Trusted Lending Circles

Build and access credit within a trusted group, powered by the blockchain.

John needs a new motorcycle for his delivery service. He can invite people he knows to help him save up.

John creates a Lending Circle. Once he sets the rules and length of time, people can accept and join.

John starts the Lending Circle.

People contribute money
according to the rules John has set.

At the end of each contribution round, the money
pooled gets distributed
to a single person in the circle.

In some circles, people can bid to win the pool. In others, the pool gets distributed to people according to a set schedule.

John can now afford his motorcycle. People in the circle have more money to spend, too.

After the Trusted Lending Circle ends, John (or anyone) can start another to continue to save and borrow with others.

CIRCLE TYPE: RANDOM

A random participant receives the full pool

CIRCLE RULES

10 rounds
1 per month
$100 per person
Smart Contract
Smart Contract
Smart Contract
Smart Contract
  • FOREPERSON
    FOREPERSON
    Round 5
    FOREPERSON
    FOREPERSON
    FOREPERSON
  • Round 8
    Invited
  • Round 1
    Invited
  • Round 4
    Invited
  • Round 6
    Invited
  • Round 10
    Invited
  • Round 3
    Invited
  • Round 3
    Invited
  • Round 7
    Invited
  • Round 9
    Invited
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6

John needs a new motorcycle for his delivery service. He can invite people he knows to help him save up.

John creates a Lending Circle. Once he sets the rules and length of time, people can accept and join.

John starts the Lending Circle.

People contribute money
according to the rules John has set.

At the end of each contribution round, the money
pooled gets distributed
to a single person in the circle.

In some circles, people can bid to win the pool. In others, the pool gets distributed to people according to a set schedule.

John can now afford his motorcycle. People in the circle have more money to spend, too.

After the Trusted Lending Circle ends, John (or anyone) can start another to continue to save and borrow with others.

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The Mission

Create a blockchain-based Lending Circle dApp promoting financial inclusion and lay the groundwork for new financial tools for unbanked and underserved people throughout the world.

View Whitepaper Learn about the WeTrust financial platform

Let us help

WeTrust is looking for local partners passionate about promoting lending circles as a tool for financial inclusion.

Let us help you design a strategy to bring the power of the blockchain to your project.

Let us help

Our beta dApp

Our beta dApp is a demonstration of fully functioning lending circles operating with smart contracts on the ethereum network.

There are obvious obstacles to full adoption in our target markets today, but we are working with the latest innovations in the blockchain space to address them.

Beta coming soon See our progress on GitHub
diagram

Production Milestones

  • End of September

    Product functionality for Trusted Lending Circles is finalized.

  • End of October

    Smart Contract Revisitation and Audit Completed.

  • December

    Trusted Lending Circles Product Release!


  • Mid-October

    Trusted Lending Circles Alpha Build Completed.

  • Late November

    Code & Features Frozen; Beta testing Commences.

Production Milestones

  • End of September

    Product functionality for Trusted Lending Circles is finalized.

  • End of October

    Smart Contract Revisitation and Audit Completed.

  • December

    Trusted Lending Circles Product Release!

  • Mid-October

    Trusted Lending Circles Alpha Build Completed.

  • Late November

    Code & Features Frozen; Beta testing Commences.

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