L-Pesa(Kripton): Microfinance Technology Platform on Blockchain

What is L-Pesa?
L-Pesa is a microfinance company established in Delaware in the United States. The company offers personal loans, group and mobile business in developing countries. A user can repay their loan in time to access higher loans with a lower interest rate and payment period. Before receiving a loan from the platform, L-Pesa conducts a credit check of the borrower with the assistance of credit reference partners. In case it's a new customer, a quick interview is done before the customer can be lent.
L-Pesa created blockchain-based contract loans that allow people on the internet to grow their businesses and become successful entrepreneurs.
The company has been operating in Kenya and Tanzania for the past three years and now has a client base of 150,000 customers and a loan repayment ratio of 90%. The company also plans to open branches in India and Uganda and expand operations to other regions of Africa and Asia.
The current financial system in developing countries
In developing countries under the current financial system, many people are unable to access finance from traditional financial institutions due to the lack of proper documentation or because of the requirements of the financial institutions. lending comdition. In addition, for microfinance to operate must be effective, and operating costs limit the low level of such platforms for loans. However, the use of blockchain technology in the financial sector allows for the correction of existing barriers and results in efficiency and transparency. Moreover, it reduces the cost of doing business, making small loans possible.
Blockchain will allow L-Pesa to extend its reach to those who do not seem to have access to the broader community. Token will also help the L-Pesa platform build a community and create a network effect.

Details about L-Pesa LPK ICO
Token of the platform is called Kripton or Bitcoin of Africa, and it was released with a total of $ 25 million to meet demand and enable the company to provide better services to its growing customers. it. The company hopes that Kripton will be used as a medium of exchange and provide the first peer lending platform in Africa.


- Token: LPK
- Price: 1 LPK = 0.04 USD
- ICO time: 2018-04-10 to 2018-05-10
- Bonus: Yes
- Bounty: Yes
- Background: Ethereum
- Acceptance of contributions: ETH
- Minimum Contribution: 0.5 ETH
- Soft cap 50,000 USD
- Hard cap $ 52,000,000
- Country: Gibraltar
- Whitelist / KYC: Yes
- Country banned: China, South Korea, New Zealand

Token sale timeline


Founder


Advisors


Team


Kripton copper will be used:
- A medium of exchange on L-Pesa microfinance
- As the platform expands, people will be repaying their loans with Token
- People who own digital money can get a loan at a lower cost.

Reference Information
Website: L-Pesa
Whitepaper: https://ico.lpesa.io/static/pdfs/L-Pesa%20ICO%20white%20paper%202018.pdf
Telegram link: LPesa Kripton ICO
Facebook page: L-Pesa Crypto World
Twitter profile: L-Pesa Microfinance
Instagram link: L-Pesa Kripton ICO (@lpesaico) • Instagram photos and videos
Medium link: Medium
Bitcointalk ANN: ALMOST 1M USD IN REWARDS, 8 WEEKS.