iamhandsome: KRIPTON L-PESA | JOIN THE MICRO FINANCIAL FUTURE

INTRODUCTION.

The most important findings of the last two decades in the financial world have not come from a rich or prosperous universe. More important than fence inventory investments or fluid supply notes is the finding that the poor can save, be able to earn (can be sure to choose credit for the diverse poor), and will completely replace the credit. This is the microfinance universe.

Microfinance is defined as, financial services such as savings accounts, insurance and credit funds provided to poor and low-income clients that help them increase their income, thereby improving their living standards.

L-Pesa creates a blockchain-based smart contract loan that allows people across the internet to grow their business and become a thriving businessman. Visionary visionaries can take a loan in Ether or Bitcoin and then participate in the L-Pesa curative market that facilitates peer lending: the first crypto loan service in Africa.

WHAT IS L-PESA?

L-Pesa Microfinance is a fintech startup that is ready to take advantage of the burgeoning financial services needs of the developing world. The company has validated the Model operation over the past 24 months and has built up advanced technology, automating most of the operations. The main obstacle to growth at this point is its ability to fund user acquisitions and loans. The ratio of loss on the loan goes below 10% while the loan repayment is

about 25%.

The idea for L-Pesa was incubated for a decade, and business was launched at a time when four important market forces converged to allow scaling:

• Big Data, Artificial Intelligence & Blockchain

• Alternative Credit Data

• Cellular Technology

• Biometric Identity

HOW DO IT WORK?

L-Pesa has leveraged this market power and assembled innovation and exclusive credit score models that enable it to scale microlending quickly in creating the country while keeping the proportion of misfortunes below 10%. These settings are highly robotized, allowing small groups behind the office to help start high credit volumes. All credits are overhauled by L-Pesa.

Each user's credit score is visible in column four. Last column in

the right provides a visual indicator of a wide range of factors

impact approval, such as ID verification, previous loan experience, etc.

The process by which L-Pesa has achieved this success is described in [2]

picture below:

1. Users register accounts in L-Pesa, often in response to social media posts or SMS marketing messages. Over time, L-Pesa expects that a large number of account opening will come from references from existing users. 2. Users add documentation to their L-Pesa account, usually identification documents such as driver's license or passport. 3. L-Pesa staff verifies identity. Much of this work is automated, and more automation will be added in the coming months. 4. Users apply for initial loan, usually for local

equivalent to $ 1.00. In many cases, this application is automatically approved. 5. Subsequent loan applications are handled in the same way: automation based on a user's credit score is the key to success and scale. 6. Once the loan is approved, disbursements are processed in real-time using cellular money services such as M-Pesa or Tigo Pesa. 7. Users are given a payment plan and are expected to make regular payments on the loan. The repayment is also made using cellular money service. Users can make prepay without penalty. Pending payments will impact the user's credit score and will generate automated messages for

users. Handling delinquency is very efficient, resulting in loss ratio

less than 10%. 8. User support is handled by the L-Pesa back-office team in Tanzania. User support is available in English and Swahili via social media, email and phone channels.

WHY YOU MUST BELIEVE L-PESA.

The main thing that you will see after you meet with the L-Pesa client is the pleasure they have after the administration use. If you never use this administration, or meet someone who has, you may worry about how it functions. Indeed, there are several reasons why you should trust L-Pesa and here are some things you should know.

Here are some factors why you should trust L-PESA;

RELIABLE - L-Pesa will offer you a loan that is completely unsecured, which is a feature you will not find with many creditors. This means that L-Pesa starts their relationship entirely on trust, believing that you will repay your loan on time. After you make the repayments as expected, you are rewarded with the opportunity to borrow more money. This way, you can start with a $ 5 loan and from time to time, receive a loan that gets up to $ 3000.

NO HIDDEN FEES - When you use L-Pesa for a microloan service, you will find that there are no hidden costs to worry about. You'll know what your interest rate is before you start, and also be given all the information about any additional costs you should know.

EASY APPROVAL - In the traditional application process for financing, you will find that there are many steps you need to follow, which often takes weeks. If you do not qualify, you may never know the reason. With L-Pesa, this is not the case. The application can be completed in a few minutes and if there is a problem, you are given the opportunity to complete it. In addition, there is no need for extensive documents. All you need is your phone and national identification to start the loan application process.

EXCELLENT CUSTOMER SERVICE - L-Pesa offers microloan services primarily on your mobile banking, but that does not mean that you will not get the help you need from customer support staff. All you need to do is enter your number in the Facebook massager and you will talk to someone who can clarify any issues you may encounter.

IT'S FOR EVERYONE - Anyone can use L-Pesa as long as they are over 18 and have mobile banking. It can provide loans to individuals, as well as to groups that seek funding for activities. There are also special products on this platform that have been made for farmers that allow them to buy seeds and increase output. Microcredit has far more meaning than just cash with the available L-Pesa services.

Although many different foundations will require you to provide them with physical security, the L-Pesa you need is your versatile account management. It needs to be dynamic or have multiple exchanges over half a year in order for you to adjust the bill for the down payment. This is the administration that is compiled because of the client.

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