Tools Clinic: Using Financial Diaries to Develop Products for Women
This Tools Clinic is the next workshop in a series on Gender Data and Analysis. It builds on earlier FinEquity workshops - Using Financial Diaries to Analyze the Women's Market (April 2023) and Understanding the Women's Market Through Gender Data and Analysis (December 2022) - and the FinEquity Gender Data and Analysis Knowledge Guide.
During the April Tools Workshop, MicroSave Consulting (MSC) and L-IFT presented their approach to financial diaries research, what they learned, the challenges faced, and most importantly, how they used these insights. In small groups, participants had a chance to discuss the research conducted by MSC and L-IFT in more detail, as well as to hear about FINBIT, a technology to support financial diaries research.
This Tools Clinic for financial service providers (FSPs) goes a step further to examine how FSPs can use financial diaries research to design and improve product offerings. L-IFT facilitators will walk through case studies from Nigeria, Morocco, and Senegal and will demonstrate how to interpret data from financial diaries and discuss how it was used to develop products for the women’s market. Participants will learn how FINBIT supports financial diaries research by collecting and analyzing financial and livelihood data. We will also discuss data ownership, challenges that FSPs may have in collecting and analyzing data, as well as why some products do not come to fruition.
Note: This practical clinic will be limited to a small number of FSPs in order to have more interaction with the facilitators.
About this event
Haimanot Tiruneh is a technology manager with a passion for creating practical solutions. With a background in mathematics and physics during his undergraduate studies, he brings a strong foundation in analytical thinking and problem-solving to his work. Haimanot has played a pivotal role in developing and delivering FINBIT, a multi-purpose financial monitoring system. Haimanot is currently pursuing a part-time Master's degree in Analytics at Georgia Institute of Technology which is helping further refine FINBIT.
Frehiwot Sinishaw has a master’s degree in public international law. She has 6+ years’ work experience with L-IFT. She is responsible for recruitment, coaching and monitoring field researchers and supervisors. She assists in giving training to field researchers, report writing, proposal writing and data processing. She contributes to communication including assisting in social media and website activities, in addition to document organization and facilitation of conferences and meetings.
John Kamau has over 6 years of experience in data, diaries research and machine learning. He has a degree in Economics and is finalizing a Master's degree in data analytics. He is proficient in Python and R and has worked with visualization technologies like tableau and Dash. He has worked with startups in the financial space building credit scoring systems and is currently the data lead at L-IFT.
Mhlalisi Ncube is Programme Manager at L-IFT BV responsible for its activities in Southern Africa from his base in Bulawayo, Zimbabwe. His focus is on enabling people to self-report their financial diaries and themselves benefit from the reported data. He manages the IMBE work with 2000 ECD preschool entrepreneurs self-reporting in FINBIT, the Corner Shop project across 11 countries, and recently started FINBIT work with Africa Foundation’s hustler programme. Mhlalisi studied Sociology and Anthropology at Manhattanville College in New York.
Theresa Thin is L-IFT’s Programme Officer in Myanmar. She is responsible for recruitment, training, coaching and supervising the field supervisors and promoters/data volunteers for the different L-IFT Myanmar projects. She liaises with the clients on logistics and is an expert in working with the different software tools (including the FINBIT App) that L-IFT uses. She holds a Bachelor of Science in Mathematics from Dagon University and a Diploma in Business Management from De La Salle of St. Benedict College.
Jenny Morgan is FinEquity's Impact Pathways Thematic Lead. She has over 15 years of experience in inclusive financial growth, entrepreneurship and small business development, women’s economic empowerment, and resilience.