Jia Expands Credit Solution on Huma Platform to Address Global Credit Gap
Jia, a blockchain-based financing platform, is partnering with Huma Finance to address the $5 trillion global credit gap in emerging markets. Here are the key points:
– Jia connects capital to small businesses in emerging markets, while Huma builds infrastructure for real-world lending.
– The credit gap in emerging markets prevents individuals and small businesses from accessing formal credit and necessary financing.
– By utilizing Huma’s DeFi infrastructure, Jia can expedite transactions with fairness and transparency, creating opportunities for entrepreneurs to grow their businesses.
– Jia has already originated loans to more than 500 borrowers in Kenya and the Philippines, and plans to scale up their credit solution to $500k within the next six months.
– The capital raised through Jia’s platform has already made a transformative impact on small businesses, such as a medical practitioner in Kenya who used a loan to maintain a crucial supply of lifesaving medicines, and a store owner in the Philippines who expanded her inventory and product lines.
Hot Take: Jia and Huma Empower Small Businesses in Emerging Markets
Jia’s expansion on the Huma platform demonstrates the power of DeFi to support practical use cases and provide digital financial resources to entrepreneurs and small businesses in emerging markets. By addressing the global credit gap, Jia and Huma are driving economic growth and financial freedom in these markets. With their seamless real-world lending experience, they are breaking down financial barriers and creating opportunities for individuals and businesses around the world.
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