Dassi

Dassi is a blockchain based crowdfunding platform for zero interest micro-loans and collateral free commercial lending. Our platform is going to be a peer to peer lending platform based on Solana blockchain. This will help users to build their crypto credit scores and after building credit scores of users we can provide interest based loans to them for various purposes whose interest rates will be less than market interest rates. In this way both borrowers and lenders can be benefitted from our platform.

A brief overview of the project and different phases is given below:

Zero interest loans upto $25 just by uploading the Aadhaar card (government id) and KYC with phone. Borrowing amount can increase based on loan repayments. Crowdfunding platform providing Zero interest loans upto $1000 after verification by Guarantor. We will pay lenders 5% return on their investment from our side and we pay lenders principal amount from our side in case of loan default by borrowers. This will help us to build users and trust on our platform.

Launch zero interest loans without any limit on borrowing amount where lenders can lend for CSR just like kiva.org

Launch commercial collateral free loans having interest rate below market rate and lenders will receive upto 12% returns on their lending amount.

Launch credit cards with interest rates of around 10% that can be used on websites like Amazon to get emi’s on products like laptops, this will also help us build credit scores of our users. Normal credit cards charge interest from 15% to 30% and not everyone has access to those credit cards. Initial limit of Dassi credit cards will be $50 and it will keep updating based on user spends and emi repayments which can be analysed using ML and AI algorithms. These credit cards will interact directly with smart contract deployed on blockchain to transfer funds.

Cross platform business using credit scores data of users. One example is providing solar panels

All borrowing and lending will happen in solana spl token stable coins