The Film series 'E Go Better' was designed as an educative tool to enhance financial literacy among existing and potential clients of Microfinance Banks. The series is suited for screenings at workshops and trainings. The educative value of such screenings can be enhanced by discussions and Q&A-sessions in-between the episodes. The Message Booklet contains suggestions and guidelines on how the educative messages of each episode can be highlighted effectively during these group discussions.

1. The Message Booklet
The Film series 'E Go Better' was designed as an educative tool to enhance fnancial literacy
among existing and potential clients of Microfnance Banks. The series is suited for screenings at
workshops and trainings. The educative value of such screenings can be enhanced by
discussions and Q&A-sessions in-between the episodes. The Message Booklet contains
suggestions and guidelines on how the educative messages of each episode can be highlighted
effectively during these group discussions.
Episode 1: Oga's Price
Messages and Objectives:
• Introduction of major characters and plot
• Introduction of a potentially proftable investment idea for farmers (storehouse)
Suggested Questions:
The frst episode does not contain any technical information on Microfnance, but the group
could be warmed up with a Q&A session on the issue of the storehouse.
• Why do the farmers have to sell their potatoes at such a low price?
A: Because it is peak season and there are too many potatoes in the market.
• What kind of invention does Mangai come across which could help the whole group to
make more money at the market?
A: The storehouse
• For how long can the potatoes be stored safely in the storehouse?
A: Six month
• How can the group make money from the storehouse?
A: The farmers could store their potatoes until the market price raises and sell at a better price.
Episode 2: Money Dey Talk
Messages and objectives of the Episode:
• Savings and loans go hand in hand. In order to access a loan you frst need to have a
savings account.
• Explanation of collateral
• In Microfnance there is no collateral, instead the bank needs to establish a relationship
with their clients and assess their ability to re-pay a loan.
• Differentiation between ordinary Microfnance Institutions and proper Microfnance
Banks
• NDIC sticker as an orientation to identify regulated Microfnance Banks
• There are accessible places which render fnancial services especially designed for people
with low income
• Introduction to the practices of Wonder Banks
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2. Suggested Questions:
• What is a collateral?
A: Something of great value which serves as a protection for the bank in case the borrower
does not repay the loan. The value has to be enough to cover the loan amount plus interest.
• Do you need a collateral to access a Microfnance loan?
A: No
• What does the Microfnance Bank need instead of the collateral?
A: It needs to establish a relationship with the client and needs to be able to trust personality
and business idea of the client.
• What is the very frst step you need to take in a Microfnance Bank, before you can start to
think about a loan?
A: A savings account - you need to be a client of that bank.
• What are the minimal requirements after you have opened a savings account, before a
Microfnance Bank can trust you with a loan?
A: You need to be a regular client for a certain amount of time which means that you need to
bring in your savings regularly and consistently. Also, you need to save up a certain amount of
your requested loan.
• What are the specifc minimal requirements in the example of the flm? How much of the
loan amount of 200.000 NGN does the group have to save and how long do they have to
be with the bank?
A: They have to save 10% or 20.000 NGN over a time period of three month.
• Apart from the administrative requirements, you need to convince the bank of something
before they are going to be willing to give out their money to you - what is that?
A: Your business idea, you need to convince the bank of the fact that you are going to invest
the money into something profitable.
• What is the major difference between usual Microfnance Institutions and actual
Microfnance Banks?
A: Microfinance Banks are regulated by the Central Bank of Nigeria and have their savings
insured by NDIC.
Suggested discussion topic:
• Why do you think Microfnance Banks want to know everything about your investment
and why do they have all these requirements like the waiting period and the minimal
savings before they give out a loan?
Key aspects: Absence of a collateral creates the need for alternative security against the
default of the borrower; the bank needs to be sure that your proposal is viable; a close
relationship between client and bank is a basic requirement for Microfinance.
Episode Three: Make We Gather
Messages and objectives of the Episode:
• Introducing an income and expenditure calculation
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3. • Microfnance Banks are no charitable organizations, you have to repay your loan with
interest
• Calculation of the cost of a loan: A loan is not cheap, use it wisely!
• Make sure you understand the price of your loan. Don't be shy to ask for further
explanation and clarifcation, if needed!
• After you have gone through the process to show your fnancial credibility, you are
rewarded with the trust of the bank and access to cash.
• It is good to share responsibility - form a group and take a collective loan.
Suggested Questions:
• Are Musa and the other farmers taking the loan individually or as a group?
A: group
• What is Musa's group doing in order to make sure everybody is taking up the necessary
responsibilities like e.g. the regular payments of the loan instalments?
A: They formalize into a group, adopt by-laws with common rules for all members and elect
officials for certain tasks.
• What do you need to do if you want to get a clear picture of how much you earn on a
regular bases?
A: income and expenditure calculation
• So how can you do this income and expenditure calculation?
A: You need to note down on a daily bases how much you have spent and how much you
have earned from your business, you subtract the expenditure from the income and note the
sum as your daily cash flow (profit or loss).
• What is the main advantage, if you have a clear picture of your regular income?
