L-Pesa Creates Blockchain-Based, Smart Contract Loan

L-Pesa Microfinance has a long history throughout the world and for centuries has been meeting the needs of important. In fact, various forms of microfinance has a huge impact on the economic development in Western Europe in the 18th century and the 19th. In 50 years, micro finance has started to make an impact in Asia and Africa through organizations such as the Grameen Bank.

However, traditional microfinance have limited coverage, and solutions have been targeted on the poor peasants and small business owners. Middle-class consumers and business owners in developing countries have an unmet credit demand, but the current financial infrastructure in these countries does not support the underwriting credit.

What Is L-Pesa?
L-Pesa Microfinance startup fintech ready to harness financial services needs in developing countries. The company has been validating model operations over the past 24 months and have built sophisticated technology, automate most operations. The main obstacle towards growth at the moment is its ability to fund the acquisition of users and loans. The ratio of losses against the loan goes below 10% while return on loans of about 25%.

The idea for the L-Pesa incubated for a decade, and the business was launched at that time four important market forces converged to allow scaling:
Large Data, Artificial Intelligence & Blockchain
Alternative Credit Data
Mobile Technology
Biometric identity
L-Pesa has been harnessing the power of this market and build technology and proprietary credit scoring model that lets them do microlending quickly in developing countries while maintaining the ratio of losses below 10%. The solution is highly automated, allowing a small back office team to support a high volume of loan origination. All loans are serviced by L-Pesa.

L-Pesa has a strong focus on automation. 95% of the acquisition process and underwriting acquisition users automatic and therefore very scalable. The company has spent two years developing a system facing customers and back office system using a team of seven software developers. The user experience is based on mobile and web interfaces, and marketing especially through social media and SMS.

Stack technology L-Pesa built on top of Amazon Web Services, cloud computing platform on-demand a highly scalable had or used by major brands like Netflix, Airbnb, Pinterest, and Spotify. L-Pesa has been integrating a number of third-party applications to perform tasks such as SMS messages, user verification, and marketing. Transfer of funds is handled through the integration with service provider money moves like M-Pesa, Airtel, Tigo Pesa, and MTN.

L-Pesa has published more than 38,000 loans since airing in March 2016. More than 170,000 users have signed up based on a social marketing campaign with a minimal budget. The marketing strategy has been enhanced over the past 24 months, and L-Pesa is now ready to launch marketing campaigns via SMS and social media for customer acquisition costs with projected conservatively amounted to $1.00.
The Vision Of The Project L-Pesa
L-Pesa was founded with the vision to improve people’s lives through the efficient access to credit and related financial services. It’s about making the world a better place for everyone. L-Pesa started offering microfinance services in Tanzania in the year 2016 and has developed its geographical footprint and service offerings with the higher speeds in pursuit of this vision.
Token Krypton (LPK)
Krypton Token is built upon Blockchain Ethereum which allows the holder to use the financial tools L-Pesa with low cost.

Details Of The Sale Of Tokens
Schedule Token Sales April 10, 2018
The Purchase Token Ethereum, Bitcoin
Total Supply Tokens 2, 600.000.000 LPK

DETAIL INFORMATION :
WeBsite: https://kriptonofafrica.com
whitepaper: https://kriptonofafrica.com/static/pdfs/L-Pesa_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

My Profile:
https://bitcointalk.org/index.php?action=profile;u=1183913
My Ethereum Address:
0xD25856D7408b6b4C6918165424ac9A5B75Ac26fE