DeFi and Microlending for Africa
Fund Size: $90,000 USD paid in Ada
How can we enable the creation of micro-lending and Defi dApp solutions that fits the African setting?
Why is it important?
Microlending and DeFi dApps targeted specifically to the African context & based on historical cultural norms will accelerate user adoption
How does success look like?
Businesses are confident to submit well-researched proposals that address the African micro-lending and decentralized finance context
Key Metrics to measure
- Submitted proposals well researched, viable and addresses traditional African financial cultural norms and practices
- 3 or more successfully funded micro-lending and Defi dApp launched within the next 3 funding rounds
- Minimum 50% user adoption in funded proposal’s target market within 2 years