ID: #900120 | Status:
Complete

Impact lending for the unbanked

Problem

Financial services for 1.7 billion adults who are unbanked are limited. Microfinance’s interest rate (global average: 35%) is much higher than that of bank credit (10.31%). 日本語

Solution

A P2P lending platform with low interest rates for the unbanked, powered by Impact Score instead of credit history.

Completed outcome

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Total to date

This is the total amount allocated to Impact lending for the unbanked.

$63,600
Total funds requested
Distributed: $63,600
Remaining: $0
Complete
In Progress
To be completed
543
Total votes cast
₳228M
Votes yes
₳42.2M
Votes no

Monthly report

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Team

Socious is a fast-growing impact community with 1,000 MAU, supported by 500Global and Microsoft. The team has extensive experience in the impact sector and is comprised of experts in impact measurement, finance, data science, and blockchain development.

Seira Yun Socious.io
Seira Yun Socious.io