Please describe your proposed solution.
In Nigeria and many African communities, there are savings and money lending organizations called AJO or Esusu. They are detailed in this wikipedia page, “Rotating savings and credit association
Our goal is to do an outreach campaign to these groups to research and understand the system and determine if Cardano is a good fit. We will listen to the group members for the problems they encounter and explain blockchain and help them to use Cardano wallets.
The project is divided into two phases that reflect the two groups of stakeholders.
In phase one, we will do outreach, education and onboarding with Nigerians involved in Esusu lending programs. The goal is to explain blockchain to them as well as listen to them about how the Esusu groups work and their experience. This will be invaluable information for the Cardano developers community.
Phase two is a similar outreach and education campaign for the Cardano developers community. The goal is to present the phase one research in an understandable way and answer the question - “Can Cardano smart contracts be built to effectively address the needs of Esusu groups?”
The Nigerian Esusu project will have a sustainable economic impact by providing solutions to the challenges holding back these groups from growth and scaling.
We feel there is a real need in the Esusu community which the Cardano community can uniquely address. Our team is ready, willing and able to bring these two groups together for mutual benefit.