IslamicFinance.de

CFI and the Microfinance Centre (MFC) in Warsaw are working together to build a smartphone application to assist customers and improve their financial health. As part of the project, a simple financial health quiz was developed which will serve as the foundation of the application. Customers appreciated concrete, practical advice, particularly with regard to short-term money management. Instead of simply hearing what they "should" do in general terms, consumers want advice on "how" to do it. They also want help to prioritize among the many possible actions they could take. Too many tips can leave people overwhelmed and paralyzed. Users indicated that games, other quizzes, and memorable stories would help guide behavior and motivate ongoing engagement. The ability to print out tips, tools, advice, and a calendar for budgeting was suggested.