What is L-PESA?
L-Pesa creates blockchain-based, smart contract loans enabling people across the internet to grow their businesses and become thriving entrepreneurs. Hopeful visionaries can take loans in Ether or Bitcoin and then participate in L-Pesa’s curated marketplace facilitating peer-to-peer lending: the first crypto loan service in Africa.
L-Pesa is a token built on Ethereum blockchain that allows holders to use L-Pesa financial instruments at a lower cost. L-Pesa is a financial technology platform that provides new financial tools for consumers and small businesses in Africa and Asia Microloans, the first tool on the L-Pesa platform, enabling users to start or grow businesses, pay for education or support their ambitions in life. L-Pesa is undoubtedly here to cause a positive disturbance in the way cryptosystems operate. Many beginners in the crypto market may worry about how to do it. This system serves them by allowing for copying from other seasoned investors.
Africa is a huge continent, where more than a billion people live. From an economic point of view, this is a very promising area. Now there are more solutions to improve the quality of life of the hottest continents. One of these ideas will be discussed in this article.
The L-Pesa project is a crypto financial exchange platform. L-Pesa will enable African residents to not only use money transfer and withdrawal services, but will also provide the opportunity to receive micro-loans without filling out a large number of documents, avoiding the long wait for a response from the bank. All you need is to have a phone with a mobile app.
This project is capable of making a truly revolutionary breakthrough. That's why participation in ICO L-Pesa can be a very good investment. The team will release their own Kripton token, which has all the chances for a great future. Perhaps the truth is in the creator's statement: "L-Pesa - bitcoin for Africa" is. Therefore, everyone can join the company.
L-Pesa Service System
1. 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.
2. Users add documentation to their L-Pesa account, usually
identification documents such as driver's license or passport
3. Users register accounts in 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
4. Users apply for initial loan, usually for local equivalent to $ 1.00. In many cases, this app automatically
5. The next loan application is handled in the same way: automation
Based on the user's credit score is the key to success and scale
6. Once the loan is approved, the disbursements are processed in real-time
mobile money services such as M-Pesa or Tigo Pesa.
7. Users are given a payment plan and are expected to do regular
paying the loan. Repayment is also made using mobile money service. Users can make prepay without penalty. Payment arrears will
impact the user's credit rating and will generate an automated message to the user. Handling delinquency is very efficient, resulting in a loss ratio of less than 10%.
8. 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
work 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 is a good choice. India has a higher level
percentage of population with bank account, and Aadhaar biometric ID
The database is now connected to the bank account, making the disbursement and
Collections in India are potentially very efficient in the near future.
Dependency on African money service users restricts L-Pesa users
basis for users with mobile money service wallet. Until mid-2017, there
about 170 million wallets are used in Africa. In India, more than 1 billion
Aadhaar users have contacted their bank account.
The available L-Pesa market will far exceed L-Pesa's loan capacity
and all its competitors in the upcoming mnsa. Limiting factor for
Growth is not expected to allow users to try L-Pesa but vice versa
availability of capital for loans.
The key business model of L-Pesa is:
● A highly automated back office system that allows virtually complete task automation tasks
● Integration with mobile money providers to obtain efficient loans
disbursement and collection of payments.
● The process of loan origination is very efficient - fully online and almost
fully automatic
● Model of customized credit rating that has been adjusted
The first 35,000 loans issued by L-Pesa resulted in a loss ratio below 10%.
Advantages
- L-Pesa customers have access to affordable financing optionshelping them improve their lives- Provider of third party capital L-Pesa may use its capitalget interesting results- Shareholders and employees of L-Pesa can obtain reasonable returns on their investment and workforce
Token L-Pesa
Token name: KRIPTONToken ticker: LPKOwner Token: L-Pesa International Business ltd., Gibraltar.Financial Auditor:Token type: Ethereum ERC20Total Token issued: a maximum of 3,200,000,000. The final amountthe token created will be calculated according to the final contribution amount.The final number will be issued at the end of ICO.
Bonus: during the pre-sale period, the participant will be eligible forthe following bonuses:A. Tier1 - During the first 4 days - 15%b. Tier2 - Over the next 14 days - 10%c. Tier3 - Over the next 28 days - 5%d. Tier4 - Over the last 14 days - 0%
Day bonus amountAirdrop 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
57% Public (out of all created tokens),
Team and Advisory 20%,
Bounties Program 1%
22% Reserve (airdrop)
Locking period: L-Pesa underwent 12 months of confinement.
Transfer Token: Token will be transferred to buyer upon payment of ICO confirmation / settlement. Token will be activated only after ICO completion. Furthermore, token transfers will only exist
probably after successfully completing ICO.
For more information, visit the official website here:
Website: https://kriptonofafrica.com/
Technical document: https://kriptonofafrica.com/stati/pdfs/LPesa_ICO_white_paper_Jan_7_2018.pdf
ANN: https://bitcointalk.org/index.php?topic=2873068.0
Facebook: https://www.facebook.com/kriptonlpk/
Telegram: https://t.me/joinchat/HbNNkBLQJkw7765Ri7tg7w
Twitter: https://twitter.com/LPesaMicrofin
Bitcointalk profile: redtrust
Ethereum Address :0x96b34E3c398b1044430c329032457a3fC064cd46
Comments
Post a Comment