WEEK six

Hey guys, we are now in week six as you can see we are moving forward,follow me and enjoy. This is my financial literacy course (CDV) well my cdv class in six week is the best among weeks i attend in the previous weeks, i have learn many thing about micro financial. Mr Asongo Abraham from micro financial office came and give the class more details about the micro financial. MICRO FINANCIAL: is a general term to describe financial service to low-income individuals or to those who do not have access to typical banking services. Micro financial is also the idea that low- income individuals are capable of lifting themselves out of poverty if given access to financial services.Financial literacy  as a micro financial it help  people to make the best way of felicity, it give individuals first  hard knowledge on how to manage their own resources , mostly is to teach them how to save not how to borrow .Micro financial  is divide into two sector, informal sector and formal sector. INFORMAL SECTOR: is define as contracts or agreement conducted with out reference or recourse to the legal system to exchange cash in the present for promises of cash in the future.The informal sector provides saving and credit facilities for small farmer in rural areas, and for lower- income households and small- scale enterprises .The procedures of informal schemes are they emanate from local cultures and customs, they are easily understood by the population.The informal sector mobiles rural savings and small saving from  low- income urban households. informal groups operate at times and on days which convenient for their members.Informal sector associations accept any amount of regular savings, even the most  modest sums which a saver  can a ford to set aside . The financial techniques on which such informal groups are based 1 end  themselves to the management of a large number of small accounts.Access to credit is simple , non-bureaucratic, and little based on written documents. Literacy is not a requisite.Within the informal sector, information is widely diffused. The regular meetings of informal savings and credit associations serve as a forum for dissemination of information.The interest paid on deposits in the informal sector compares favorably with that paid in the formal sector, thus providing an incentive of rural and small urban households to save. There are no investment opportunities for saving which have been mobilized but which have not bee lent. Repayment rates  are high. Because they emanate from local environment , informal groups are aware of  the problems that members may be confronted with, repayment difficulties in a pragmatic manner .Debt rescheduling is possible.Savings and credit mechanism in the informal sector are not geared towards accumulating funds before the peak when loan requests are highest. FORMAL SECTOR: A group of people usually employees ,that includes recognized income sources for paying income taxes based on all 40-hours, regular wages jobs contrast to information sector.The formal sector consists the business, enterprises and economic activities that are monitored, protected and taxed bye the government, whereas the formal sector is comprised of the worker and enterprises that  are not under government regulation.All those type of employment which offer regular wages and hours, which carry with them employment rights and on which income tax is paid. Loan application procedures are complex and require  reading and writing skills so that a file on the borrower may be established.Processing of loan requests is complex , resulting in long delays before final approval or rejection. Even when approval is obtained ,loans delivery is slow.Collateral requirements correspond to the situation of relatively well-off deposits or saving accounts in commercial bank, property  which  can be mortgaged.In formal sector transaction cost are high , also repayment rate are low. Furthermore, formal sector institutions do not have close contact with the environment in which they operate. Sometimes social repercussions, while at other time they do not sue for reimbursement, leading borrowers to believe that formal loans are free.The formal sector keeps written records on the activities of clients, although the information recorded is sometimes irrelevant.



Keep learning from me. My cdv class  week five is very interesting i have more evidence of some topics, which are team building , communication public speaking i learn many thing in my cdv class if you take cdv course it will help you how to save your money,plan your family and so many thing in life.

Well first of all am will like to talk about team building :is a process aimed at developing cooperation and team work with in a team member must share a common goal since each member of a team plays and integral .There also four stages of group growth .

Building a strong team that can achieve its objectives can be accomplished by incorporating certain characteristics that encourage success.After a leader is selected,team members are informed of the objective and when goals are expected in team -building activities to establish trust and camaraderie among teammates.

  • Interaction Among Teammates :Another characteristic of successful group team building is to encourage team members to take ideals and suggestions from other members into consideration.Individuals trust and support their fellow teammates and involve them in decision-making.Individuals are also tolerant of differences among other team members and try out new they suggest.
  • LINES OF COMMUNICATION:Team building requires a mechanism for communication between the team leader and team members and among members.Consistent communication in the from of news letters ,status reports,emails and meetings ensure that team members are up to speed on what has been accomplished and what still needs to be done.
  • DEFINITIVE DECISION- MAKING PROCESS:A successful group follows a procedure to make  decisions and  solve problems.This avoids the pitfall of extended and unproductive discussions that can result in frustration and inaction. A definitive procedure removes the burden of decision making  from one team member with strong opinions.The clearly stated procedure may be ensure that all members of the group have a hand in decisions. This procedure may be direct team members to reach consensus or decide by majority  vote.


