What are they building on Celo?
Agent Liquidity Management Solution Research
In Phase 1, Grameen, IDEO and Celo will build on their combined experience and interests under a joint research project that broadly seeks to understand how resolving liquidity management constraints of community agents can position them to be more successful entrepreneurs, and thus more viable (future or current) offerors of Valora or other cUSD products/services. The partners expect to leverage the research findings to support further iteration and replication in other countries.
In Phase 2, Grameen will leverage the results of the research toward defining a solution prototype that is technically feasible to develop during the duration of the project. The prototype will be used to build a minimum viable product (software) to demonstrate the feasibility of the solution. As much as possible, Grameen will leverage on existing partnerships of the Alliance for Prosperity that may have existing APIs and/or software relevant to the solution.
In Phase 3, Grameen, together with our fintech partners, will select 100 women DFS agents and assist them in opening Valora wallets and use the software solution developed in Phase 2 to support their liquidity requirements. Part of the requested funding will be used for cUSD micro credit loans to the Valora wallets of the women agents.