Last updated 4 years ago
How can we enable the creation of micro-lending and Defi dApp solutions that fits the African setting?
This is the total amount allocated to DeFi and Microlending for Africa.
Microlending and DeFi dApps targeted specifically to the African context & based on historical cultural norms will accelerate user adoption
Businesses are confident to submit well-researched proposals that address the African micro-lending and decentralized finance context
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: https://youtu.be/1O83CnrKfkk
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