By using this site, you agree to the Privacy Policy and Terms of Use.
Accept

News Junction

Notification Show More
Font ResizerAa
  • Home
  • World News
    World NewsShow More
    Trump tells Walmart to ‘eat the tariffs’ after retailer warned it will raise prices
    Trump tells Walmart to ‘eat the tariffs’ after retailer warned it will raise prices
    May 18, 2025
    Could the Vatican host Russia-Ukraine talks? What Marco Rubio said – National
    Could the Vatican host Russia-Ukraine talks? What Marco Rubio said – National
    May 17, 2025
    Vatican could be a venue for Russia-Ukraine talks, Rubio says, after pope renews an offer to help
    Vatican could be a venue for Russia-Ukraine talks, Rubio says, after pope renews an offer to help
    May 17, 2025
    He voted for Trump, twice. Now he wants to take down MAGA and the “pathetic” Tommy Tuberville
    He voted for Trump, twice. Now he wants to take down MAGA and the “pathetic” Tommy Tuberville
    May 17, 2025
    Singapore ranks as world’s 3rd happiest city, after Copenhagen and Zurich
    Singapore ranks as world’s 3rd happiest city, after Copenhagen and Zurich
    May 17, 2025
  • Business
    BusinessShow More
    Ukraine blows up bridges to consolidate its positions in Russia
    Ukraine blows up bridges to consolidate its positions in Russia
    August 18, 2024
    Commentary: AI phones from Google and Apple will erode trust in everything
    Commentary: AI phones from Google and Apple will erode trust in everything
    August 18, 2024
    The most famous Indian Dishes – Insights Success
    The most famous Indian Dishes – Insights Success
    August 18, 2024
    Life on the road as a female long rides cyclist
    Life on the road as a female long rides cyclist
    August 18, 2024
    UK inflation rises to 2.2%
    UK inflation rises to 2.2%
    August 18, 2024
  • Cryptocurrency
    CryptocurrencyShow More
    Everstake defends non-custodial staking as SEC weighs industry input
    Everstake defends non-custodial staking as SEC weighs industry input
    May 18, 2025
    UK confirms crypto tax data rules under CARF; first deadline set for May 2027
    UK confirms crypto tax data rules under CARF; first deadline set for May 2027
    May 17, 2025
    Ripple’s XRP may enable BRICS to ditch dollar and settle trade in gold
    Ripple’s XRP may enable BRICS to ditch dollar and settle trade in gold
    May 17, 2025
    Slots player hits 3.6m USDT jackpot on Gates of Sportsbet.io
    Slots player hits 3.6m USDT jackpot on Gates of Sportsbet.io
    May 17, 2025
    XRP Price Completes Wave A As Price Dips To .36, What’s Next For Wave B And C?
    XRP Price Completes Wave A As Price Dips To $2.36, What’s Next For Wave B And C?
    May 17, 2025
  • Technology
    TechnologyShow More
    How to Improve Your Spotify Recommendations
    How to Improve Your Spotify Recommendations
    August 18, 2024
    X says it’s closing operations in Brazil
    X says it’s closing operations in Brazil
    August 18, 2024
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    August 18, 2024
    Scientists Want to See Videos of Your Cat for a New Study
    Scientists Want to See Videos of Your Cat for a New Study
    August 18, 2024
    OpenAI’s new voice mode let me talk with my phone, not to it
    OpenAI’s new voice mode let me talk with my phone, not to it
    August 18, 2024
  • Entertainment
  • Sports News
  • People
  • Trend
Reading: Jia Expands Credit Solution on Huma to Foster Growth and…
Share
Font ResizerAa

News Junction

  • World News
  • Business
  • Technology
  • Cryptocurrency
  • Trend
  • Entertainment
Search
  • Recent Headlines in Entertainment, World News, and Cryptocurrency – NewsJunction
  • World News
  • Business
  • Cryptocurrency
  • Technology
  • Entertainment
  • Sports News
  • People
  • Trend
Have an existing account? Sign In
Follow US
News Junction > Blog > Cryptocurrency > Jia Expands Credit Solution on Huma to Foster Growth and…
Jia Expands Credit Solution on Huma to Foster Growth and…
Cryptocurrency

Jia Expands Credit Solution on Huma to Foster Growth and…

Published August 1, 2023
Share
5 Min Read
SHARE

San Francisco, California, August 1st, 2023, Chainwire

Addressing a $5 trillion global credit gap in emerging markets, Jia, which connects capital to small businesses in every corner of the world, scales up its credit solution on Huma, which builds infrastructure for real-world lending.

Two months after launching its credit solution on the Huma platform, Jia is expanding its reach to accommodate the robust demand for credit in emerging markets, along with an increase in liquidity supply.

“We are delighted to facilitate Jia’s innovative approach to lending. Our platform’s infrastructure is designed to foster next generation lending solutions, and together we’re showcasing what fair and transparent lending looks like, making a tangible difference in people’s lives.” says Erbil Karaman, CEO and Co-founder of Huma Finance.

There is a $5 trillion credit gap in emerging markets, with many individuals lacking access to formal credit and the small business financing ($500-$2,000) they need, halting their day-to-day business interactions and ability to serve their communities.

By utilizing Huma’s DeFi infrastructure, Jia can expedite transactions with fairness and transparency, creating opportunities for entrepreneurs to grow their businesses. 

Jia is dedicated to serving small businesses in emerging markets. The company launched a $100,000 pool on Huma in May, which it has used to originate loans to more than 500 borrowers in Kenya and the Philippines. 

