Microfinance has a long history all over the world and over the centuries has fulfilled an important need. In fact, various forms of microfinance had a major impact on economic development in Western Europe in the 18th and 19th centuries. In the last 50 years, microfinance began to affect Asia and Africa through organizations such as Grameen Bank.
Traditional microfinance has limited reach, and solutions have been targeted to poor farmers and small business owners. Middle-class consumers and business owners in developing countries have unfulfilled credit demands, but the current financial infrastructure in these countries does not support underwriting credit.
Microfinance has a long history all over the world and over the centuries has fulfilled an important need. In fact, various forms of microfinance had a major impact on economic development in Western Europe in the 18th and 19th centuries. In the last 50 years, microfinance has begun to make an impact in Asia and Africa through organizations such as Grameen Bank.
An ICO project named L-Pesa (Krypton) was present trying to solve the problem. L-Pesa Microfinance is a startup fintech ready to take advantage of the financial services needs of the developing world quickly. The company has validated its operating model over the last 24 months and has built sophisticated technology, automating most operations. The main obstacle to growth at the moment is its ability to fund user acquisitions and loans. Ratio of losses on loans goes below 10% while loan repayments are around 25%.
L-Pesa was founded with a vision to improve people's lives through efficient access to credit and related financial services. It's about making the world a better place for everyone. L-Pesa began offering microfinance services in Tanzania in 2016 and has developed its service offerings and geographic footprint at an ever-increasing pace in pursuing this vision.
L-Pesa has issued over 38,000 loans since it aired in March 2016. More than 170,000 users have signed up based on social marketing campaigns with a minimum budget. The marketing strategy has been refined over the last 24 months, and L-Pesa is now ready to launch a marketing campaign via SMS and social media at a conservative projected $ 1.00 projected customer cost.
L-Pesa has leveraged this market power and built proprietary credit technology and modeling models that enable it to microlend quickly in developing countries while maintaining a loss ratio below 10%. The solution is highly automated, allowing a small back office team to support high volume loan origination. All loans are serviced by L-Pesa.
The L-Pesa focus is on the 95% automation of the acquisition process and the automated user acquisition underwriting and therefore highly measurable. The company has spent two years developing a customer-facing system and back office system using a team of seven software developers. The user experience is based on mobile and web interface, and marketing is mainly done through social media and SMS.
L-Pesa technology builds on Amazon Web Services, a highly scalable on-demand cloud computing platform that has or has been used by major brands such as Netflix, Airbnb, Pinterest, and Spotify. has integrated a number of third-party applications to perform tasks such as SMS messaging, user verification, and marketing. Fund transfers are handled through integration with mobile money service providers such as M-Pesa, Airtel Money, Tigo Pesa and MTN.
L-Pesa comes in the form of a digital currency named LPK token. The LPK Token will go on sale in March 18, 2018 until April 10, 2018. There will be a total of 1,500,000,000 LPK tokens that will be provided by the team and developers, which will be sold for $ 0.04. The token purchase itself can be done with foreign digital currencies such as Ethereum, with a minimum purchase of 0.5 ETH.
This LPK Token will also be the identity of this project and may be owned, traded or exchanged for other digital currencies in predetermined markets. In addition, the Kripton Token is built on Blockchain Ethereum that allows its holders to use low-cost L-Pesa instruments.
L-Pesa itself is the result of teamwork led by Ron Ezra Tuval, working with managers, developers, consultants, professional marketing experts and experienced in their respective fields. who strive to give their best abilities in this project. In addition, the team also strives to provide the best benefits and services, to anyone interested in joining the project.
So our ICO review of this project this time, hopefully can increase your knowledge in choosing the best project ICO to you invest. If you are interested in joining this project, or intend to purchase this LPK token. You can visit their official website and page below:
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L-Pesa - A Financial Services Company That Provides Microfinance
Reviewed by ronaldo lubis
on
09.15
Rating:
Reviewed by ronaldo lubis
on
09.15
Rating:
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