{"title": "Purpose for Profit Foundation", "website": "https://purposeforprofit.framer.website/", "createdAt": 1723227006848, "userGithub": "LizTK", "credentials": {}, "description": "Purpose for Profit (PFP) is the world's first tokenized Endowment Fund that provides low-interest loans for affordable and workforce housing projects, tax incentives for donors, and Token Rewards for investors.\n\nPFP is looking to shorten the time that it takes to connect funding to affordable and workforce housing projects, while also bringing transparency to impact fund allocation and governance (why lending decisions were made). \n\nPFP is exploring potential efficiencies that we can provide to businesses building affordable housing such as the use of zk-syncs to show proof of underlying assets of borrowers that can be utilized across lenders. Many borrowers will take on over a dozen loans for large development projects and the time that it takes to close capital can be quite slow and redundant. We are also looking at providing a proof on the lender side as well to provide assurance to a borrower that the funds are not laundered or associated with particular industries such as weapons, oil or big pharma. \n\nThrough the use of an open-non-profit model, we are excited to onboard and engage tens of thousands of new users to web3 who are dedicated to impact, and are crypto curious. Once the model is proven, we intend to rinse and repeat to other impact areas such as sustainability, and education.", "projectGithub": "Purpose-for-Profit", "projectTwitter": "Purpose4Profit"}
Purpose for Profit Foundation
Purpose for Profit (PFP) is the world's first tokenized Endowment Fund that provides low-interest loans for affordable and workforce housing projects, tax incentives for donors, and Token Rewards for investors.

PFP is looking to shorten the time that it takes to connect funding to affordable and workforce housing projects, while also bringing transparency to impact fund allocation and governance (why lending decisions were made). 

PFP is exploring potential efficiencies that we can provide to businesses building affordable housing such as the use of zk-syncs to show proof of underlying assets of borrowers that can be utilized across lenders. Many borrowers will take on over a dozen loans for large development projects and the time that it takes to close capital can be quite slow and redundant. We are also looking at providing a proof on the lender side as well to provide assurance to a borrower that the funds are not laundered or associated with particular industries such as weapons, oil or big pharma. 

Through the use of an open-non-profit model, we are excited to onboard and engage tens of thousands of new users to web3 who are dedicated to impact, and are crypto curious. Once the model is proven, we intend to rinse and repeat to other impact areas such as sustainability, and education.
Purpose for Profit Foundation