follow-up.    Green Light: Proceed to discover UVP and conduct currency testing. Success Point: >8% of farmers resonate with the PCM and carry out the call to action (their...

Emily Collins
by Emily Collins
n/a
0 Ratings
Comments 4
Emily Collins
Experiment Results

  Reference to Experiment Post:   [Proposed Experiment] Tourism and Waste - Timor-Leste July 2019   This experiment focused on validating…   Experiment post: https://projecteverest.crowdicity.com/post/2104420   Lean Phase: Customer Segment/ Solution/ Offer Testing   Assumption: Part A: The waste problem in Timor is negatively impacting tourism. Part B: Tourists are more inclined to go to a hotel/ or restaurant that practices sustainable waste...

Emily Collins
by Emily Collins
2 Votes
Comments 1
Emily Collins
Problem

Lean Phase: Problem   Aim - This post depicts the key issues ascertained in Timor-Leste on the presence of waste and the current situation for waste management. The aim of Everest Recycling Solutions is to help alleviate these issues by sustainable waste management solutions. Issues of poor waste management include an abundance of waste on the streets, plastics ending up in the ocean, and burning plastics as a means of disposal.   Big Picture -    Everest Recycling...

Emily Collins
by Emily Collins
3 Votes
Comments 1
Emily Collins
 

Emily Collins

Melbourne, Australia

Joined this community on May 23, 2019

University or Company
RMIT

Degree or Work area
Engineering

Country you Trekked/are Trekking in
Timor-Lesté

What is thirteen plus four?
17

Reputation ranking

Ranking
43
Points
363

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