As you can seearound the world, there are still some countries that have economic problems, especially in countries that are still in development. Credit services in some of these countries are also still difficult to formalize.The traditional methods which were involved in microfinance were limited in nature. In the current scenario, the middle-class people and the business owners are in big need of the credit, but the current banking infrastructure and financial strategy are not giving them full facilities to avail their need. Therefore, led to the creation ofa platform, which arecalled L-Pesa Microfinance.The L-Pesa Microfinance is a fintech startup which will focus on the current need of the financial services which will further lead to the development of the economy.
WHAT IS L-PESA MICROFINANCE?
L-Pesa is a micro-loans lending company founded in Delaware in the U.S. The company offers personal, group and business loans via mobile phones in developing countries. L-Pesa Microfinance is a financial technology platform thatprovides new financial instruments to consumers and small businesses in Africa and Asia. L-Pesa Microfinance is a blockchain-based digital platform that has intergrated the blockchain technologies, so that transactions that take place will certainly be more secure and transparent.
L-Pesa is a financial service that has helped millions of people around the world by providing microloans to help them kickstart or expand their business. The company has existed for three years with more than 150,000 registered users.Clients who borrowed money on L-Pesa platform use it to start or grow their business, pay for education, or support their ambitions in life.
L-Pesadesigned this platform to run using blockchain technology as the basis for itsplatform development. Since the creation of Blockchain, it has offered us a fast and secure online transactions and supports all kind of data and cryptocurrency. Blockchain technology uses a system, where each and every transaction is recorded and can not be tampered with, reduce the possibility of data fraud. Blockchain is a public, distributed ledger of all transactions in a given system, that mean anyone can see what happened, but can not change anything.
The idea for L-Pesa was incubated for a decade, and the business was launched at the time four important market forces converged to allow scaling:
+ Big Data, Artificial Intelligence & Blockchain.
+ Alternative Credit Data+ Mobile Technology.
+ Biometric Identity.
L-Pesa was established with a view to improving the lives of people through effective access to credit and related financial services. It is to make the world a better place for everyone. L-Pesa began providing microfinance services in Tanzania in 2016 and has enhanced its service offering and geographic footprint at an accelerating pace in pursuit of this vision.
L-Pesa achieved one of the most important achievements over the past twelve months of operationis that ithas been the reduction of the loan loss ratio to less than 10%, and return on loans is approximately 25%.There are many reasons for people to choose L-Pesa Microfinance:
+ L-Pesa will trust you first:L-Pesa begins their relationship based entirely on trust, believing that you will repay your loan on time. Once you repay your debt, you will be able to make a loan with increasing amount of money. This way, you start with a loan of $ 5 or more and from time to time, you can get a loan of up to $ 3,000.
+ No hidden fees:When you are using L-Pesa for a microloan service, you will find that there are no hidden fees. You will know what your interest is before you start and also provide all information about any additional fees that you must know.
+ Fast registration process:In a traditional loan application process, you will find that there are a lot of steps that you need to follow, which usually take several weeks before you can actually be able to make a loan. If you do not qualify, you may never know why. With L-Pesa, your applications can be completed within minutes and if there are any problems, L-Pesa will notify you. Moreover, no need for your personal documents. All you need is your mobile phone and country identification information to start the loan application process.
+ Great customer service:L-Pesa offers microloan services primarily to mobile banking, but that does not mean you will not get the support you need from the customer support staff.
+ It’s for everyone:Anyone can use L-Pesa. As long as they are over 18 years old and have a mobile banking.
TOKEN DETAILS
Token: LPK
Price: 1 LPK = 0.04 USD
Bonus: Available
Platform: Ethereum
Accepting: ETH, BTC, LTC, DASH
Minimum investment: 0.5 ETH
Soft cap: 5,000,000 USD
Hard cap: 52,000,000 USD
Country: Gibraltar
Whitelist/KYC: KYC & Whitelist
Restricted areas: China, South Korea, New Zealand
DEVELOPMENT TEAM
Ron Ezra Tuval, the founder and CEO of L-Pesa, has extensive experience in the developing world, primarily related to technologies-related agriculture and tourism projects. Ron spent a decade holding on the idea of L-Pesa while waiting for the required technology to mature. Ron has built a strong and diverse team for L-Pesa with in-country managers operating in Tanzania, Kenya, and Uganda.
CONCLUSION
With the recent scenario of the developing country, there is a huge need for such platform like L-Pesa under which the people could easily access the feature of microfinance. This will lead to the development of economy and improvement of the people living standards. More so, with the feature of blockchain and smart contract, the L-Pesa platform will be able to be more secure and transparent. Thus be able to gain the trust of its users globally. L-Pesa is such an innovative idea that will give a new hope for people in the developing countries.
FOR MORE INFORMATION, PLEASE VISIT
Website: https://kriptonofafrica.com
Whitepaper: https://kriptonofafrica.com/static/pdfs/L-Pesa%20ICO%20white%20paper%202018.pdf
Facebook: https://www.facebook.com/lpesaico
Twitter: https://twitter.com/lpesaico
Telegram: https://t.me/LpesaICO
AUTHOR
Bitcointalk Username: Donmase
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1236591