The development of any business is due to the single main factor - the availability of funding. In the absence of funds within the economy, the functioning of the company is impossible.
The modern world is diverse, including financial terms. There are developed countries with high GDP, incomes and living standards. And there are those in which people try to survive and find some money for eating.
The main problem of third world countries is lack of access to money. Blockchain erases these boundaries. Thanks to decentralized finances, any person on earth has the opportunity to receive the necessary money for development.
- For investors, this is an opportunity to participate in a small number of funds in the development of new projects that are impossible in developed countries, due to the high level of competition and technology development.
- For borrowers, it is almost the unique chance to get the money.
L-Pesa Microfinance is a FINTECH startup that takes advantage of microfinance in developing countries.
The company has already confirmed its operating model over the past 24 months. L-Pesa has issued more than 38,000 credits since March 2016. The loss ratio on loans is below 10%. Profitability, in turn, is about 25%.
In view the almost complete automation of the loan process, the company was able to achieve a very low level of costs.
At the moment, the company arranges an ICO to attract more money to meet the demand for lending.
The loan approval process is extremely simple for the borrower and occurs by a mobile phone. Owing to the lack of a developed financial infrastructure, a large number of people in Africa use mobile phones to pay for goods and services. Therefore, this type of financing will successfully enter the financial life of the local population.
Kripton ICO – The Bitcoin of Africa
Indeed, in view of the financial and technical unavailability of funds, including cryptocurrencies, to the people of Africa, L-Pesa can be new bitcoin of the common population of this continent.
1ETH = 17,500 LPK
18 March 2018 (the bonus 50%)
10 April 2018 – 10 may 2010
58% of all tokens for the sale
15% Management and Team
1% Bounties and Referrals
16% Business Development
Speaking of lending, you need to clearly understand the problem of repayment. And there is one important feature that distinguishes developed countries from undeveloped.
In addition to the usual scoring and underwriting of the borrower, the refund provides an important psychological factor. This kind of project is, in fact, the unique chance to improve lives among the citizens of such countries, respectively, the psychological responsibility for the performance of loan liability much more.
No one wants to steal once to deprive themselves of the single chance to improve their lives.
►BITCOINTALK BOUNTY THREAD: https://bitcointalk.org/index.php?topic=3119229
►BITCOINTALK ANN THREAD: https://bitcointalk.org/index.php?topic=2885970.0
►LINK TO MY BTT PROFILE: https://bitcointalk.org/index.php?action=profile;u=1672297