Loop

Access to financial services remains a significant challenge in regions like Latin America (LATAM) and Africa, where millions of people are excluded from traditional banking systems. This financial exclusion leaves families unable to address urgent needs like healthcare, education, or housing, while entrepreneurs struggle to access the capital necessary to grow their businesses. High-interest rates, lack of collateral, and mistrust in institutions only exacerbate these challenges.

To address this, we’re building a decentralized platform designed to provide accessible, transparent, and fair loans to unbanked and underbanked individuals. By leveraging blockchain technology, we can eliminate intermediaries, reduce operational costs, and offer loans with flexible terms and lower collateral requirements.

Our solution focuses on inclusivity and ease of use. Through a mobile-friendly interface, users can request small loans by providing minimal financial data or collateral. Smart contracts handle loan validation, disbursement, and repayment, ensuring trust, transparency, and immutability of agreements. This enables users to access loans securely without the complexities of traditional banking.

The platform targets LATAM and Africa, where the need for accessible financial tools is critical. By offering small, affordable loans, we aim to empower individuals and communities to handle emergencies, invest in education, and grow businesses.

Our mission is to drive financial inclusion and economic growth, one loan at a time. With scalable infrastructure and plans to expand globally, we are breaking barriers for millions of people. Join us in making financial access a reality for everyone!

I am using Celo as primary technology to focus in applications, wallet connect for the easy login for new users or users that are already inside the web3 space, and finally blockscout to verify and interact with the contracts.

The application was made using a Next/hardhat/circom stack