The problem ZeroLend solves

In a time where financial inclusion is increasingly vital, ZeroLend emerges as a groundbreaking decentralized microfinance application (DApp). It's set to offer crucial financial support to those typically overlooked by traditional banking in developing countries like India, Bangladesh, and Nigeria. This innovative approach is a response to the limitations first highlighted by the Grameen Bank and Mohammad Yunus, addressing:

Access to Capital: ZeroLend targets the challenge of limited financial services access for underbanked or unbanked populations, offering a path to secure essential small loans for both personal and business development.

Reducing Costs and Inefficiencies: Utilizing blockchain technology, ZeroLend aims to cut down the high costs and inefficiencies common in traditional microfinance, such as extended processing times and elevated operational expenses.

Furthermore, ZeroLend proposes a four-pronged solution:

Payday Loan Protocol for Mass Adoption: Designed for widespread use, this DApp brings DeFi solutions to a broad audience.

Reputation-Based Lending: Here, lending is based on reputation rather than collateral, democratizing finance access.

Incremental Credit Building: Timely loan repayments enhance borrowers' credit scores, boosting future loan eligibility.

Decentralized Microfinance: With full decentralization, ZeroLend eliminates traditional banking intermediaries, ensuring more efficient and secure microfinance benefits.

Challenges I ran into

It was initially challenging to understand anon-aadhaar, but after discussing with others, I gained clarity. Additionally, I encountered some issues with the graph, but I managed to resolve them thanks to their comprehensive documentation which provided helpful guidance.