LPESA: The Decentralized Microfinance model built on the latest technology for people

Mei 01, 2018

LPESA: The Decentralized Microfinance model built on the latest technology for people

What is L-PESA?

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.

ABOUT PROJECT:
L-Pesa Microfinance is the beginning of fintech, ready to take advantage of the rapidly growing demand for financial services in developing countries. L-Pesa is very concerned about automation. 95% of the acquisition process and underwriting users are automatic and therefore highly scalable. The user interface is based on the mobile and web interface, and marketing is mainly done through social networking and SMS.

Technically, L-Pesa is built on Amazon Web Services, a highly scalable cloud computing platform used by big brands like Netflix, Airbnb, Pinterest, and Spotify.
L-Pesa has integrated a number of third-party applications to perform tasks such as SMS messaging, user verification and marketing. Fund transfers are made through integration with mobile money service providers, such as M-Pesa, Airtel Money, Tigo Pesa and MTN.

PROJECT OBJECTIVES:
L-Pesa is not a charity. L-Pesa is just a business. Being a business gives us certain freedoms that charity organizations do not have. As a business, we must provide returns. To promote microfinance, we must be very effective; the price of the loan in the amount of $ 1,000 - is equal to 100 US dollars, and because the bank operating costs and financial institutions limited. Blockchain provides transparency and efficiency, and this dramatically reduces operational costs, which makes small loans work. Crypt currency is an efficient transaction over conventional currency, making it more attractive for L-Pesa purposes.

Blockchain will expand coverage and reduce costs. Bank financing costs do not allow us to find the people who need them most. Expansion of activities through coverage extensions will enable us now to provide services to people who can not be served by banks or microcredit, as they are considered "unprofitable"

L-Pesa

For over two years, the L-Pesa community has taken advantage of their human capital - skills, talents, and expertise - to bring microcredit to everyone who wants to grow their business and trade their poverty so that dreams come true.

L-Pesa was established to improve people's lives through effective access to credit and related financial services. Ron Ezra Tuvalu, founder of L-Pesa, worked most of his career in developing countries and ten years ago found that the most effective way to improve people's lives is access to credit and related financial services. Since the founding of L-Pesa, Ron has been particularly focused on achieving this vision. It's about making the world a better place for everyone. L-Pesa began offering microfinance services in Tanzania in 2016 and every day expands its service offerings and geographic coverage to seek this vision.

L-PESA TOKEN
L-Pesa Token is built on the Ethereum blockchain which allows the holder to use the L-Pesa financial instrument at a cheaper cost.

PLATFORM
L-Pesa is a financial technology platform that provides new financial tools for consumers and small businesses in Africa and Asia.

MICROLOANS
Microloans, the first tool on the L-Pesa platform, allows users to start or grow a business, pay for education, or support their ambitions in life.

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