Auntie-Need-a-Loan and Financial Education

>Posted by Center Staff
Microfinance Transparency recently released an interactive video designed to share information about flat and declining interest rates in an engaging new way. It tells the story of “Chantal” and “Auntie-Need-a-Loan.” Auntie doesn’t read the terms and con­di­tions of her loan. Unfortunately, her carelessness leads her to get tricked by loan predators, pay high fees, miscalculate her interest, and miss her loan payments. The concept was created to help in­dus­try stake­hold­ers to con­vey im­por­tant pric­ing transparen­cy and con­sumer pro­tec­tion mes­sages.
In ad­di­tion to this an­i­ma­tion, “Aun­tie-Need-a-Loan” will be fea­tured in radio pub­lic ser­vice an­nounce­ments, train­ing ma­te­ri­als and other print ma­te­ri­als throughout Rwanda and Malawi.
Check out the full animation here!
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Have you read?
A Call for Caution in Judging the Merits of Financial Education: A Review of ‘Bridging the Gap
Structure for Success: Lessons from a Kenyan Financial Literacy Teacher
Who Needs Financial Education?