Citizens of Sierra Leone didn’t have it easy previously, the country has been under heavy civil war until 2002 and the GDP is between the lowest globally with slight recovery since the issues. The mean wage US$0.32 per hour back in 2009 and 2/3 of the population is involved in mostly agricultural activities. One of the most pushing problems of the country was that most citizens didn’t have any formal credit history or even formal identities to access financial services that could aid them with the much needed help to grow their business.

According to a new press release Sierre Leone, the United Nations Agencies and Kiva partnered to implement a new credit system based on blockchain technology that will give the citizens of the country their own credit identity. President Julius Maada Bio announced the news during the 73rd Session of the U.N. General Assembly.

Kiva is a nonprofit organization, which is also the builder of the Kiva Protocol. The protocol will aid the establishment of national digital identities and the system surrounding them using distributed ledger technology. The citizens of Sierra Leona will have access and control over their personal digital identities and credit scores.

After receiving the identities, financial institutions and informal financial bodies will be able to contribute with positive or negative scores depending on the situation. Kiva’s blockchain based system will record every transaction that goes out in form of loans, this will offer an immutable and tamper-proof solution.

Kiva currently crowdfunded more than $1.2 billion in loans to people in more than 80 countries for as long as 13 years. The aim of the company is to bank the unbanked and help to grow economies.