Decentralizing MFI and Financial Inclusion through DeFi
Blockloans is a scalable MicroFinance (MFI) Decentralized Finance (DeFi) App solution for developing markets that allows borrowers to obtain small, instant microloans using limited collateral at <10% APY. Now, two billion people worldwide who cannot access financial services because their financial repayment history is not held on ‘traditional’ sources will have access to microloans without extortionate payday loan fees, interest rates or other fees.
A Borrower creates or uploads their Self-Soverign Identity (SSI) in the BlockLoans Wallet
A Borrower transfers 50% of their collateral (if a secured loan) from their Wallet to the DeFi Lender
A Borrower recruits 5 individuals into their Family Collateral Circle to transfer a combined 50% of their collateral (if a secured loan) to the DeFi Lender
The Borrower receives their microloan in minutes
Product leader and entrepreneur. Founded companies in Social Impact, Fintech Mobile, Blockchain & AI.
Nobel Peace Prize Winner – Founder, Grameen Bank, Grameenphone
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