BaseLoan

BaseLoan integrates AI Agent + DAO + Smart Contracts to create a decentralized, transparent, and efficient microfinance loan approval and disbursement process, ensuring fair use of funds.

Target Audience: Global NGO organizations, helping extremely poor communities access small funding support.

Core Problem: NGOs have limited resources and cannot efficiently review loan applications, leading to corruption and misuse of funds. Extremely poor communities also cannot provide asset collateral for loans.

Business Model: Platform service fee + 3% loan interest.

🔹 Group Credit Assessment: The AI Agent conducts both group and individual cross-interviews, automatically generating a credit score.
🔹 DAO Governance + Smart Contract Disbursement: Reduces human intervention and enhances fund transparency.
🔹 Decentralized Insurance Pool: 1-3% of each loan is allocated as a default compensation fund.

Process Flow

1️⃣ Loan Application (Group-based)

• Group Formation: 5-10 individuals from a poor community form a group, get to know each other, and collectively submit a loan application.

• Group Representation: The group representative presents their collective request to the AI Agent (including the purpose, goals, personal background, etc.).

2️⃣ AI Agent Cross-Interview

• Individual Interview: The AI Agent individually interviews each group member to verify personal and team information.

• Cross-validation: The AI Agent designs random questions to check the consistency of the group’s narrative.

• Evidence Submission: The group can upload additional proof such as skills certificates or credit records as supporting evidence.

• AI Scoring: Based on the interviews and evidence, the AI calculates the group’s credit score and predicts risks.

3️⃣ DAO Approval + Smart Contract Loan Disbursement

• DAO Governance: The NGO/investor community votes to decide whether to approve the loan.

• Smart Contract Loan Disbursement: The loan is disbursed directly in USDT, with funds released in installments according to the agreed milestones.

• Insurance Pool Mechanism: 1-3% of each loan is allocated to a decentralized insurance pool to hedge against defaults.

4️⃣ Repayment & Insurance Compensation

• Repayment: Borrowers repay through NGO agents via USDT or fiat currency.

• Default Compensation: In case of default, the insurance fund may partially compensate investors for their losses.

• Successful Repayment: Timely repayments help improve the group's credit score, making future loans more favorable.

Google Slides:

https://docs.google.com/presentation/d/1G0YLgEDizuZMQ_5fhF4owvVDXfy7IrLtHV027R-D2yU/edit?usp=sharing