Endorsing the marginalized

Who we are:

We are Kashin and, with our collaborative credit scoring, we are trusting that 45% of the population of emerging markets that today are financially marginalized and end up in informal lenders (loan sharks).

We have started with nano credits ($20-$120), then we will launch our wallet to facilitate payment everywhere without even onboarding merchants. Then we will guarantee rent, finance studies and why not even small vehicles, the sky's the limit. We can even facilitate our credit scoring to other Cardano dApps who can benefit from our credit scores, then unlimited possibilities can happen.

We've been Cardano advocates for a while, and MELD inspired us to leverage stake pools engagement for a higher purpose while making a good investment for ADA holders.

We currently operate in Peru with traditional loans, we are launching in Colombia in the next 8 weeks, and Mexico 8 weeks after. We will continue further with Brazil and Chile in 2022 Q3. We are a regional team with people already located in each of our targeted countries.

The problems:

- General credit exclusion problem: More than 70% of Latin America's population works informally, therefore they can't prove stable income and so they are marginalized by the traditional credit system that can't control the risk of this unknown market. People end up recurring to loan sharks that makes their initial problem even bigger.

- Funding problem: Now that we are controlling the default rate with our social algorithm, we need long-term sustainable funding to trust our socially validated users.

The solutions:

- We are successfully solving the General credit exclusion problem with our Collaborative Credit Scoring, we are the pioneers scaling social credits with technology*, and it is being proven with our low default rate (7% against 15% of the microcredit system and 20%-40% of other micro-lending startups). Our algorithm works this way: users increase their credit line and reduce their interest rate according to their own credit behavior and their first-degree friends.

- We aim to solve the Funding problem by engaging Cardano token holders to delegate their ADA to our stake pool(s). Then we use the rewards as collateral with liquidity providers to secure the debt funds needed to lend to our users in the "real world". In exchange for delegating ADA to our stake pool, we give our delegators our own Cardano-based tokens, such as MELD's successful ISPO.

Team:

- I am the CEO, before I was the Regional Manager of Cabify - the largest Uber regional competitor - & before I was a Consultant at McKinsey. [https://www.linkedin.com/in/chrobilliard/]

- Jose Manuel, our CTO, was Tech and Data Regional Lead for Cabify. [https://www.linkedin.com/in/thetex/]

- Jose Francisco, our COO, was Project Manager at Cabify and a former E&Y Consultant. [https://www.linkedin.com/in/jtimarchi/]

- Harinson Arrieta, our CGO, lead growth for MuniTienda, Helenas, & Picap. He has acquired more than 20 million users in his career. [https://www.linkedin.com/in/harrison-arrieta-montes-219a3077/]

- Matias Lopez-Therese, our CPO, is an experienced mobile apps operator & fundraiser. [https://www.linkedin.com/in/matiaslt/]

Mentors:

- Sean Sadasivan, Senior PM of Credit Karma, Angel Investor

- Mariano Perez-Lozano, Chief Transformation Officer of Rappi, Angel Investor

- Thamim Ahmed, Head of London School of Economics Crypto Lab

In 8 months operating we have these results:

- USD 80,000+ lent in 2,700+ loans from 1 to 4 weeks periods

- Average interest rate above 12%** and default rate below 7% (The system has 15% default and other micro-lending startups have defaults between 20% to 40%)

- +87 NPS points (Range: -100 to +100)

- Churn below 15% & ascending volume lent COHORT

Now we are preparing to open our stake pools and polishing legal requirements to launch our project in Cardano.

Deliverables:

1. To validate the engagement of the Cardano community with our project, we will create and evaluate the performance of two stake pools:

Deadline: 1 month from funding.

2. Our Cardano native token to give in exchange for the stake pool rewards.

Deadline: 6 months from funding.

Challenge success & KPIs:

Our project will be successful if:

After 1 month:

- We have the 2 stake pools up and running

After 3 months:

- We have more than 1,000 ADA holders staking in our stake pools

- We have more than 10M ADA staked in our stake pools

After 6 months:

- We have more than 10,000 ADA holders staking in our stake pools

- We have more than 50M ADA staked in our stake pools

- We start our Cardano native token distribution

After 12 months:

- We have more than 20,000 ADA holders staking in our stake pools

- We have more than 100M ADA staked in our stake pools

Budget:

- One dedicated Dev for the stake pool launch and operation for the initial 6 months: $18,000

- One dedicated Dev for the Cardano native token launch and operation for the initial 6 months: $18,000

- Servers and licenses: $1,000

Partnerships:

- MELD has successfully launched the first ISPO (Initial Stake Pool Offering), with over 270M ADA staked in their stake pools. We are on track to a long-term partnership for them to provide us liquidity from 2022 onwards.

- Vent is supporting us in the legal & tokenomics for our launch to market. We aim to give a clear utility purpose and create value for our token holders with the progress of our ecosystem

- ADABLUE is guiding us with learnings from the stake pool creation and operation.

IP

We have developed all our core technology in-house (credit algorithm, backend & app for Android).

Our webpage

https://kashin.app/

*There are good historic references from non-tech solutions for community lending such as India's Grameen Bank and Mexico's Compartamos Banco.

**Our protocol is set at 5% profit for sustainability, and we are working on automatizing interest rates for all our different user clusters.