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DeFi and Microlending for Africa

$250,000.00 Requested
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Community Review Results (1 reviewers)
Addresses Challenge
Feasibility
Auditability
Problem:

How can we enable the creation of micro-lending and Defi dApp solutions that fit the African setting?

Yes Votes:
₳ 42,654,779
No Votes:
₳ 20,335,604
Votes Cast:
433

Challenge brief

–––––CHALLENGE UPDATE––––

With the first iteration of this proposal successfully voted on and now, with a challenge pot more than double of the original, we can move beyond research and begin to fund projects with serious plans for implementation.

Sources:

  1. Why conventional banking is not working for sub-Saharan Africa: https://www.imf.org/external/pubs/ft/wp/2004/wp0455.pdf

  2. How mobile money and other Startups are solving the African banking crises although financial inclusion remains low: https://www.researchgate.net/publication/316847980_The_Rise_of_Financial_Services_in_Africa_An_Historical_Perspective_The_Importance_of_High-Impact_Entrepreneurship

  3. How mobile phones uniquely evolved to become the banking solution in East Africa:

  4. Financial inclusion in Africa: https://www.afdb.org/fileadmin/uploads/afdb/Documents/Project-and-Operations/Financial_Inclusion_in_Africa.pdf

  5. How Africa's ancient practices are being digitized for the future: https://qz.com/africa/1392527/africas-ancient-practices-are-being-digitized-for-the-future

Community Reviews (1)

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