Two  ways process of reaching mutual understanding, in which participants not only exchange encode information, news, ideals,and feelings but also create and share meaning .In general communication  is a mean s of connecting people or place .

Three types of public speaking.

Contact-making:those first impressions matter. Every interview ,audition or sales pitch, every stand at trade show or networking event is that first contact that could make all the difference.your public speaking  and self -presentation skills will influence the lasting impression you give, as they will be making their mind up about you within seconds.

Social speaking:- being able to stand up and make a confident speech to colleagues, family or friends, whether impromptu or rehearsed ,will enhance your social, business and professional image.

The high-stakes message:delivering the keynote speech at a business conference or making a successful training  presentation, giving a memorable performance or an inspirational and entertaining after -dinner speech all require polished and confident speaking skills

Three main speaking styles.

Cool presenter;is very cool nature individual.

Hot presenter ; he is very hot he read for any questions.

Dull presenter;he does not know what said he is just their.

Tips for using visual aids.

  • Avoid chalk boards
  • Prepare visuals in advances
  • Prepare them large enough
  • Avoid passing aid among audience
  • Follow me guys this is my financial literacy course

week ll


Chimamada Achichie tell the story of how she found her authenetic cultural voice and warms that if we hear only a story about the person or country we risk a critical misuderstanding—— TED-ED VIDEO— I wrote exactly  the  kind of stories was reading ; All my charaters were white and blue – eyed….

The Danger of a single story i thought the part in the video where she was taking about how her professor—- summary who ; 80 + 10th grade english students both surevery and honors students.


Summary and reviews of the boy who harnessed the wind by William kamkwamba, plus links to a book excerpt from the boy  who Harnessed  the wind .

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One of the biggest obstacles we face in the fight against poverty is that all too often, we don’t know what works and what don’t because we don’t collect good data.

Esther Duflo explain,applied a similar how, by using system of randomized controlled trials, we can  take the “guess-work out of aid .To make this real, she ask three  simple question and offers three simple solutions; how to immunize children, how to stop malaria and how to get children into school? In my own word , the most effective  way of saving children lives yet millions of children still die  every year due to preventable illnesses .So what measures could we take to encourage mothers to immunize their kid, to make immunization a priority.

The finally question Esther Duflo looks at the best way to get way to take children in to school, a question aid agencies have always grappled with.After conducting another randomized controlled trail the evidence showed that if you educate people  about the benefits of going to school, the number of a year of a child goes to school increases to an astounding 40 years for every 100 of aid spent.in traditional ways such as providing food,school uniforms.in the video i found that in a area where intestinal worms,deworming  the children got you many years of education.At the end of the video Ester has approach development  project in logical ways and how to solve problem of poverty and how to be come ends in the word.

For evidence watch the video in TED TALK .,……..images (66) images (25)images (25)images (89) 52369_1526423277734_1149216262_31185819_7082051_o

week four

Poverty and Risk:A review of poor economics. A radical thinking of they to fight global poverty, by Abihijit v.Banerjee and Ester. How,if at all can risk analysis help us to better understand and address the interlinked challenge of global poverty the self-perpetuating feedback loops, or vicious cycles,of low income,education,and proclivity, poor nutrition and young children and especially for infants and young children and especially for girls in many countries.Woefully inadequate medical care and disease prevention,denied opportunities costly access and credit, insurance, and saving account, low rates of individual and societal saving and investment,inefficient and corrupt institutions, and slow or negative economic growth? These problems are notoriously recalcitrant.They appear at first to be largely the consequences of political and economic conditions that have little to do with the usual risk analysis concerns of risk perception, assessment, management, and communication, Yet if well researched claims in a recent book  on the economic of poverty poor economics; A Radical rethinking of the way to fight Global poverty ,by respected economics Benejee and Duflo are contest then these traditional risk analysis discipline may be crucial in figuring out how to replace vicious cycles with virtuoso ones, helping to shift people and countries grappled in cycles of poverty onto a path toward greater and more predictable growth in property, health, education, nutrition for children and financial well-being.