Haraka
Microloans
Unlocking Global Capital Through Social Reputation Banking
Founders
William Le (Co-founder & CEO)
Jessica Gaubert (Co-founder & COO)
Launch Date
2024
Key Investors
Real World Assets Base Camp
About
Haraka is a blockchain-based credit protocol revolutionizing microfinance by using social reputation as collateral. The platform enables investors to stake digital assets that are converted into local stablecoins for entrepreneurs in underserved markets. Through a five-step process—adding liquidity, minting stables, funding loans underwritten by phone data and social reputation, business growth, and repayment—Haraka creates a sustainable ecosystem that connects global capital to local entrepreneurs, particularly in regions like Ghana through partnerships with Grameen Foundation.
10M+
loan funds distributed
5K+
entrepreneurs supported
Use Cases
- Liquidity Provider - Stake crypto to support projects & earn returns.
- Entrepreneur - Secure microloans using social reputation.
- Community Supporter - Back entrepreneurs & foster economic development.
- Grameen Foundation Partner - Utilize Haraka for financial services.
Haraka's Web3 Infrastructure
- Decentralized Lending Platform: Haraka provides a platform for decentralized lending, connecting lenders and entrepreneurs without traditional intermediaries
- Stablecoin Minting: The platform allows for the minting of local stablecoins using staked digital assets
- Credit Pools: Haraka utilizes credit pools
- Transparent Technology: Haraka uses secure and transparent technology
- Reputation-Based Loans: Loans are underwritten using phone data and social reputation
Financial Inclusion through Crypto
- Microloan Funding: Haraka focuses on funding microloans to entrepreneurs, enabling them to scale their businesses
- Financial Service Access: Haraka aims to provide access to financial services to underserved communities
- Partnerships for Impact: Haraka partners with organizations like Grameen Foundation to extend financial services to savings circles
- Real-World Value Generation: The platform enables entrepreneurs to offramp and scale their businesses, generating real-world value
- Community Support: Haraka leverages community support to back loans, fostering a collaborative financial ecosystem
Trusted by
Grameen Foundation
