🌱Ahoro.org PPPs: The opportunity behind...

In case you missed our previous intro post, we'll dive a bit more into the details and aims of what we are willing to achieve here at 🌱Ahoro.org and provide some updates on current development.

Our vision is to create a financially inclusive world where everyone has the opportunity to thrive and reach their full potential. Our mission is to connect people through lending and alleviate poverty around the globe. Aiming to expand access to capital for individuals and communities who are underserved by traditional financial institutions, with a focus on supporting small organizations, women, and vulnerable groups.

Envisioning and enabling a world where all people have more self-esteem and the power to improve their lives through access to financial services, and where lenders and borrowers can come together to create positive change. Through its online platform, we aim to enable individuals to lend through bitcoin blockchain technology as little as $1 (or 1sat) to borrowers around the world. We do believe that by leveraging the power of Bitcoin and new social networks protocols like Nostr and Lightning network, we can create a more inclusive and equitable world.

So, how Ahoro works?

Ahoro uses Bitcoin to allow everyone to provide microloans to individuals and small organizations in low-income countries, allowing them to access affordable credit without the need for a traditional bank account.

We are not the custodial of the assets. It’s just the software that enable the transactions, in a similar way RoboSats does, we  do lock the asset until  the Lender approve the fund request for each transaction. Ahoro uses Bitcoin to allow everyone to provide microloans to individuals and small businesses in low-income countries, allowing them to access affordable credit without the need for a traditional bank account, identification or credit score.

How de Ahoro ensure people without credit score, guarantees or referees will repay the loan?

As mentioned in our previous article, one way to assess the creditworthiness of individuals without traditional credit scores, guarantees, or referees is to use alternative data sources and machine learning algorithms.

For example, data from mobile phones, social media accounts, and other sources can be used to build a more comprehensive picture of a borrower's financial behavior, such as their income, spending habits, and payment history. Machine learning algorithms can then analyze this data to identify patterns and predict a borrower's likelihood of defaulting on a loan.

In addition, Ahoro can leverage social networks and community ties to encourage borrowers to repay their loans. For example, borrowers could be required to have a certain number of friends or family members on the platform who act as references and vouch for their creditworthiness. Peer pressure and social accountability can also play a role in encouraging borrowers to repay their loans, as defaulting could harm their reputation within their community.

The last and definitely NOT the least important advantage is our offer of education and financial literacy programs to help borrowers better understand the terms of their loans and how to manage their finances effectively. By empowering borrowers to make informed financial decisions, these programs can increase the likelihood that they will repay their loans on time.

✅ Amazing Tech Progress

The technology we currently decided to use is accessible and understandable to anyone interested in learning about it. Transparency first :) Please check the image below to have a better overview:

We talk enough about our dreams... it's now time to provide an update of our progress:

Activated Lightning Subscriptions using ZapPlanner, try it for 21, 210, 2100 sats/month or more
We are also on the process to re-sync (due to a technical issue) our main node 🌱Ahoro.org and...
kick-start a new one, 🌿 ahoro-org powered by VOLTAGE. Why? Because it's always good to have a backup plan.
This allowed us to also dive into nostr and add a new communication channel for our support team, follow us [email protected] or use our npub1qjeh5lr7qef2ygxpu7p3s0d9rla73duvltzertn0veee6rzgmkrq4hy8x3
Don't forget to keep an eye on our new Diario, now migrated Nostr NIP23 Long format cotent, accessible from your preferred nostr client. Ours? Habla.News!

📆 Future Plans

We are participating in the Adopting Bitcoin 2023's Salvadorian Satellite Hackathon of Legends of Lightning and we look forward to meeting other great builders and mentors to support us continue building the Bitcoin ecosystem.

If you are around and have an idea, it will be worth for you to signup here.

✋ Damn Blockers

The main issue we have at the moment is the integrations with the payments methods. The platform has been working since inception with both, fiat and bitcoin gateways. Unfortunately, WooCommerce latest version does not recognize the currently set of gateways and looks like is forcing the front end to use only WooPayments, a new upgrade that look's like aiming to generate leads for stripe.

The second one is also related with WooCommerce, calculating and applying shipping cost to donations and campaigns contributions.

So we ended up downgrading WooCommerce to and earlier version (the one working at inception) and luckily we got back working our original checkout and the Bitcoin payment gateway currently powered by Open Node for a 10% fee on each sale. We'll spend more time testing alternative bitcoin payments methods and investigating the causes of the check-out issue and hopefully you'll hear some good news in our next update.

🔗 Conclusions

In a world where financial inclusion remains a distant dream for many, Ahoro stands as a beacon of hope and opportunity. Our commitment to creating a world where everyone, regardless of their background or financial status, has the chance to prosper is unwavering. We believe in the power of connection, the strength of community, and the transformative impact of access to capital and energy.

If you find yourself in need of financial support, whether it's to kick start a small business, fund an educational pursuit, or simply to navigate through a challenging time, Ahoro is here for you. Our platform is designed to be accessible, user-friendly, and most importantly, inclusive. With the innovative use of Bitcoin and cutting-edge social network protocols, we are breaking down barriers and opening doors to financial possibilities.

Don't let the lack of traditional financial resources hold you back. Join the Ahoro community today, where your dreams are acknowledged and actively supported. Request a loan through our platform, and take that crucial step towards realizing your potential and shaping a brighter future.

And to our prospective lenders, we invite you to be part of this transformative journey. Use your sats in a cause that goes beyond profit, where every contribution has the power to uplift lives and communities. Together, let's build a world where financial inclusion isn't just an aspiration but a reality for all.

Help us fulfill our mission.