For episode 251 of the Crypto Altruists podcast, we’re excited to welcome David Machuche and Victor Muhagachi of NEDA Labs, and special Co-Host Jon Ruth of The Solar Foundation, for the final episode of our series exploring the Solar Savings Circles pilot in Tanzania. Today we go under the hood and explore the technology layer behind this partnership.

In today’s episode you’ll discover:

🌍 How NEDA Labs is building digital infrastructure for savings groups in Tanzania, including a Digital Hub called Washika DAO and a fully compliant local stablecoin nTZS

🔗 How traditional savings practices are blending with Web3 tools to help communities coordinate, save, and grow

💡 The personal stories behind the work: how the founders' mothers being part of savings groups shaped their approach to building

🛠️ What it takes to build accessible technology for communities that are often overlooked by mainstream Web3 projects

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‍--Key Takeaways--

💰 A local stablecoin pegged to the Tanzanian Shilling changes the game for accessibility: Most stablecoins are pegged to the US dollar, which creates friction for local communities. NEDA Labs developed nTZS, a fully compliant stablecoin pegged to the Tanzanian Shilling, making it far more accessible for savings groups who think, earn, and spend in their local currency. It keeps value circulating within the Tanzanian economy and opens new possibilities  to connect with global markets.

🌱 This isn't charity. It's community development: NEDA Labs isn't parachuting in with solutions. They're learning from histories and traditions that already work, listening to what communities need, and building tools that enable people to grow their own economies. It's not about saving anyone. It's about creating sustainable infrastructure that empowers communities to lead.

🤝 Trust is the foundation, and you can't build it from behind a screen: Real financial inclusion requires presence, patience, and trust. NEDA Labs has learned that success starts with listening, connecting with local leaders, and taking things slow. Being physically present builds trust in ways that online engagement simply cannot replicate.

--Full shownotes with links--
www.cryptoaltruists.com/blog/crypto-altruists-episode-251-from-savings-circles-to-smart-contracts-building-digital-infrastructure-for-community-finance-in-tanzania-with-neda-labs-solar-foundation

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--DISCLAIMER--
While we may discuss specific web3 projects or cryptocurrencies on this podcast, do not take any of this as investment advice and make sure to do your own research on potential investment opportunities, or any opportunity, before making an investment. We host a variety of guests on this podcast with the sole purpose of highlighting the social impact use cases of this technology. That being said, Crypto Altruism does not endorse any of these projects, and we recognize that, since this is an emerging sector, some may be operating in regulatory grey areas, and as such, we cannot confirm their legality in the jurisdictions in which they operate, especially as it pertains to decentralized finance protocols. So, before getting involved with any project, it’s important that you do your own research and confirm the legality of the project. More info at cryptoaltruists.com/disclaimer