Within the next six months, Jia is planning to scale up their credit solution even more to $500k, an increase of 400%. This growth projection sets the tone for a further 5x increase in a year’s time given the borrower and lender demand.

Jia’s pool reached full subscription less than 24 hours after launching, signaling a strong interest from accredited investors interested in this asset class. 

The capital raised has already created transformative change in these small businesses.

With stories of borrowers like Dr. Elishaphan Obuya, a medical practitioner from Kisumu, Kenya, Jia’s impact becomes tangible. Dr. Obuya, the founder of Shepher Lifecare, offers a range of medical services to hundreds of patients monthly. With Jia’s credit solution, facilitated in partnership with Ilara Health, Dr. Obuya borrowed 142,800 KES ($1,012) to maintain a crucial supply of lifesaving medicines in his clinic.

Another inspiring story comes from Kristel Erestingcol in Manila, Philippines. Kristel operates a sari-sari store, serving her community with essential food items and school supplies. With a Jia loan of PHP 10,000 ($182), her second from the platform, Kristel has not only been able to buy more inventory in bulk at lower prices, but also expand her store’s offering into new product lines including school uniforms and clothing. 

“Our mission is to drive economic growth in emerging markets by breaking down financial barriers. The extension of our credit solution on Huma is a testament to the potential we see in these markets,” says Zach Marks, CEO and Co-founder of Jia.

Jia’s expansion on the Huma platform is a strong signal of how DeFi can move away from speculative use cases, and allow entrepreneurs and small businesses in emerging markets to access digital financial resources. 

Together, Jia and Huma are working on a roadmap to roll out features for a seamless real-world lending experience.

With the financial ecosystem becoming increasingly borderless and inclusive, the realization of global financial freedom seems within grasp.

About Jia

Jia is expanding financial freedom across the globe. Jia provides blockchain-based financing to small businesses, then rewards borrowers who repay with ownership, enabling them to create wealth and prosperity for themselves and their communities. Learn more https://www.jia.xyz/.

About Huma Finance

Huma Finance builds the infrastructure powering an ecosystem for real-world lending solutions. With a mission to make the crypto industry more accessible and supportive of practical use cases, Huma Finance enables borrowing against cash flows and receivables, opening up new possibilities for individuals and businesses around the world. Learn more https://huma.finance/.

Contact

Communications & PR
Mia Grodsky
Huma Finance
[email protected]

#Jia #Expands #Credit #Solution #Huma #Foster #Growth #and..

TAGGED:and..creditexpandsFostergrowthHumaJiaSolution
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article There’s no reason to panic over WormGPT There’s no reason to panic over WormGPT
Next Article Aaron’s disappoints amid stagnant housing market Aaron’s disappoints amid stagnant housing market
- Advertisement -

Latest Post

Trump tells Walmart to ‘eat the tariffs’ after retailer warned it will raise prices
Trump tells Walmart to ‘eat the tariffs’ after retailer warned it will raise prices
World News
Everstake defends non-custodial staking as SEC weighs industry input
Everstake defends non-custodial staking as SEC weighs industry input
Cryptocurrency
UK confirms crypto tax data rules under CARF; first deadline set for May 2027
UK confirms crypto tax data rules under CARF; first deadline set for May 2027
Cryptocurrency
Could the Vatican host Russia-Ukraine talks? What Marco Rubio said – National
Could the Vatican host Russia-Ukraine talks? What Marco Rubio said – National
World News
Ripple’s XRP may enable BRICS to ditch dollar and settle trade in gold
Ripple’s XRP may enable BRICS to ditch dollar and settle trade in gold
Cryptocurrency
Vatican could be a venue for Russia-Ukraine talks, Rubio says, after pope renews an offer to help
Vatican could be a venue for Russia-Ukraine talks, Rubio says, after pope renews an offer to help
World News
- Advertisement -

You Might Also Like

Ethereum and Bitcoin lovers discover new cryptocurrency with similar potential currently priced at a mere alt=
Cryptocurrency

Ethereum and Bitcoin lovers discover new cryptocurrency with similar potential currently priced at a mere $0.09

January 28, 2024
Multipool Enters Strategic Partnership with Tokinvest Delivering Next-Level Tokenized Real-World Asset Trading
Cryptocurrency

Multipool Enters Strategic Partnership with Tokinvest Delivering Next-Level Tokenized Real-World Asset Trading

July 17, 2024
Thai PM Srettha to take finance portfolio amid tepid economic growth
World News

Thai PM Srettha to take finance portfolio amid tepid economic growth

September 2, 2023
Litecoin Blockchain’s ‘Halving,’ Set for Wednesday, Should Harden Supplies of ‘Digital Silver’
Cryptocurrency

Litecoin Blockchain’s ‘Halving,’ Set for Wednesday, Should Harden Supplies of ‘Digital Silver’

August 2, 2023

About Us

NEWS JUNCTION (NewsJunction.xyz) Your trusted destination for global news. Stay informed with our timely and accurate reporting on diverse topics, including politics, technology, science, entertainment, sports, and more. Count on us for unbiased and reliable updates at your fingertips.

Quick Link

  • About
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • Contact

Top Categories

  • World News
  • Business
  • Technology
  • Entertainment
  • Cryptocurrency
  • Sports News
  • Trend
  • People

Subscribe

Subscribe to our newsletter to get our newest articles instantly!

    © 2023 News Junction.
    • Blog
    • Advertise
    • Contact
    Welcome Back!

    Sign in to your account

    Username or Email Address
    Password

    Lost your password?