TDC+ Pilot Project at UMW

TDC+ had 3 steps:

Step 1: Draw one slip of paper from the paper bag. This is your daily income. It could be $0, $1, $3…It will average to $2 per day.

Step 2: Draw your daily Income Shock from the other paper bag. It could be an unexpected medical expense of $.50. If so, subtract that amount from your daily income or the savings you have accumulated so far.

Step 3: If you cannot afford to live on your daily income for that day, then turn to others in your community for financial assistance or take out a consumption smoothing microloan from La Ceiba Microfinance.

Stay posted. More to come.