ReFi Medellín’s lending platform is designed to model and expand a community-based, open-source financial inclusion framework that other organizations can adopt and adapt for their local contexts. Our platform’s transparent codebase, built on Celo, Optimism, Polygon, and Arbitrum, integrates low-interest, collateral-free microloans in GloDollar (USDGLO), filling a significant gap in traditional finance where underserved communities are often excluded from fair credit.

Specific contributions to the OSS ecosystem include:

Reputation-Based Lending Protocol: Our reputation-based model allows users to build a verified borrowing history within a decentralized framework. This protocol is accessible for integration into other Web3 projects aiming for equitable lending without collateral.
Open Access for Local Adaptation: By making our code available, we encourage developers to customize the platform for distinct regional needs, expanding the possibilities for OSS in underserved areas.
Educational Materials: Our open-source repository will include developer guides, user documentation, and educational resources to onboard developers and community leaders, which strengthens the broader OSS ecosystem by providing a replicable model for inclusive lending.