Digital ROSCA (Rotating Savings and Credit Association) is a management platform designed to improve transparency, efficiency, and access to microloans for underbanked communities.
Traditional ROSCAs (also known as chit funds) are widely used in underbanked communities for savings and loans but suffer from:
Manual record-keeping, leading to disputes.
Limited scalability and lack of integration with formal financial services.
Lack of financial literacy, causing mismanagement of lump-sum payouts.
A digital platform that automates ROSCA contributions, enables peer-to-peer lending, and introduces a reputation system to ensure responsible borrowing and lending.
✅ Smart ROSCA Management – Create & manage savings groups digitally.
✅ Community Micro-Loans – Request and approve loans within trusted groups.
✅ Automated Notifications – email reminders for payments & payouts.
Frontend: React.js, Redux, Tailwind CSS
Backend: Node.js, Express.js, JWT (Authentication)
Database: MongoDB