Digital ROSCA (Rotating Savings and Credit Association) is a management platform designed to improve transparency, efficiency, and access to microloans for underbanked communities.
Project Video link: https://drive.google.com/file/d/1AtNR3KRBifir3CTECwQyIoZmRGTo9r_C/view?usp=sharing
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