LendConnect

Redefining credit for the underserved

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Inspired by real-life situations like the 2020 COVID-19 lockdown—where daily wage earners and rural households were left without access to emergency credit—we've developed a Decentralized Emergency Loan Platform designed to serve underserved communities. When people like Rani, a rural vegetable vendor, urgently need a small loan but lack a credit score or bank access, our platform enables them to request microloans via a multilingual interface, accessible even through SMS or WhatsApp. The system uses PAN card-based authentication for basic identity verification and assigns a Trust Score to each user based on community referrals, repayment behavior, and basic data.

Loan requests are prioritized based on urgency, trust score, and holding period. A referral and review system helps strengthen trust between borrowers and lenders. Lenders are incentivized through minimal yet meaningful returns (1–2% APR) and gamified recognition (like badges for top contributors). Borrowers can also request loan extensions with transparent tracking of repayments.

Technologically, the platform runs on a modern stack—React + Vite for a fast, responsive frontend, styled with Tailwind CSS, and enhanced with Node.js and TypeScript. The backend is built on Django REST, with a mock blockchain implemented via a secure, hashed database ledger to ensure transparency and immutability of transactions. APIs manage key operations like user interface interactions and simulated money transfers.

At its core, this is a peer-to-peer (P2P) decentralized system that redefines creditworthiness by focusing on social trust instead of traditional scores. Our mission is clear: empower rural communities, support women in need, and build transparent, accessible financial systems for all.

Unfortunately we couldn't integrate the frontend and the backend, but they both work well individually. In the end we couldn't upload demo videos for the frontend and the backend together, so we have added it in the Youtube playlist, please consider it.

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