Peer to Peer Microlending: A Charitable Donation Management Platform on Blockchain

Microlending aims at providing low-barrier loans to small to medium scaled family run businesses that are financially disincluded historically. These borrowers might be in third world countries where traditional financing is not accessible. Lenders can be individual investors or institutions making risky investments or willing to help people who cannot access traditional banks or do not have the credibility to get loans from traditional sources. Microlending involves a charitable cause as well where lenders are not really concerned about what and how they are paid.

This thesis aims at building a platform that will support both commercial microlending as well as charitable donation to support the real cause of microlending. The platform is expected to ensure privacy and transparency to the users in order to attract more users to use the system. Microlending involves monetary transactions, hence possible security threats to the system are discussed.

Blockchain is one of the technologies which has revolutionized financial transactions and microlending involves monetary transactions. Therefore, blockchain is viable option for microlending platform. Permissioned blockchain restricts the user admission to the platform and provides with identity management feature. This feature is required to ensure the security and privacy of various types of participants on the microlending platform.