Hermanowski Family Foundation Initial Request Form

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Organization Name: Enigma Ventures, INC.
Legal Name (if Different):
Also Known As:
Mailing Address: 1807 FOLSOM ST
City: SAN FRANSISCO
State: CA
Postal Code: 94103
Main Phone: 6364851648
Main Fax:
Organization Website:
Employer ID Number: 93-3554821
Organization Tax Status: 501 (c) (3)

Proposal Information

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Today’s Date: 03/08/24
Requested Amount: $10.000

Project Title: Financial inclusion and literacy for historically disadvantaged youth.
Project Description:

The project is designed to leverage disruptive innovations in digital technology to minimize the gap in access to financial services for ethnic minorities. Despite dramatic advances in financial technology services, options for disadvanyaged communities remain sparse because of lack of knowledge. We will increase adoption via knowledge dissemination using decentralized applications (DApp). Our goal is to enable anyone with an internet connected device to access a hub of lending, borrowing and other banking services. legacy banks have not been able to service this niche because of lack of brick and mortar locations.The DApp will be hosted on a blockchain network, a type of database or cloud based BIG DATA that is a decentralized public ledger for recording transactions without needing a third-party to validate each entry. The blockchain digital database is distributed across a peer-to-peer (P2P) network and is made up of one megabyte data blocks that are linked together to form a continuous chain of encrypted, time stamped immutable records. Each node in the network maintains a copy of the ledger to avoid a single point of failure as blocks are added in sequential order to be permanent and tamperproof. Phase 1 of the project is the proof of concept phase. The deliverable will be a prototype model showing a user interface/user experience (UI/UX) offering investors, institutions and individuals an immersive experience of the eventual decentralized application (DApp).

Total Project Budget: $25,000

Other Funding
Sources For The Project (Committed & Potential): CA Dream Fund for small business fintech startups.

Project Duration: 6 months
Geographical Area Served: Northern Cakifornia Bay Area (Cioty of San Fransisco)
Age Group To Be Served: 18 to 25 years old

Contact Information

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Contact Prefix (Mr,Mrs etc.): Mr
Contact First Name: Victor
Contact Last Name: ANJEH
Contact Title: Executive Director
Contact Phone: 6364851648
Contact Email: victoranjeh@gmail.com