Conclusions and Recommendations

The one-month pilot deployment of LendRow demonstrated significant progress in financial inclusion, responsible debt management, and efficient debt recovery, achieving a 100% repayment rate and reinforcing transparency through structured payment tracking. The prevention of multiple concurrent debts played a crucial role in maintaining financial discipline among borrowers, while strong loan approval rates underscored the platform’s effectiveness in expanding financial access. Moving forward, the integration of blockchain technology via the Internet Computer Protocol (ICP) will further enhance efficiency, security, and transparency by automating loan agreements, repayment tracking, and identity verification. While these initial results are highly promising, further research with a larger dataset and extended operational periods is recommended to comprehensively assess LendRow’s long-term impact on debt recovery and overall financial stability.

The following recommendations are proposed to strengthen LendRow’s capabilities and scalability:

• Expand the Pilot Study Scope: Conduct a larger, more diverse pilot study across different regions to comprehensively evaluate LendRow’s impact on financial inclusion and debt recovery.

• Implement Blockchain Integration: Leverage smart contracts and blockchain-based credit history management to enhance security, efficiency, and fraud prevention while ensuring data integrity.

• Enhance Identity Verification Processes: Utilize decentralized digital identity verification via ICP to streamline onboarding, reduce manual verification inefficiencies, and bolster system security.

• Strengthen Debt Management Policies: Maintain strict single-loan enforcement policies and introduce personalized repayment assistance programs to prevent borrower over-indebtedness and promote responsible financial behavior.

• Optimize the Loan Approval and Collection Process: Implement AI-driven credit scoring models and automated collection reminders to enhance risk assessment, improve repayment tracking, and encourage timely loan repayments.

• Improve User Experience and System Scalability: Enhance the platform’s interface for seamless user interactions while scaling infrastructure to support increased transaction volumes and future growth.

By implementing these strategic enhancements, LendRow can further optimize its lending model, reinforce its role in financial inclusion, and solidify its position as a secure, transparent, and scalable peer-to-peer lending platform in the evolving digital finance ecosystem.