The ReFi Medellín lending platform is unique in its community-centric lending model that prioritizes trust, transparency, and accessibility. Key differentiating features include:

Decentralized Community-Based Qualification: Borrowers qualify by engaging with community activities and securing three peer endorsements from ReFi Medellín NFT holders. This approach builds social capital within the ecosystem, strengthening accountability and trust.
Inclusive, Low-Cost Microloans: The platform provides loans with a 0.5% interest rate, accessible for critical needs like healthcare, education, and daily expenses, distinguishing it from conventional, high-interest lending options.
Multi-Chain Accessibility: Operating on Celo, Optimism, Polygon, and Arbitrum, we prioritize cross-chain compatibility to enhance accessibility, allowing users to leverage the platform on their preferred network.
Addressing Informal Loan Exploitation: Our platform presents a safe alternative to “gota a gota” loans, which are high-interest and often lead to exploitative debt cycles. ReFi Medellín aims to mitigate this through accessible, community-supported lending options.