Krypton,

L-Pesa Microfinance is the right start, ready to take advantage of the financial services needs in the fast growing developing world. L-Pesa is very concerned about automation. 95% of the process of acquisition and guarantee of automatic users and therefore highly measurable. The company spent two years developing its clients and back-
Office system, using the software development team of seven. The user interface is based on the mobile and web interface, and marketing is mainly done through social networking and SMS.

The pile of L-Pesa technology builds on Amazon Web Services, a highly scalable on-demand cloud computing platform used or used by major 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. The transfer of funds is done through integration with mobile money service providers, such as M-Pesa, Airtel Money, Tigo Pesa and MTN.

Network effect:

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 have to give a return. To promote microfinance, we must be very effective; costs for
getting a $ 1,000 loan is $ 100, and because operating costs, banks and financial institutions are limited at what price. Blockchain provides transparency and efficiency, and this dramatically reduces operational costs, which makes small loans work. Tokens are transactional over fiat, making them more attractive to the target
L-Pesa market, and also helps in creating a community and creating network effects.
We do this with fiat as operating operations; blockchain will allow us to expand our coverage and reduce our costs. The cost of bank financing does not allow us to find the people who need it most. Expansion of activities through coverage extension will enable us now to provide services to people who can not be served by banks or microcredit, as it is considered "unprofitable"

L-Pesa was established to improve people's lives through effective access to credit and related financial services. Ron Ezra Tuval, founder of L-Pesa, spent most of his career working in developing countries and admitted a decade ago 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.

The L-Pesa Initiative.



The idea of ​​L-Pesa was incubated for a decade, and that business
launched at a time when four important market forces united to ensure
fast scaling

L-Pesa has built its own credit guarantee system, which is one of the keys to its success. Consumer credit reporting, as it is available in Western Europe and North America, does not exist in Africa, India or other developing regions. Over the years, a number of models have been tested, some of which have achieved greater success than others. The L-Pesa model is based partly on the trust ladder: the user starts with a very small loan (usually $ 1.00) and gets a larger loan after a smaller loan has been paid off on schedule. Successful payments contribute to credit accounts. Credit scores are influenced by other factors, such as completing an identity check. In addition, L-Pesa relies on other service providers to view users; in their current market,

For more information visit;

Website: https://kriptonofafrica.com/
Telegram: https://t.me/LpesaICO
Twitter: https://twitter.com/lpesaico
Facebook: https://www.facebook.com/lpesaico


AUTHOR: Gunting
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