Distributed financial support
Problem
Small communities in emerging economies do not have adequate access to financial services.
Solution
We plan to facilitate decentralised access to credit for individuals who otherwise don't have access to traditional credit sources.
Total to date
This is the total amount allocated to Distributed financial support.
About this idea
https://andybowness.wixsite.com/fida-services - WIP
We require the funding to fulfil development of the MVP and demonstrate viability of the project and demonstrate the use case for similar dapps in emerging economies in future. We aim to attain a critical mass of transactions in a specific community in Kenya that is already identified. We aim to attain a critical mass of users to utilise the product to execute financial transactions using the Cardano blockchain.
The $40,000 would deliver the ability for users to create a wallet and transfer native assets between users.
This would be an initial phase of an ongoing project that we anticipate would include the creation of loan agreements between users executed via smart contract on the blockchain.
40000Team
Applicant 1: Product Owner in Financial Services https://bit.ly/3bUMF75
Applicant 2: Lead developer https://bit.ly/3bROTUV
