Haraka
Since
2024
About
Empowering global innovation through trust-driven capital connections
Haraka is a blockchain-based community credit protocol that uses social reputation as collateral for underwriting loans. It bridges real-world asset investors in tokenized private credit markets with entrepreneurs globally, providing capital through loans in local stablecoins to help businesses grow. This innovative approach fosters inclusive financing by leveraging social trust within decentralized ecosystems.
Use Cases
Microloan Access for Entrepreneurs
Entrepreneurs use social reputation to secure low-interest loans quickly,fueling business growth without traditional collateral.
Community-Backed Credit Building
Local communities collectively vouch for members, enhancing creditworthiness and reducing default risks in decentralized lending.
Global Investor-Entrepreneur Bridge
Investors in tokenized credit markets provide capital in local stablecoins toglobal small businesses, fostering inclusive finance.
Reward-Driven Credit Improvement
Users improve credit scores by participating and borrowing responsibly, earningrewards that boost financial reputation and opportunities.
Key Features
Web3 Microloan Platform
- Issues stablecoin-based microloans based on social reputation.
- Aims to redefine credit worthiness by turning social capital into financialopportunity.
- Utilizes blockchain to transform lives in local communities.
- Focuses on projects with real impact, such as their work in Kenya with $cKES.
- Operates a blockchain-based community credit protocol that leverages socialreputation as a form of 'collateral' for underwriting.
Financial Inclusion
- Targets individuals overlooked by traditional finance, offering services likesavings, borrowing, and credit building.
- Launched programs in Kenya and Ghana to test reputation-based lending.
- In Kenya, they engaged 250+ micro-entrepreneurs across 40 groups, disbursing2.5M cKES with an average loan size of 10,000 KES.
- Partnerships with organizations like the Grameen Foundation to engagemicro-entrepreneurs in rural areas.
- Aims to deliver credit to underserved communities more cheaply and quicklythan traditional methods using stablecoins.
(Founder)
FreeWill Le
(Founder)
Jessica Gbt
Website
haraka.xyz
200B
stablecoin volume last year
510M
community finance participants
