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Experiment Design Post : Initial Offer Test: https://projecteverest.crowdicity.com/post/2435970   Result of First Offer Test: https://projecteverest.crowdicity.com/post/2436760   Lean Phase : Customer Segment/Problem; Offer Testing  Assumption : Villagers are looking to reduce the cost of fuel and find a solution for their children’s cough   Results : Following on from your experiment results above, you then conducted another offer test focusing on community meetings...

William Lee
by William Lee
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William Lee

Experiment Design Post : https://projecteverest.crowdicity.com/post/2436030     Lean Phase : Customer Segment/Problem; Offer Testing    Assumption : Problems (or a combination of): Scared for child’s health Lack of money to pay for a hospital solution   Results : Channel 1 : Flyers given to mothers purchasing supplies for current solutions their baby 30 mothers were engaged in person at the local market and given flyers with the offer test: “Are you scared...

William Lee
by William Lee
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William Lee

Objective : to create and implement a functioning customer relationship management system that can deal with issues surrounding sales, payment tracking and customer service. Why : as we scale, we need to have a software-based solution that automates the standardised processes surrounding sales, payment tracking and customer service. What This Isn’t : this isn’t about designing the processes involved with sales, payment tracking or customer service. What This Is : this is about...

William Lee
by William Lee
1 Votes
Comments 1
William Lee

Lean Phase : Solution Assumption:  Given our current risk prevention methods, the default rate on buka stove loans over 4 weeks is around 15%. This default rate must be monitored in order to understand how to further tighten our security requirements.    Time Box: 4 weeks. Success Metric: This experiment is measuring the percentage of borrowers who default on payments. This will be tested with 20 sales of the buka stove in conjunction with the Fuel team in December. Part of...

Adam Metcalfe
by Adam Metcalfe
7 Votes
Comments 4
Adam Metcalfe

Lean Phase: Channel Testing  Assumptions: customers served by the village bank lack access to formal credit, or prefer to access credit through village-based credit systems). Reasons may include the fact that: 1. Distance to a formal institution is too far, or costs too much to visit frequently 2. People were rejected in their application for a loan, and thus excluded from formal credit Time Period: 1 week (or time taken to survey 6-8 village banks)  Success Metrics: 1. % of...

William Lee
by William Lee
1 Votes
Comments 3
William Lee

Lean Phase: Offer Testing  Assumption: current sources of informal credit are insufficient to meet demand. This involves proving two things: 1. There is latent demand for loans - i.e. that people are either not getting loans when they want loans, or that those getting loans want bigger loans 2. This is because they have insufficient funds to provide to such potential customers (as opposed to rejecting them on the basis of creditworthiness) Time Period: 1 week (or time taken to...

William Lee
by William Lee
4 Votes
Comments 1
William Lee

Lean Phase: Channel Testing  Assumption: interest rates being charged in these village banks provides sufficient margins to operate a scalable business Time Period: 1 week (or time taken to survey 6-8 village banks)  Success Metrics: Based on the interest rate, length of loan, and default rate, we can calculate the gross margin for loaning to village banks (use https://goo.gl/nWENUz ) Criteria: Success Point: gross margin is 60%+               Green Light: proceed to...

William Lee
by William Lee
1 Votes
Comments 1
William Lee

Lean Phase: Channel Testing  Assumptions: Village banks have a standardised system of record keeping that tracks: 1. Customer ID 2. Loan amount 3. Length of loan 4. Interest charged over the length of the loan 5. Whether the customer repaid or defaulted on their loan Time Period: 1 week (or time taken to survey 6-8 village banks) Success Metrics: 1. Existence of a record keeping system 2. Completeness/consistency of the system Criteria: Success Point: 70% + village banks...

William Lee
by William Lee
1 Votes
Comments 2
William Lee

Lean Phase: Channel Testing Assumption: that consumers are familiar with, know how to use, and are willing to use mobile money as a payment system. We need to prove that: 1. They are familiar with mobile money, and 2. They know how to use mobile money (ideally, they are current users), and 3. They are willing to use mobile money to access financial services Note: these variables are very location-dependent; therefore, it is important to validate this across a strong geographic...

William Lee
by William Lee
3 Votes
Comments 6
William Lee

Lean Phase: Channel Testing Assumption: that consumers have access to mobile money as a payment system. We need to prove that: 1. The level of phone penetration is sufficiently high 2. There is reliable network coverage in communities to enable mobile money transfers 3. There is close proximity to a mobile money dealer to be able to convert cash into mobile money for transfer Note: these variables are very location-dependent; therefore, it is important to validate this across a...

William Lee
by William Lee
4 Votes
Comments 2
William Lee

Over the past few weeks in Malawi, we have gained some knowledge on informal institutions we are calling village banks. They operate as a savings fund which provides microcredit to its members in the aim of generating savings for the fund, and it's members. There is a detailed explanation on how these institutions work in the post about the village banks; https://projecteverest.crowdicity.com/post/572973. An idea that was generated from the discussion on the village banks post is an...

Kurt Michl
by Kurt Michl
5 Votes
Comments 2
Kurt Michl

We collect a lot of data at PE, but it isn't always useful. The key to useful data is about data structure,  and how we think about it when designing our surveys. Here are some things to incorporate into survey design. Uniformity is key - if we are collecting the data on similar things across projects or even countries, let's make them the same structure. For example, both the Energy and Agriculture team will likely collect data on demographics - let's ensure that both teams ask the same...

