W02 Case Study: SMART Goals

While the Chiramba's day-to-day challenges often consume them, they would like to move beyond to greater stability and focus on more than just their immediate needs. Brother and Sister Chiramba express aspirations such as improving daily necessities, accessing healthcare, and ensuring education beyond primary school for their three children. However, their lack of financial education and budgeting, inconsistent income streams, and some informal debt make it difficult to get beyond their immediate financial needs.

The table below lists the Chiramba Family’s assets and debts. Use this information to help with your Week 2 case study activity worksheet.

Chiramba Family Net Worth Items

Description

Value

Interest Rate

Cash

500


Farming Equipment

500


Loan from boss

150

3%

House

10,000


Loan to neighbor

100

2%

2 Bicycles

50


Loan from Government

100

5%

Clothes

200


Home Loan

1,300

6%

Household Items

450


Tools

80


Loan from Bank

200

8%

Coins/Precious Metals

150


Seeds/Fertilizer

200


School Supplies

150