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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

The project had experienced some troubles without a PEV presence in country during March through to May. Although all systems from that time period have been salvaged or noted, the project took a great loss due to this. Through people not making their payments, and customers not receiving feedback from PEV for months left users unhappy and the project losing money. Enlisting someone to run the project during off months, preferably in-country, as a means to maintain the business is needed for...

Andrew Vild
by Andrew Vild
0 Votes
Comments 3
Andrew Vild

Currently, Project Everest Ventures (PEV) Solar Consulting Team is offering 1 product via 3 payment methods in the Nancholi and greater Blantyre region: Upfront payments of K35,000 Monthly payment plan with K7,200 installments over 5 months (six payments total, including deposit) totalling K43,200 Layby sales: customer places a deposit of K10,000 (this amount can be increased/decreased, to try and make customers commit) to reserve the product, and pays the remaining K25,000 in a...

Aodhán
by Aodhán
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Comments 2
Aodhán
by
Aodhán

Introduction In-country operations for Solar Malawi resumed this June and is in its third week, continuing off from the previous team in February. As usual, the team’s goals revolved around sales of a solar product and the accompanying infrastructure (eg. software for automated texting, sales logistics, accounting, etc). The current version of solar product we are selling is the GD-8017A by GDLITE - a solar powered battery which discharges stored electricity in the form of a torch, up to...

Anthony Liu
by Anthony Liu
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Comments 2
Anthony Liu

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Anthony Liu

Australia

Joined this community on Apr 18, 2019

University or Company
UNSW

Degree or Work area
Science

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