Assessment of Financial Capability, India
The Alternative Financial Education programme was designed by MicroSave, for CASHPOR Micro Credit (CMC)–a leading MFI in north India. The AFE programme was based on product led financial education approach, aimed to enhance knowledge, skills, and attitude of participants on product available to them. The objective of the assessment was to identify changes in programme participants' knowledge, skills, and attitude, and understand key benefits to CMC. We used Bamboo Ladder (BL) tool evolved from the Self-Anchoring Striving Scale. The BL permits respondents to express their perceptions without imposing forced choices through Western style questionnaires while allowing comparisons over time. To explore benefits to CMC, analysis of operational data was done along with interviews with the staff.