L-Pesa-creates a blockchain-based smart contract loan that allows people across the internet to grow their business and become a thriving entrepreneur.

Africa is a large 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 financial cryptographic exchange platform. L-Pesa will allow Africans not only to use money transfer services and withdrawals, but will also provide the opportunity to receive microloans without filling out a large number of documents, avoiding a 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 participating in ICO's L-Pesa can be a great investment. The team will launch its own Kripton token, which will likely have a bright future. Perhaps the truth is in the creator's declaration: "L-Pesa - Bitcoin for Africa" ​​is. Therefore, everyone can join the company.

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.

For most people, they need a loan. With loans, they can run their business. If these loans are used appropriately then, their business will grow fast. Seeing that L Pesa makes smart blocks based on loans, it can get people on the internet. to be able to advance their business and become successful entrepreneurs. The strategic vision of a reliable can take a loan in Ether or Bitcoin, then this can be marketed to facilitate L-Peser peer-to-peer loans to the crypto service. who is the first in Africa L-Pesa is a company that has validated its operation model over the past 18 months and is built on cutting-edge technology, which automates most of its operations. about 25%.

There are four converging market forces in Scaling. That includes, Big Data, Artificial Intelligence and Blockchain, alternative credit data, mobile technology, biometric identities. The system has limited coverage, and the solution is aimed at poor farmers and small business owners. Middle-class consumers and business owners in developing countries can not apply for credit, but the infrastructure The current financial situation in these countries does not support billing credits. The market today presents a number of problems, including:

• Subscribe. Traditional consumer and business credit reports used for underwriting loans in developed countries are generally unavailable, and unsecured loans will lead to a high default rate.
• Lack of bank credit. Traditional bank loans are not common in developing countries.
• Microfinance focuses on agriculture only for traditional microfinance institutions that often lend to poor rural farmers. Middle-class consumption is not allowed to use microfinance.
• Bank business models and insane MFIs have high input costs, against the lack of data for secured loans, and are often not implemented.

advantages of new technology

• Microfinance is targeting the poor only with consumers, farmers and small business owners in Indonesia. Developing countries with the lowest levels of poverty have little chance of getting credit.
• Most consumers do not veer. Many consumers, farmers and small business owners in developing countries do not have bank accounts.

The above described barrier solution is illustrated as follows:

• Large Data, Artificial Intelligence and Blockchain This new tool lets you store large amounts of data and analyze data for a small fee several years ago.
• Advances in artificial intelligence offer new opportunities for automatic loan payments.
• Blockchain technology enables faster, safer and cheaper exchange rates.
• Blockchain technology has begun to revolutionize financial services and will bring enormous results in the next 10 years - the blockchain has been described. Such as internet money and will make the internet financial services have information and.

trading

• Alternative data credit. Just ten years ago, little data was available in most countries of the world. This has changed with the rise of social media and related trends because new tools have been developed to make this data useful for decision making in subscription loans. released. L-Pesa has developed unique credits with unique models based on user behavior combined with traditional credit and replacement data. L-Pesa competitors have developed their own ownership model. The experience of the next decade will lead to improved best practices, eventually becoming industry standards.
• Mobile technology The rise of mobile phones over the past two years has been one of the most technological and market changes in human history. Most people now have phones and many of their smartphones. Mobile financial services such as M-Pesa are available in many countries and supported by undifferentiated and under-served communities. Mobile money services like M-Pesa, Tigo Pesa and Paytm grow rapidly and allow L-Pesa.
• Identification of biometrics Traditional microfinance depends primarily on large branch networks because identity verification is done online and directly. The Indian Biometric Identification System Aadhaar paved the way and listed 99% of India's 1.2 billion people. Other countries that are expected to successfully implement biometric identity cards will create substantial cost savings and the ability to provide financial services without a real network branch.