A: Knowledge about the profitability of your business will help you to plan ahead for future
investments. It will also help you to know what kind of loan settlements you can afford.
• When you repay a loan, are you going to give the bank more or less money than what
you received?
A: significantly more
• How much money is Musa's group receiving and how much do they have to pay back
including all charges?
A: They receive 200.000 NGN and have to pay back almost 250.000 NGN.
• Why does Mangai tell Musa they should still go ahead with the loan, even though they
are charged a total of 50.000 NGN for their loan?
A: He tells Musa, that they will be able to make more money with the storehouse after a few
harvests. So, if they don't build the storehouse, they will actually lose more money at the
market.
Suggested discussion topics:
• Why do you think the bank is charging a relatively high amount?
Key aspects: Microfinance Banks are business ventures and have to make profit; compared to
commercial banks they are faced with higher administrative costs in the day to day dealings
with loan groups; the bank has to manage risks, managing these risks involves costs which
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4. need to be covered by returns.
• What are the pros and cons of taking a group loan?
Key aspects: As a group you can apply for higher loans and the responsibility is distributed on
more shoulders; you don't stand alone in the financial struggle; in a group you need to create
binding rules, which everyone has to respect; within the group you have to be able to trust
one another.
Episode Four: Awoof Dey Run...
Messages and objectives of the Episode:
• To achieve a dream or a fnancial goal you need to set priorities and use your money
productively.
• Be aware of Wonder Banks!!
• Avoid having to ask other people for money.
• Responsible money management can spare you and your family many troubles in life.
Suggested Questions:
• Why did Mangai change his decision to interfere as he saw Azizah dancing with another
man and he returned the money into his pocket?
A: He knew he needed the money to pay back the upcoming loan instalment for the
storehouse. A flashback of the lady at the market reminded him, that to achieve his dreams,
he would have to go through tough times.
• What did Chief Alhaji say about the storehouse?
A: He said, it was a great idea to achieve a better market value not only for potatoes but for
other crops as well and it could really develop the community.
• Why did Undu have to go and ask Alhaji's wife Rashida for money?
A: Because she lost all her money to the Wonder Bank 'Power Finance' and can't pay for the
medicine of her child.
• What was it that attracted Undu so much to Power Finance?
A: The high interest rate or the prospect to make high and quick profts
Suggested discussion topics:
• What do you think about the idea of the storehouse? Is it a good investment idea or not?
Key aspects: The costs for a storehouse are not too high and the fluctuation of prices is very
strong, which creates the opportunity to increase the income; but it will take some time before
the costs of the storehouse are regained.
• What different approaches did you observe between Undu and Mangai in the way they
handle their money?
Key aspects: Undu wants to gain fast and likes to spend on new cloth and shiny things,
Mangai plans over a long period of time, pursues a clear goal and resists temptations.
• Wonder Banks: Have you come across one before? How are they operating? What makes
them so attractive? Why are they dangerous? How can you protect yourself against them?
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5. Episode Five: An August Visitor
Messages and objectives of the Episode:
• Explanation of interest
• Function of the National Deposit Insurance Corporation (NDIC)
• Be aware of the penalties if you do not pay back your loan on time. These penalties will
further increase the cost of your loan.
• A successful loan re-payment gives you better access to new loans, can increase the loan
amount and decrease the costs.
• Once again: Be aware of Wonder Banks!
Suggested Questions:
• What did pastor Raymond say about the strategies of Power Finance? Why did he initially
invite people to join the Wonder Bank?
A: A common strategy of Wonder Banks is to use prominent community members like pastors,
traditional leaders or imams to advertise for the bank. They will actually pay out good profits
to these clients in order to lure more people into the scam.
• What does Mangai say would happen if the group was not able to pay their loan
instalment in time?
A: The group would be confronted with penalty charges and any future cooperation with the
bank would be damaged
• What is Ms Gloria offering Musa and Mangai after the group has re-payed all their
instalments in time?
A: She said (one) the bank will be more inclined to pay out a second loan, (two) there would
be no more waiting period, (three) the group could apply for a higher loan, (four) the charges
of the loan can be reduced
• What service is NDIC offering to the clients of Microfnance Banks?
A: NDIC insures the deposits of all Microfinance Bank clients up to 200.000 NGN
• There are two groups in a Microfnance Bank: Group A has saved 150.000 NGN and Group
B 220.000 NGN. The bank collapses and NDIC comes to compensate the groups. How
much does Group A receive and how much Group B?
A: Group A: 150.000 NGN; Group B: 200.000 NGN
Suggested discussion topic:
• Why do you think it is important to pay back loan instalments on time?
Key aspects: Otherwise any options for future loans are heavily reduced; if the bank does not
get back the money it can't pay out loans to other groups; a good cooperation between bank
and client brings benefits for bot.
Episode Six: Hamma!
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6. Messages and objectives of the Episode:
• Set fnancial goals and try to achieve them step by step.
• Invest wisely and innovatively.
• Saving money is an essential step to achieve your fnancial goals.
• A well planned loan is a powerful catapult for your business idea.
• If you work hard for a dream, even the most unbelievable ones can come true -
Microfnance could help you along the way.
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