In India, a significant number of people die by suicide due to factors including bankruptcy or indebtedness, with government data revealing over 5,213 deaths in 2020 alone. In many low-income and rural communities, access to formal credit remains a distant reality due to the lack of traditional financial infrastructure, credit histories, and collateral. This initiative seeks to bridge that gap by developing a peer-to-peer (P2P) emergency loan platform that empowers individuals through community-based lending. By leveraging social trust scoring—which draws on peer endorsements, repayment behavior, and community interactions—alongside the transparency and immutability of blockchain technology, this platform enables secure and inclusive microloans without relying on conventional credit systems. The goal is to create a decentralized, multilingual solution that fosters financial inclusion and resilience for the underserved, especially in times of urgent need.
Built With
- fastapi
- pycharm
- websockets
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