{"id":2003,"date":"2018-03-19T14:54:20","date_gmt":"2018-03-19T14:54:20","guid":{"rendered":"https:\/\/atozcrypto.org\/?p=2003"},"modified":"2018-03-21T17:38:37","modified_gmt":"2018-03-21T17:38:37","slug":"kripton-the-bitcoin-of-africa-pre-sales-coming-on-the-18th-march-2018","status":"publish","type":"post","link":"https:\/\/atozcrypto.org\/kripton-the-bitcoin-of-africa-pre-sales-coming-on-the-18th-march-2018\/","title":{"rendered":"KRIPTON! The Bitcoin of AFRICA, Pre-sale’s coming on the 18th March 2018"},"content":{"rendered":"

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What Is L-Pesa Kripton Microfinance?<\/h2>\n

L-Pesa<\/strong>\u00a0is a micro-loans lending company founded in Delaware in the U.S. The company offers personal, group and business loans via mobile phones in developing countries. A user who can repay their loan in time can access higher loans with a lower interest rate and payment period. Before getting a loan from the platform, L-Pesa conducts credit checks of the borrower with the help of credit reference partners. In case it is a new customer, a quick interview is done before the customer can be given a loan.\"\"<\/a><\/p>\n

The firm has operated in Kenya and Tanzania in the last three years and currently has a customer base of 150,000 customers and the loan repayment rate for the loans they have provided to customers is 90%. The firm also has plans to open branches in India and Uganda and expand its operations to other parts of Africa and Asia.<\/p>\n

Current Financial System In Developing Countries<\/h3>\n

In the developing countries under the current financial system, there are many people who cannot access financing from the traditional financial institutions due to lack of the proper paperwork or because the requirements put up by the loan facilitating institutions. Additionally, for microfinance to work its operations have to be efficient, and the operational costs limit how low such platforms can go in regard to lending amounts. However, the\u00a0use of blockchain technology<\/a>\u00a0in the financial sector allows the overcoming of the existing barriers and leads to efficiency and transparency. Further, it reduces the cost of doing business, which makes small lending viable.<\/p>\n

Blockchain will allow\u00a0L-Pesa<\/em>\u00a0to expand its reach to those people who might seem unprofitable leading to a more inclusive community. Tokens will also help the L-Pesa platform build a community and create a network effect.<\/p>\n