It was stated after a study that no one in the village had a financial plan. They just live daily without any plan and this doesn’t help them with making savings. - Jeremies Pimizi (Fly For Life)
The FinMango Solution
FinMango exists to financially empower lives and to solve problems related to money. Thus, to implement the strategy; we consulted, planned, organized, and created a simple budget plan for the Fly For Life team to implement:
BETA TEST 1.0
In computer science, the Lean Startup Process is the idea of building, measuring, and learning in repeat as a way to constantly improve a product. At FinMango, we follow the same protocol while implementing our strategies. Accordingly, we instructed the Fly For Life team to test our budget strategy with a small test group of 22 farmers.
BETA TEST 1.0: ANALYSIS
BETA TEST 1.0: CONCLUSION
The budgeting strategy was a success! The variance went from 0 (no weekly savings) to 20 (approximately $20 in weekly savings). We will now implement the same strategy at a larger scale.
BETA TEST 2.0
After a successful Beta Test, we introduced the strategy to all of the farmers in the Havu community and collected data for a total of 3 months.
About Our Partner:
FinMango is proud to partner with Fly for Life on this initative. Fly For Life is an NGO organization located in Lome, Togo. The organization offers opportunities to bring hope in communities through volunteering, internships and traveling.
Recently, Fly For Life planned, organized, and implemented an innovative solution to help reduce poverty while promoting sustainability via Fair Trade. The solution has social, environmental, and economical impacts.