LendyHand

(No code project) The problem exists that conventional institutions and options access to loans limits accessibility.

Barriers to fair and affordable credit include: Lack of credit history due to age, geography, or other factors, no access to guarantor, and no access to collateral.

LendyHands allows multiple guarantors to each stake a small amount of capital, acting as collateral for a borrower.

The guarantors earn a return when borrowers repay their loan. Lenders are protected by a smart contract that settles the collateral in the event of non-repayment.

As beginners to blockchain technology, our team had a lot of fun learning about Zircuit and DeFi applications. We have never created anything in the space and came in with very limited knowledge. Without technical expertise, we appreciated a no-code track and environment that allowed us to try to create something of interest to us that could be impactful. Thanks!