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Ajo Chain

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Ajo Chain

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Industries

Community and CollaborationFinance/DeFiInclusion

Technologies

Blockchain & infrastructureData science & analyticsNarrow AI

Tags

AICryptoGovernance & tooling

Description

AjoChain is a decentralized savings and lending protocol inspired by Africa’s ajo/esusu system. It uses blockchain for transparency and AI for trust scoring, fraud prevention, and fund automation. Members earn interests on pooled savings through integrated DeFi yield strategies, while maintaining community control. AjoChain bridges cultural finance with decentralized technology for inclusive growth.

Detailed Idea

Alignment with DF goals (BGI, Platform growth, community)

Problem description

Millions of Africans depend on ajo/esusu groups for savings and credit, yet they lack trust, record-keeping, and access to interest-based growth. Without transparency or digital infrastructure, members can’t build credit scores, earn yields, or scale collective financial empowerment securely. But despite the advent of mobile saving apps, its a cultral heritage as its group savings

Proposed Solutions

AjoChain digitizes savings groups on blockchain and adds an AI-powered interest protocol. Pooled funds are securely deployed to verified DeFi yield sources, returning interests proportionally. Smart contracts automate cycles, disbursements, and profit-sharing, while AI predicts defaults and optimizes contributions. This unlocks safe, transparent, and profitable community finance.

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