Avoid Bad Debt — Illustrated Course for Non-Literate Farmers
Source: Total Money Makeover (10M), Wealthy Barber (2M), I Will Teach You to Be Rich (2M) Quantum score: 102/100 Farmer Rule: Moneylenders charging 50% interest will take your land. Borrow only from MBC at 12-15% via M-Pesa.
6 ILLUSTRATED MODULES
Module 1: Concept Introduction
[ILLUSTRATION: Two lenders. LEFT: Moneylender with 50% sign. Farmer borrows 1,000 MZN. Must pay back 1,500 MZN. 500 MZN gone forever. Red X. RIGHT: MBC agent with 12% sign. Farmer borrows 1,000 MZN. Pays back 1,120 MZN. Only 120 MZN cost. Green check. Same loan, different cost.]
Module 2: Right Way vs Wrong Way
[ILLUSTRATION: LEFT (red X): Farmer borrows 5,000 MZN at 50% from moneylender. At harvest, owes 7,500 MZN. Can't pay. Moneylender takes 2 bags of grain worth 10,000 MZN. Farmer LOSES money. RIGHT (green check): Farmer borrows 5,000 MZN at 12% from MBC via M-Pesa. At harvest, owes 5,600 MZN. Pays via M-Pesa. Keeps profit. Green check.]
Module 3: Step-by-Step Action
[ILLUSTRATION: 4 panels. Panel 1: Need money for seeds? Go to MBC, not moneylender. Panel 2: MBC checks your credit via satellite (free, no paperwork). Panel 3: Loan arrives on M-Pesa phone in seconds. Panel 4: Repay AFTER harvest via M-Pesa when you have money.]
Module 4: Real Farm Example
[ILLUSTRATION: Farmer Eduardo in Tete. Borrowed 10,000 MZN from local moneylender at 50%. Bought seeds. Harvest failed (drought). Owed 15,000 MZN. Moneylender took his bicycle and 3 bags of grain. Lost more than he borrowed. Red X. Next time: borrowed from MBC at 12%. Harvest partially failed but owed only 11,200 MZN. Repaid over 2 seasons. Kept his assets. Green check.]
Module 5: Quick Check / Self-Test
[ILLUSTRATION: Q1: Moneylender 50% or MBC 12% — which is better? (circle MBC). Q2: When do you repay? (circle picture of harvest, not picture of moneylender demanding). Q3: What happens if you can't pay a 50% loan? (circle picture of land/bicycle being taken away).]
Module 6: Common Mistake
[ILLUSTRATION: Farmer borrows to buy a phone (red X — consumer debt for depreciating item). Next to it: farmer borrows to buy seeds (green check — productive debt that generates income). Lesson: borrow only for things that MAKE money, never for things that LOSE money.]
