Global Abundance Project microfinance

The Global Abundance Project aims to facilitate microfinance loans in developing countries using a simple platform with funds distributed in ERC20 tokens and with each borrower's loan and repayment history stored in a smart contract. As soon as is practicable, we will use the Qi Currency as the token in which funds are transferred.

Stack:

Node.js & PostgreSQL backend,

Ropsten testnet for running smart contracts in Solidity

Twilio and ngrok to integrate with IDbox

Flow overview:

Loan receiver pages (mobile first, responsive down to 320x240):

• registers with IDbox blockchain separately, and associates phone number with fingerprint.
• sets up Ethereum account using MetaMask separately.
• User lands on page with no Ethereum account set up -> Welcome / info page with instructions
• User lands on page with Ethereum account set up but no loans outstanding -> Displays credit rating and available loans
• User lands on page with Ethereum account set up and loans outstanding -> Displays credit rating, loan due date, loan payment information (ethereum address)
• User pays off part of loan -> Page updates with thankyou AND
• if the whole loan paid off, redirects to Thankyou page, with credit rating and message about credit rating.

[ONBOARDING FLOW](https://raw.githubusercontent.com/morkeltry/GAP-microfinance/master/onboarding.png | width=600)

[LOANS FLOW](https://raw.githubusercontent.com/morkeltry/GAP-microfinance/master/loans.png | width=600)

Lender portal (responsive for desktop / modern mobile):

Login page

• Login

  Console page features

• Display/ Update incoming payments address;
• Display/ Update minimum and maximum loan amounts
• Display/ Update preferrred loan amount
• Display/ Update minimum and maximum loan duration
• Display/ Update preferred loan duration