L-PESA Can Build A Better Platform Than A Similar Platform

What is L-PESA?

L-Pesa created a smart blocker-based contract loan, allowing people across the internet to grow their business and become successful entrepreneurs. Powerful visionaries can take loans in Ether or Bitcoin and then participate in the L-Pesa stolen market that facilitates peer-to-peer lending: the first crypto loan service in Africa.Africa is a huge continent, where more than a billion people live. From an economic point of view, this is a very promising area. Now there are more solutions to improve the quality of life of the hottest continents. One of these ideas will be discussed in this article. The L-Pesa project is a crypto financial exchange platform. L-Pesa will enable African residents to not only use money transfer and withdrawal services, but will also provide the opportunity to receive micro-loans without filling out a large number of documents, avoiding the long wait for a response from the bank. All you need is to have a phone with a mobile app.This project is capable of making a truly revolutionary breakthrough. That's why participation in ICO L-Pesa can be a very good investment. The team will release their own Kripton token, which has all the chances for a great future. Perhaps the truth is in the creator's statement: "L-Pesa - bitcoin for Africa" is. Therefore, everyone can join the company.

Problems and solutions
L-Pesa is not charity. L-Pesa is pure business. Business gives us certain freedoms that charitable organizations do not have. As a business, we must provide a return. In promoting microfinance, we must be extremely effective; the cost makes a loan of $ 1000 the same as $ 100, and due to operating costs, banks and financial institutions are limited in how low they can go. Blochein provides transparency and efficiency, and this dramatically reduces operational costs, which makes small loans viable.

We did this with fiat as an existing operation; blocking will allow us to expand our coverage and reduce our costs. The cost of financing the bank does not allow us to reach the bottom, who most people need it. Expansion of activities based on the expansion of the sphere would allow us now to make services accessible to people who can not be served in banks or microcredit organizations, because they were recognized as "not profitable"

Benefits
1.The technology of blockchain provides transparency and efficiency, which drastically reduces operating costs, and also makes small viable lending. Forward in the field of artificial intelligence opens up new opportunities for automated underwriting of loans, and new tools allow you to store a huge amount of data.

2.A unique developed model of lending based on the analysis of social networking client combined with traditional and unconventional credit data necessary for subsequent evaluation and decision making underwriting loans for the client.

3.Mobile financial services, such as "L-Pesa" has become available in many countries and support both customers of banks and the population by banking services. Based on the penetration of mobile phones (smart phones and conventional phones), mobile money services such as L-Pesa, tigo Pesa, and paytm are already overgrown and included L-Pesa.

4.A biometric identifier system will lead to a drastic reduction in the cost and ability to provide financial services without a physical branch network.

L-Pesa Service System

Users register accounts in L-Pesa, often in response to social issuesmedia messages or SMS marketing messages. Over time, L-Pesa expects a large number of accounts to come from existing user referrals.
Users add documentation to their L-Pesa account, usuallyidentification documents such as driver's license or passport
Users register accounts in L-Pesa, often as a response to social media messaging messages or SMS marketing messages. Along the time, L-Pesa expectsthat a large number of account openings will come from referrals from existing users
Users apply for initial loan, usually for local equivalent to $ 1.00. In many cases, this app automatically
The next loan application is handled in the same way: automationBased on the user's credit score is the key to success and scale
Once the loan is approved, the disbursements are processed in real-timemobile money services such as M-Pesa or Tigo Pesa.
Users are given a payment plan and are expected to do regularpaying loan. Repayment is also made using mobile money service. Users can make prepay without penalty. Payment arrears willimpact the user's credit rating and will generate an automated message to the user. Handling delinquency is very efficient, resulting in a loss ratio of less than 10%.
User support is handled by the L-Pesa back-office team in Tanzania. User support is available in English languageTarget marketThe L-Pesa market target is a market of 40% of the population in the continent of Africa, India and southeast Asia. Its population is 3 billion and the population is growing very fast. Indiais at 92% penetration and many African countries are above 70%. L-Pesawork on smartphones and feature phones. L-Pesa relies on mobile money service providers for liquefaction and collection, making the process quick and efficient. Many countries were initially targeted by L-Pesa to have a high proportion of un-banked service populationson mobile money like M-Pesa is a good choice. India has a higher levelpercentage of population with bank accounts, and Aadhaar biometric IDThe database is now connected to the bank account, making the disbursement andCollections in India are potentially very efficient in the near future.Dependency on African money service users restricts L-Pesa usersbase for users with mobile money service wallet. Until mid-2017, thereabout 170 million wallets are used in Africa. In India, more than 1 billionAadhaar users have contacted their bank account.The available L-Pesa market will far exceed L-Pesa's loan capacityand all its competitors in the upcoming mnsa. Limiting factor forGrowth is not expected to allow users to try L-Pesa but vice versaavailability of capital for loans.

ICO Details
Token Name: Kripton
Ticker: LPK
Token standard: ERC20 Token
Token price: 1 LPK = 0.02 USD
Hard Cap $ 52M
Token Supply: 2,600,000,000

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