ThriftSavings

We will start with what a thrift is and how the traditional thrift institution works from there, we will look into some UI concept for the thrift DApp frontend application. Lastly, we will look at the smart contract that mimic the behavior of a thrift institution and possible functionalities that can be included later on. Thrift is an informal savings and lending mechanism prevalent in many African countries. These informal systems often involve community-based savings groups, rotating savings and credit associations (ROSCAs), or microfinance institutions that cater to the needs of underserved populations. These mechanisms are sometimes referred to as "thrift societies" or "savings clubs."

We will start with what a thrift is and how the traditional thrift institution works from there, we will look into some UI concept for the thrift DApp frontend application. Lastly, we will look at the smart contract that mimic the behavior of a thrift institution and possible functionalities that can be included later on. Thrift is an informal savings and lending mechanism prevalent in many African countries. These informal systems often involve community-based savings groups, rotating savings and credit associations (ROSCAs), or microfinance institutions that cater to the needs of underserved populations. These mechanisms are sometimes referred to as "thrift societies" or "savings clubs."

In these systems, individuals pool their savings together and take turns receiving lump-sum amounts from the collective pool.