Challenge Overview
Welcome to the HP LPC - Women's Community Savings Integrate Admin Tool UI with Node backend challenge. This project aims at creating a e-ledger mobile application that helps to simplify record keeping by digitizing it, thereby increase accuracy and improve data security.
Problem:
75% of the world’s poorest people do not have a formal bank account. Currently there is a solution to these people and it’s called community-based savings groups (also known as village banks) which are specifically designed and targeted to meet the needs of the rural poor for whom access to even the most basic financial services is extremely limited.
Client’s award-winning “WORTH Savings-group program” has reached nearly 400,000 women in 14 countries. It is important to understand what this program is about in-order to create this mobile application:
- Poor, primarily rural women get together in groups of 25 with a women’s economic empowerment model that integrates savings-led microfinance, literacy and numeracy, group banking, and micro-enterprise development, while strengthening social networks and empowering women to have a voice in their communities.
- Participants in each of the groups save/credit money on a weekly basis.
- The group’s savings are pooled, managed by the group independently, and available in short-term, low- interest loans to members, primarily for income generation.
- At the end of the six-month financial cycle, interest earned is distributed proportionately to group member’s savings, and members can decide to spend or to save it during the next cycle.
Currently, when the groups come together for their weekly meetings, all of the village bank transactions are recorded in each of the ledgers by hand. Group financial activity is currently tracked through paper, a system which is time-consuming and with greater opportunity for errors. The handwritten updating of ledgers is very cumbersome and vulnerable to errors - those errors, in turn, are very difficult to reconcile across the varied forms. So, there is an opportunity to further improve this program to more effectively serve its participants
Solution - The e-Ledger:
A shift from labor-intensive, handwritten paper records to digital accounting would drastically reduce banking transaction costs and the women’s opportunity costs for WORTH participation. This would also allow the client to enhance and improve existing training on micro-business and capital usage for existing groups while also including more women in the program.
This will be an online system (mobile app) to simplify record keeping, increase accuracy and improve data security:
- This mobile application would facilitate the existing record keeping - credits, debits, lending activities, lending calculators, loan repayment schedules, loan tracking, portfolio reporting.
The project involves building 2 apps
- Android app for users (standard users & management committee users)
- Admin Tool web app (to be built using node, Django)
We've built the node backend and the UI prototype for the Admin tool. The prototype currently uses dummy data and we now want to hook it up to the node backend. Both these are available in our Github repo (request access via the forums). We've also provided a mapping document for each screen and corresponding endpoints in the forums.
The Admin tool app requirements are available at the below link
Final Submission Guidelines
Submit the updated zipped source code
Provide a detailed guide with configuration and verification information
Provide a demo video of your submission (mandatory)
Winner will be asked to raise a pull request and resolve any merge conflicts