L-Pesa overview of market problems and L-Pesa solution
L-Pesa market problems.
Microfinance has a long history around the world and for centuries has filled an important. Various forms of microfinance had a major impact on economic development in Western Europe in the 18th and 19th centuries. According to the research, microfinance has started making an impact in Asia and Africa through organisations like Grameen Bank.
Nevertheless, traditional microfinance has limited reach and solutions have been targeted towards poor farmers and small business owners. Middle class consumers and business owners in developing countries have an unmet demand for credit, but the current financial infrastuture in these countries does not support credit underwriting. So the market today displays a number of problems which are:
- Underwriting
- Lack of bank credit
- Microfinance targets agriculture only
- Outdated operating models
- Microfinance targets the poor only
- Most consumers are unbanked
The L-Pesa solution.
The idea for L-Pesa was incubated for a decade, and the business was launched at the time four important market forces coverged to allow for rapid scaling which includes the following: - Big data
- Alternative credit data
- Mobile technology
- Biometric identity
The solution is highly automated, allowing a small back office team to support high volume loan origination. All loans are serviced by L-Pesa.
To take part in their token sales which is starting April 10, 2018 and going to end May 10, 2018
To know more about this project you can follow the links below
Website https://kriptonofafrica.com/
Whitepaper https://kriptonofafrica.com/static/pdfs/L-Pesa%20ICO%20white%20paper%202018.pdf
Twitter page https://twitter.com/lpesaico
Facebook page https://www.facebook.com/lpesaico
Telegram group chat https://t.me/LpesaICO
Ann Thread https://bitcointalk.org/index.php?topic=2885970.0
Blogger bitcointalk https://bitcointalk.org/index.php?action=profile;u=1176224
Eth Address 0x94e2fe951a7EC78a682dF49Ce5138AC169C236C3