hiveonline helps communities and micro-businesses get access to credit and markets they can’t normally reach, with a reputation based on facts about what they do, supported by blockchain.
Small businesses everywhere suffer the same problems, so we’re taking our solution to Village Savings and Loan Associations (VSLAs) and small business communities in developing economies. Partnering with CARE the pioneers of the VSLA, hiveonline is developing innovative digital solutions for community finance worldwide.
Through hiveonline digital finance tools, Savings Groups can digitally record transactions- improving record-keeping, security, and identity services for members. As these transactions build up and recorded on the blockchain, savings groups build reputation and creditworthiness by creating a digital record of lending and repayments on both a group and individual member level.
This record is used to build bridges to financial institutions and MFIs, giving groups the opportunity to expand community businesses, diversify livelihoods, and bolster their resilience through access to capital.