Bringing Web3 education to favelas is crucial in promoting financial inclusion and empowering underprivileged communities. The lack of access to traditional financial services in these areas makes it difficult for small businesses and individuals to secure loans and make investments. This makes it essential to educate and empower these communities with new tools like DeFi protocols to improve their financial prospects and bring them into the digital economy. Impact Plus and local developers have led an exploratory meeting to discuss how to improve small businesses in the favela through the use of Web3 technology. A survey was conducted to understand the challenges faced by entrepreneurs, with the primary issue identified as the lack of access to small loans for investment. To address this, the team is providing education on DeFi to five selected entrepreneurs and seeking funding to establish a pool of funds for small credits.
Favelas for blockchain! II
When: 15th January, 2023
Where: Rio das Pedras, Brazil
