The problem Blockchain Based Loan Lending System solves

Borrowers often don't know important detail about their loans, like payment schedules and remaining balances. This can lead to missed payments and disagreements with lenders. Also, without a reliable way to check payment history and loan terms, there's a higher risk of disputes and unfair treatment
A blockchain lending platform can solve these issues by offering a transparent and secure system for peer-to-peer lending. Smart contracts automate loan agreements, making terms unchangeable without middlemen. Borrowers can get loans based on clear rules, and lenders can spread their money across many loans to lower risks. Also, borrowers' repayment history is stored on the blockchain, helping them get better deals in the future.

Challenges we ran into

During the making of this project we faced the issue to update to the MetaMask wallet of both lender and borrower since if the lender is providing money then his account should deduct the certain amount of money and this money should be added to the borrowers waller.
We addressed this issue by integrating our web app to Ethers.js which connect our app and MetaMask wallet for successful transfers.