L-Pesa service system

1. User registration in L-Pesa, usually to meet social issues of multimedia messages or SMS marketing messages. Over time, L-Pesa expects a large number of accounts to come from current reference users.
2. Users add documents to their L-Pesa account, usually ID documents like SIM or passport.
3. Users sign up for an L-Pesa account, usually responding to social media or SMS messages. Over time, L-Pesa hopes. A large number of account opening hours will come from existing user references.
4. The initial borrower, usually local, is $ 1.00. In many cases, this app will be automated.
5. The next loan application is treated the same way: automation based on a user's credit score is the key to success and scale.
6. Once the loan is approved, the disbursement of goods is processed in real time such as M-Pesa SMS service or Tigo Pesa.
7. Users receive payment plans and must make regular loan payments. Payments are also made by mobile phone service. Users can make prepay without penalty. Outstanding debt affects the user's credit score and generates automatic alerts for users. Dealing with fraud is very effective, resulting in a loss rate of less than 10%.
8. User support is provided by the L-Pesa logistics team in Tanzania. User support is available in English.

Target market

• The purpose of the L-Pesa market is to market 40% of the population in Africa, India and Southeast Asia. Its population is 3 billion and its population is growing rapidly.
• India has a penetration rate of 92% and many African countries over 70%.
• L-Pesa works on smart phones and functional phones.
• L-Pesa relies on mobile money service providers to liquefy and collect, which makes the process quick and efficient.
• Many countries have been targeted by L-Pesa for the proportion of service residents who are not trapped.
• On phones like M-Pesa is the right choice.
• India has a higher qualification of the proportion of the population having a bank account and Aadhaar biometric ID.
• The database is now connected to a bank account, allowing for disbursement and. The Indian collection is potentially very effective in the near future. Dependency on African money service users restricts L-Pesa users to the user base with their mobile wallets. Until mid-2017, there are about 170 million portfolios used in Africa. In India, more than one billion Aadhaar users have connected their bank accounts. The existing L-Pesa market will exceed L-Pesa's ability to lend and all future competitors.
• Limiting factors people do not want to grow L-Pesa but otherwise there is a loan available.

The main activities of L-Pesa are:

• Automated office automation systems allow most automation tasks
• Integrate with mobile money providers to get efficient loan payments and billing.
• The loan process is very effective - online and most importantly fully automated.
• The customized credit rating model has been adjusted. The first 35,000 L-Pesah loans resulted in less than 10% losses.

benefits

• L-Pesa customers have the right financial options to help them improve their lives Third-party capital providers L-Pesa can use the funds to earn some interesting results.
• Shareholders and employees of L-Pesa can earn reasonable return on investment and human resources.

Token L-Pesa

Token name: KRIPTON

Securities Code: LPK

Owner's Name: L-Pesa International Business Ltd., Gibraltar.

Financial auditor

Token type: Ethereum ERC20

Total number of tokens: Maximum 3,200,000,000. The final number of Chips generated will be calculated based on the final donation amount. The final issue will be published at the end of ICO.

Bonus:

During the pre-sale period, participants are entitled to the following bonuses:

• Level 1 - In the first 4 days - 15%
• Level 2 - In the next 14 days - 10%
• Level 3 - In the next 28 days - 5%
• Tier4 - In the last 14 days - 0%

Bonus day

• 30 day sale without bonus,
• level 1 4 days 15%,
• level 2 14 days 10%
• level 3 28 days 5%,
• level 4 14 days 0%

Tokens are distributed

57% Public (on all cards created) Group and consultant 20% Premium 1% 22% Reserves (drop down) Time-Break: L-Pesa spends 12 months in custody. Transfer token: Token will be transferred to the bank. buyer after payment of ICO confirmation / payment. Token will only be activated after the end of ICO. In addition, Token Transcoder will only exist after ICO completion.

The crowdfunding campaign will have two general steps:

1. Presale, where the minimum amount of contribution will be set at 5 ETH and the offered bonus will be 25%. Presale will last 30 days.
2. General sales where there will be no minimum contributions and bonuses are provided as follows:

• In the first 4 days - 15%
• In the next 14 days - 10%
• In the next 28 days - 5%
• In the last 14 days - 0%

Semi-public will last 60 days. The minimum budget objective (soft cap) is $ 5,000,000 and the maximum amount received (hard capital) is $ 25,000,000. The suggested price is $ 0.01.
Sign up before token before you sell it! You will receive 1,000 free coins ($ 18.00) directly to your wallet. The coins automatically redeem the code as they begin to share. List below to collect your free coins now!

ICO L-Pesa calendar

• Sales on March 10, 2018
• The previous sale expired on April 9, 2018
• ICO commenced on April 10, 2018
• ICO expires on 10 June 2018

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