Monetary Ecologies and Repertoires: Research from the Institute for Money, Technology & Financial Inclusion. First Annual Report & Design Principles (January 2010).
Abstract
The Institute for Money, Technology and Financial Inclusion at the University of California, Irvine, was founded in 2008. Its mission is to foster a community of inquiry and practice on new forms of money and financial technology among the world’s poorest people. IMTFI awards fellowships to researchers in the developing world to conduct 12-month projects, many with a strongly qualitative component. This report discusses IMTFI’s research in 2008-09 and includes Appendix: 11 Design Principles for Financial Services for the Poor.
Appendix 11 Design Principles: 1) Design for social obligation; 2) Design for social rank; 3) Flexibility with sanctions; 4) Structured illiquidity; 5) Change the iconography; 6) Design with local values; 7) Design for convertibility; 8) Help calculate convertibility, 9) Design for relative volume, not increment; 10) Lucky Numbers, Tranches and Tiers; 11) Design for Cyclical Events.
They are presentedin a more graphic form within the report.