Online lending. The versatility of blockchain technology.

Now the whole life of a man is inseparable connected with his personal mobile phone. The phone contains all the information, all bank cards and passwords, email. And it is not surprising that he also completely manages his life - through a mobile device. Ordering food, taxis, plane tickets, filing documents, transferring money to another card - now it's all easy and simple! Not surprisingly, the online microfinance market, which works through a mobile phone (without visiting the office) began to gain momentum dramatically.
Online loans differ from traditional banking products - ease of design and minimum requirements for customers.

Online loans have a number of features:

Round-the-clock processing of applications
Remote interaction with customers
Decision-making in 5 minutes
Approval percentage above 75%;
Loyalty to borrowers' credit history;
Early repayment with interest recalculation.
Small amounts of the loan.
Short term lending to the borrower.

For investors, this area is also a great opportunity for successful investment. The amount of the loan and the profit is low, but if you consider issuing 500-1000 loans at once, the profit can already satisfy any investor.

What a classic application for an online loan looks like.

The customer submits an application via the Internet, and receives a solution in a few minutes on the mobile phone. The contract is signed by a text message code , an analogue of a handwritten signature. The money is then transferred to a card or other way that the lender offers. This is an important legal fact after which the loan is considered to have been issued.
Despite the simplicity of interaction with MSME , borrowers should remember that online loans are issued in the legal field of Russian law. Failure to comply entails liability in the form of penalties.

How does it work on the blockchain?

The Pngme app is the implementation of the most modern technologies in the field of lending (similar to Mobile Banking). First, it starts with peer-to-peer payments and savings accounts using the cryptocurrency (Pngcoin).
The next stage of development. Pngme will allow users to use USD, GBP, EUR and KSh currencies.

Pngme is the place where:

Borrowers will have access to credit and investors (lenders) will receive low-risk income
Blockchain technology is used, thereby increasing transparency of transactions, guaranteeing all necessary loan transactions
A qualitative assessment of the credit risk of qualified borrowers is provided using its own credit rating model.
The most modern ways to stimulate loan repayment on time are used - mobile locking is used, where the borrower's device and sim card are blocked if the payment is missed. After making the required payment - the phone is unlocked.

The mobile financing platform Pngme, can fully meet the needs of the person who cares about the state of their finances.

Mobile Payments.Mobile Payments in local or digital currency with little or no commission.

Daily Accounts. Create a daily expense account for daily expenses, keep full control of your expenses and income.

The loan market is on your phone. Borrow and borrow money on the Pngme Mobile
Finance Platform at competitive interest rates.

Piggy. Earn interest on money by simply keeping funds on Pngme in the piggy bank.

Credit Rating Algorithmic.Credit Score based on a mobile digital user print

Rewards.Earn Pngcoin rewards when you invite friends and keep Pngcoin.

Lending is a type of business that is complex and simple at the same time. In fact, everything is simple. Gave the loan, got it back with interest. But in this area, the most important thing is the quality of implementation of this process, the absence of flaws, transparency and logic of actions, both on the part of the lender and the borrower.

Pngme is an innovative financial application that will help interested lenders and borrowers meet in one place, and blockchain technology helps ensure the process of interaction between them.