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 |