L-PESA | CREDIT AND FINANCIAL SERVICES
For most people is in need of capital loans. With a capital loan they can advance their business. If the loan is used appropriately then, their business will be fast, to grow. Seeing that L-Pesa created a smart blocker-based loan, which could make people all over the internet to advance their business and become successful entrepreneurs. Visionable visionaries can take loans in Ether or bitcoin and then can join the L-Pesa market that facilitates peer-to-peer loans that are the first crypto loan service in Africa. L- Pesa is a company that has validated its operating model over the last 18 months and has built up the technology of calibration, automating most operations. about 25%. There are four important market forces gathered for scaling. Among them are Big Data, Artificial Intelligence and Blockchain, alternative credit data, mobile technology, biometric identity. However, traditional microfinance has limited reach, and the solution is targeted to poor farmers and small business owners. The middle class consumers and business owners in developing countries can not apply for credit, but the current financial infrastructure in these countries
Does not support underwriting credit. The current marketplace presents a number of issues including:
- Underwriting. Traditional consumer and business credit reports used for underwriting loans in developed countries are generally unavailable, and loans without underwriting rights will result in high loss ratios.
- Lack of bank credit. Traditional bank loans are not widely available in developing country residents.
- Microfinance only targets agriculture only on traditional microfinance institutions that typically provide loans to poor farmers in rural areas. Middle class consumers
Do not have access to microfinance
- Outdated Operating models of banks as well as microfinance institutions are already high overhead costs, struggles with lack of data for underwriting loans, and generally fail to be taken
Advantages of new technology
- Microfinance targets poor people only to consumers, farmers and small business owners in Indonesia. Countries having above the lowest poverty levels have less chance of getting credit.
- Most consumers are un-banked. Many consumers, farmers and small business owners in developing countries do not have bank accounts.
Solution
The solution of the barriers presented above is described as barikut:
- Large Data, Artificial Intelligence, and Blockchain The new tool enables the storage of large amounts of data and extensive data analysis at a fraction of the cost some years ago.
- Advances in Artificial Intelligence provide a new opportunity for automated loan underwriting. Blockchain technology allows for faster, more secure, and
- Exchange rate is cheaper. Blockchain technology has just begun to revolutionize financial services and will result in enormous efficiencies over the next ten years - the blockchain has been described
- as internet money and will do for internet financial services for information and trading.
- Alternative Data Credits. A decade ago, there was little data available in most people in the world. This has changed with the emergence of social media and related new trends that have been developed to make this data useful for decision making in underwriting loans. L-Pesa has developed a unique exclusive credit with
- a model based on user behavior combined with traditional and alternative credit data. L-Pesa competitors have developed their own proprietary models. The experience over the next decade will lead to revise best practices, which ultimately become the industry standard.
- Mobile Technology. The rise of mobile phones over the past two years has been one of the most profound, technological and market changes in human history. Most humans now have mobile phones, and many own-owned smartphones. Mobile financial services such as M-Pesa have been available in many countries and support both banked and unencumbered populations. Based on market penetration of mobile phones (smartphones and feature phones), mobile money services like M-Pesa, Tigo Pesa and Paytm have very fast growth and have enabled L-Pesa.
Biometric identity. Traditional microfinance relies heavily on large branch networks since identity verification, online and directly. India's Aadhaar biometric ID system leads
world and has accounted for> 99% of India's 1.2 billion people. Other countries that are expected to successfully follow India for the implementation of biometric IDs will be generated dramatically owing the cost and ability to provide financial services without a physical branch of the network.
L-Pesa Service System
- Users register accounts in L-Pesa, often in response to social issues, media messages or SMS marketing messages. Over time, L-Pesa expects a large number of accounts to come from existing user referrals.
- Users add documentation to their L-Pesa account, usually identification documents like SIM or passport
- Users register an account on L-Pesa, often as a response to social media messaging messages or SMS marketing messages. Along the time, L-Pesa expects that a large number of account openings will come from referrals from existing users
- Users apply for an initial loan, usually for a local equivalent of $ 1.00. In many cases, this app automatically
- The loan application is further handled in the same way: Automation Based on the user's credit score is the key to success and scale
- Once the loan is approved, disbursements are processed in real-time mobile money services such as M-Pesa or Tigo Pesa.
- Users are given a payment plan and are expected to make regular payments on the loan. Repayment is also made using mobile money service. Users can make prepay without penalty. Payment arrears will impact the user's credit score and will generate automated messages to the user. Handling delinquency is very efficient, resulting in a loss ratio of less than 10%.
- User support is handled by the L-Pesa back-office team in Tanzania. User support is available in English language
Target market
The L-Pesa market target is a market of 40% of the population in the continent of Africa, India and southeast Asia. Its population is 3 billion and the population is growing very fast. India is at 92% penetration and many African countries are above 70%. L-Pesa works on smartphones and feature phones. L-Pesa relies on mobile money service providers for liquefaction and collection, making the process quick and efficient. Many countries were initially targeted by L-Pesa to have a high proportion of un-banked service populations on mobile money like M-Pesa's good choice. India has a higher rate of population percentage with bank accounts, and Aadhaar's biometric ID.
The database is now linked to bank accounts, making liquefaction and Collection in India potentially very efficient in the near future.
Dependency on mobile money service users in Africa limits basic L-PAS users to users with the mobile money service wallet. Until mid-2017, there are about 170 million wallets used in Africa. In India, more than 1 billion Aadhaar users have linked their bank accounts. The available L-Pesa market will far exceed L-Pesa's loan capacity and all its competitors in the coming malls. The limiting factor for growth is not expected to allow users to try L-Pesa but instead availability of capital for loans.
Token L-Pesa
Token nаma: KRIPTON
Token ticker: LPK
Owner Token: L-Pesa Internal Business ltd., Gibraltar.
Financial Auditor:
Token type: Ethereum ERC20
Totall Token issued: a maximum total of 3,200,000,000. The final amount
the token will be calculated as the final contribution amount.
The final number will be issued at the end of ICO.
Bonus: during the pre-sale period, the participant will meet the shirt for
the following bonuses:
A. Tier1 - During the first 4 days - 15%
b. Tier2 - Selawa the next 14 days - 10%
c. Tier3 - Over the next 28 days - 5%
d. Tier4 - Over the last 14 days - 0%
Day bonus amount
Airdrop for 30 days no bonus, Presale 30 days 25%, Level 1 4 days 15%, Level 2 14 days 10%, Level 3 28 days 5%, Level 4 14 days 0%
Token distribution
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