William Lee
by William Lee
n/a
0 Ratings
Comments 5
William Lee

In developing countries, accurate addresses are hard to come by. Whether you're trying to find a customer you had a previous interaction with, meeting up with a potential business partner, or reporting a Pri-call - it is hard to communicate your location where streets are unnamed and every street corner looks very similar. Furthermore, currently, there are 4 billion people without an address. A UK-based startup, What3Words has revolutionised this space by dividing the world into 3m by 3m...

William Lee
by William Lee
n/a
0 Ratings
Comments 7
William Lee

The Problem One of the core challenges facing the microfinance industry is how to accurately and efficiently model credit scores - in other words,  how can we best predict the whether someone will pay back their loan?  This often comes down to: how much do you know about the consumer (read: what data do you have), and how accurate is this information in telling you about their ability and willingness to repay? Background In the developed world, banks (being the main sources of loans)...

William Lee
by William Lee
21 Votes
Comments 12
William Lee

As of the end of week 2, the Health team has been fully immersed the communities of Nancholi and Blantyre City, smashing data collection goals and gaining some really valuable insights from the survey responses provided by locals.   Based on these interactions, it has become quite clear why Malawi is considered to be the ‘Warm Heart of Africa’. On the whole, respondents have been very open to answering questions and doing all that they can to welcome us to their communities. In line with...

Annabelle Bennett
by Annabelle Bennett
17 Votes
Comments 17
Annabelle Bennett

Why: understanding market price and its volatility/seasonality is an important issue in any market.  Problem: currently, we collect data in time consuming, labour intensive ways - usually in the form of interviews, and thus fail to get accurate data nor enough sample size to perform meaningful data analysis. Idea: getting market sellers to text through price of *insert product* on a weekly basis to a phone number managed by PE. How to:  1. Recruit a few market sellers in both major and...

William Lee
by William Lee
10 Votes
Comments 3
William Lee

Within Malawi, there are various barriers to healthcare access especially within rural areas. These include but are not limited to extensive travel times, poor clinician availability, and health illiteracy. The Drones and Drug service aims to minimise the effect of these barriers to the healthcare center, and provide those within rural communities with access to both healthcare advice and pharmaceutical treatments. Currently, citizens living within rural Malawi travel up to 3 hours to...

Alessanda Oliveri
by Alessanda Oliveri
5 Votes
Comments 7
Alessanda Oliveri

Since the end goal of our work in Malawi is to develop a sustainable business around a socially beneficial good or service, the Agriculture Assessment Team brainstormed an initial business model canvas. As we still do not have a clear idea of what our final product will be, it was a challenging process. Nonetheless, we laid the foundation to ensure that the whole team and future teams will be on the same page. This can be subject to further iteration as we continue to empathise with more...

Rachel Chan
by Rachel Chan
10 Votes
Voting closed
Comments 21
Rachel Chan

Atauro Island, sitting about 25km north of Dili, and visible from our accommodation on a clear day, has been deemed by Conservation International to have the world’s most biodiverse waters. I have seen for myself the incredible coral reefs sitting no more than 20 metres from the shore, and have seen some of the vast range of species of fish that occupy these waters. With a population of only around 8000, Atauro Island is truly an untouched paradise, which made it all the more surprising when...

Nic Makram
by Nic Makram
21 Votes
Comments 9
Nic Makram

Integrated Pest Management Strategies   Summary   The idea focuses on addressing over reliance and over use of pesticides by farmers in Malawi, though can be adapted for any region with an over reliance on pesticides. It aims to limit the input costs of smallholder farmers with already restricted amounts of disposable income by allowing them to utilize the crops in which they are using for Integrated Pest Management (IPM). This utilization will come through the household individual...

Isaac Crawford
by Isaac Crawford
11 Votes
Comments 3
Isaac Crawford

Hi guys, Soni here, from the Malawi July 2017 agriculture and social consulting assessment team.   I want to take the opportunity to share an idea looking specifically into micro financing and agriculture. First though, context! These past four weeks my team has worked to achieve our month long-goal to implement an experimental farm here in Blantyre, Malawi. We have successfully secured a one-acre parcel of land, through a partnership with the District Cabinet of Agriculture....

Soni Lawson
by Soni Lawson
13 Votes
Comments 4
Soni Lawson

Summary The idea centres around addressing inefficiencies of financial markets in developing economies. It aims to reduce the information asymmetry present in credit markets by providing lenders access to financial information of the borrowers. The effect will be to reduce interest rates being charged to small businesses, and allow them to reap greater rewards from financing. It is about making rural credit markets more efficient, by making it more transparent. Current Issue with...

William Lee
by William Lee
14 Votes
Comments 5
William Lee

Its nearing the end of week 2 on the ground in Vietnam and I think its safe to say this experience as been like no other. Both teams, water and agriculture, are making waves in country and huge progress has been made in such a short time! Meetings have been made, interviews conducted and data is coming in fast. Both teams are definitely on a roll and the groundwork for future teams is being laid at an exceptional rate, its a race against time to smash out as much as we can in the remaining...

Jennifer Voda
by Jennifer Voda
5 Votes
Comments 3
Jennifer Voda

The Social Consultancy team this month has already achieved some great feats, however has run into a number of issues. These issues are based around the feasibility of providing consultancy services in a very unique country. The team faces a significant barrier to providing a consultancy service: culture. When you provide a service, you have to understand the people you are providing that service to, and thus you have to have an in depth understanding of that culture.  After signing a...

Nate/ Nathan Lucas
by Nate/ Nathan Lucas
10 Votes
Comments 3
Nate/ Nathan Lucas

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William Lee

Sydney, Australia

Joined this community on Dec 22, 2016

University or Company
USYD

Degree or Work area
Business

Country you Trekked/are Trekking in
Malawi

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