About L-Pesa

L-pesa is a new trading platform based on successful blockchain methods that demonstrate the market and change the way the financial ecosystem works. This system uses its platform counterparties to help in the trading process of some incredible asset types. In addition, this platform uses its own cryptomoney, known as symbolic trading. Developers expect to achieve large liquidity targets that will maintain token operations to support chip holders.

The objective of this platform is to lead the transformation of multiple financial assets with blockchain technology. Once you decide to join this negotiation page, I'm sure you can continue with the founder's experience and creative ideas.

L-Pesa creates reliable contracts by allowing people to improve their business through the Internet. You can borrow bitcoin loans from trusted people and then join other elements of this ecosystem. L-Pesa can be described as the first cryptographic lending service in Africa.

How does it work?

The L-Pesa model is partly based on the ladder of trust: users start with minimum loans (usually $1.00) and get larger loans through small loans successfully repaid. Credit scores are influenced by other factors, such as completing identity checks. The whole process of obtaining an L-Pesa loan will look like this:

The user registers an account with L-Pesa, often in response to a posting on a social network or an SMS message. During L-Pesa, many new applications are expected to attract us on the recommendation of existing users.

The user adds identity documents, such as a driver's license or passport to an L-Pesa account.

L-Pesa employees perform automated identity verification.

The user submits initial applications for a loan, usually in a local equivalent of US$1.00. In many cases, this application is automatically approved.

All subsequent credit applications are treated in the same way: automation based on the user's credit score is the key to success and scale.

After the loan is approved, the payment in real time is made using mobile facilities such as M-pesa and tigo Pesa.

The user receives a loan payment schedule, according to which he or she will make regular payments. Reimbursement is also made using mobile money transfers. Late payments will affect the user's credit rating.

Customer support will be provided by L-Pesa's back-office team in Tanzania. User support is available in English and Spanish.

swahili through social networking, email and telephone channels.

L-pesa offers three types of loans: personal, commercial and group loans, all via mobile phone. A user who pays loans on time and has a good credit history can access higher loans, lower interest rates and payment periods. Before issuing loans, we perform some background checks on the client using credit reference partners and, for clients, a quick and successful interview leads to an initial loan. Learn more about our business here: www.l-pesa.com Like every entrepreneurial journey, there have been victories and upheavals along the way. Three years later, we are operating in two countries with a customer base of over 150,000 registered and growing customers. Plans are underway to open branches in Uganda and India in the short term and to expand throughout Africa and Asia in the long term.