#Sikoba and Chelma Advisory Institute cooperate to #improve the lives of rural #women, by providing them with #education, skills training, and small loans to start or expand home-based businesses.

#sikobaPay #IOUeconomy #MoU #ruraldevelopment #ruralentrepreneurship #entrepreneur #Chelma #boostlocal #commerce #partnership

2020 was very challenging but productive for us, nevertheless, we are still on track and looking forward to launching the Sikoba mainnet by the end of March.

https://medium.com/sikoba-network/sikoba-december-2020-update-43beba3a7f05

#Sikoba #sikobaPay #Sikoba_NewYear #SikobaFuture #Welcome2021 #IOUeconomy #Financial_Inclusion #SMEbusiness

#Sikoba and #AquaAgro cooperate to develop an innovative financial app for farmer communities in Pakistan.

#sikobaPay #SKO #IOUeconomy #AI #artificialintellegence #Financial_App #IOUasMoney #Technology #Successful #farmersmarket #Agriculture #agricultureindustry

What does the term #mainnet mean? Do you know?

Mainnet is the term used to describe when a #blockchain protocol is fully developed and deployed, meaning that #cryptocurrency and other transactions are being broadcast, verified, and recorded on a distributed ledger.

#Sikoba #sikobaPay #Roadmap #SKO #investing #FinTech #Smart_Contract #IOUeconomy

In January, we made progress on the #Sikoba blockchain, we also signed an MoU with Aqua Agro, a Pakistani #IoT company, to build the AgroPay #financial app for farmer communities.
https://bit.ly/2YH2uIy
#sikobaPay #SKO #IOUeconomy #AI #Financial_App

What is the main purpose of #Sikoba? Do you know?

Sikoba allows #payments to be made without having #money (whether #fiat, #crypto or any other #assets) to begin with.

#SKO #IOUeconomy #SME #financialinclusion #SocEnt

Who can use #Sikoba? Do you know?

Sikoba can be used by individuals, #SMEs & local #communities setting up and managing their own micro-credit systems, similar to #local currencies that are in use globally.

#money #localcurrency #communitycurrency #sustainability #IOUeconomy #SocEnt #financialinclusion #fintech

Will #Sikoba replace the banking system?

Sikoba is not a bank replacement, it is designed to bring #credit trading back to people alongside bank money.

In Germany, until a few decades ago, promissory notes (“Wechsel”) were routinely used by #SMEs - until bank credit became easily accessible.

#SocEnt #financialinclusion #sustainability #IOUeconomy

Do I need to have a bank account or cash to get started?

No, you do not need a bank account or cash. You can simply download #SikobaPay, find other users whom you know or already do #business with, and start accepting their #credit.

#Sikoba #IOUeconomy #financialinclusion #SocEnt

How does the #SikobaPay determine user’s #creditworthiness?

Our users are strongly encouraged to grant #credit lines only to users (individuals & companies) they know and trust personally.

#Sikoba #IOUeconomy #financialinclusion #SMEs #sustainability #SocEnt