laXmi - financial literacy education system for micro-financing
"laXmi” is designed for Semi / Illiterate women, who are engaged in Microfinancing. It is used at the time of formation of a Self Help Group, the basic unit of Microfinancing and is based on an old traditional floor game which is part of the culture in rural India. The analogue game is complimented by a an app that runs on an android phone/tablet. It is used by the NGO representative conducting the training session. It helps in creating an efficient method of recording financial transactions hence improving the effectiveness of the whole system.
The members simulate Microfinancing meetings using a set of cards and imitation money. laXmi helps the members understand the basics of loan, interest and its relationship to long term financial growth . laXmi is language independent, needs about 15 minutes of instruction and encourages participation in the process by all members.
Design process
The members simulate Microfinancing meetings using a set of cards and imitation money. laXmi helps the members understand the basics of loan, interest and its relationship to long term financial growth . laXmi is language independent, needs about 15 minutes of instruction and encourages participation in the process by all members.
Design process
"laXmi" is one of the seven finalists.....
http://worlddesignimpact.org/projects/project/35/
http://worlddesignimpact.org/projects/project/35/
