In emerging markets, access to credit remains a critical barrier to economic growth and financial inclusion. Traditional banking systems often fail to serve the needs of small businesses and individuals, especially those in low-income earning communities. Despite the progress in making banking services accessible—such as banking the unbanked with a basic feature phone and an ID—barriers to credit access continue to impede financial empowerment. High-interest rates, stringent lending requirements, and limited financial literacy are significant challenges. 

Our focus is on scalable solutions that integrate innovation with existing community practices, such as the Washika DAO protocol, to create sustainable economic growth and resilience, while critically assessing the trade-offs and impacts on marginalized communities. These structures already exist within these communities offchain. By examining the potential of novel credit systems to empower local economies, we enhance financial autonomy, and reduce dependency on conventional traditional structures through DeFi, stablecoin settlements and transparent governance mechanisms.
