credify

Imagine a scenario where a

college student wants money

to fund his next college trip

or wants to buy a new smartphone

or take his girlfriend out

and can't afford

to spend this much at once.

While paying in installments

will help him out a lot.

Traditional Banks don't deal with microfinance.

And other organizations solving this problem in a centralized ecosystem

A peer to peer lending system which helps students to have easy access to credit

Without Paying Collateral

and

Safeguarding Lender Against Fraud

We help in lending where

How do we take care of Bad Actors?

Lending a big amount of loan only if the students maintain a good history on the platform
Adding negative coins to the student's ethereum wallet valued equivalent to the lending amount
Whenever a user pays an EMI, the negative coins equal to the amount of EMI automatically gets deducted from the wallet. The amount of Negative Coin in the student's ethereum wallet can act as an indicator of his credit history. This helps to generate a credit score for the user which will help the lender to make a decision in the future for lending a user or not
A new user on the platform can borrow a loan, only if has some history of transactions in a coinbase wallet