For any business to thrive in the marketplace, we cannot over emphasize the role played by capital in any enterprise. If you have ever tried funding a start-up business before, then you will understand the challenges being faced by most start up organizations when setting up businesses. This is the issue faced by the Msmes industry today. But a game changer PNGME sets a pace and a new paradigm!
STATEMENT OF PROBLEMS
The most challenging of these problems includes; Stress that borrowers passes through when they have no formal credit history hence having to face lending rates that exceeds 200% APR. More than 200 million MSMEs around the world do not have access to capital to develop their business. This has greatly affected the world at large. The MSMEs if provided with the needed capital will help better the world and improve our standard of living.
Another problems with the Msmes include lack of trust between the MSMEs and bank, inadequate funds to provide the capital as some banks depends on the savings of their customers which is not enough to provide the capital, inconvenient lending terms etc. Having known all these problems that are endemic to the marketplace lending industry, To provide and efficient and reliable funding system suitable for the MSMEs becomes necessary.
Other problems are:
Limited access to decentralized loan marketplaces that provide MFIs, MSMEs, digital asset hedge funds, and mobile money services.
Most marketplace lenders place their loan rates utilizing inadequate credit models.
Borrowers have no choice when sourcing for lenders due to a lack of formal credit history leading to high APRs.
Hence the birth of Pngme to curb all these menace. Allow me to introduce the PNGME platform to you. This is a platform that is set to eradicating the issues we have with getting access to adequate capital for our start up businesses.
WHAT IS PNGME?
Pngme is a worldwide market for digital financing that links lenders and borrowers to blockchain technologies. Pngme is a lending platform (global altenative lending platform) that has created an avenue where those in need of low-cost capital can access as well as those investors in need to gain access to alpha. Pngme has provided several ways and tools that can be utilized by borrowers to enable them credit score thier patronisers in order to acertain the level of capital that can be given to their customers. Pngme is not only created for borrowers but for institutional investors as well. With Pngme instutional investors can also utilise the pngme lending platform to raise capital by accessing the digital bond present in the platform.
The concentration of the Pngme platform is on the emerging markets where the startups and the financial institutions have been having a hard time accessing capitals. With the blockchain infrastructure introduced by this project, it would be easier to gain such financial instruments.
SOLUTIONS OF THE PNGME
To profer solutions to these problems, Pngme does set some salient solutions such as:
With Pngme, Loans contained inside digital bonds can be collateralized utilizing conventional, liquid cryptocurrencies, and phone locking development, bringing down borrower risk just as exposure to borrower default.
Borrowers will now be allowed to lend money, get prices, and build their credit scores.
Users will also be charged a low transaction fee when operating mobile payments in their local fiat currency or even the digitalized currency.
Pngme bridges the link between the lenders and borrowers.
THE PNGCOIN
This token is operated on the Ethereum ERC-20 platform and it was created to be used by two primary stakeholders: Application users (individuals or business who uses the Pngme mobile App to either save money, make payments, etc), and network validators (they validate and authenticate transactions on the Pngme network and also take part in the governance of Pngcoin). Users an acquire this token by registering on the Pngme mobile banking app, stake Pngcoin in their savings accounts, refer friends, or buy them via a secondary market. Also, Pngcoin will double as a discount utility token for app users who stake Pngcoin as a member.
BENEFITS OF THE PNGCOIN TO USERS
This Pngcoin is designed in a way that it can only accommodate those two stakeholders. There are several ways an application user can acquire pngcoin tokens .these ways include sign up and be a registered candidate to the pngme mobile application will add a certain pngcoin tokens in your wallet. Another way is by referring a friend. This is by sharing the pngme link to your friend via your account link so as the signup and register for the pngme account. This will also enable you to earn certain tokens since it will depend on how many people you will refer to this application. The more you join many people, the more you will be awarded pngcoin tokens.
BENEFITS OF USING PNGME
Below are the various benefits a user gets from using the PNGME platform:
Pngme bridges gap between borrowers & lenders.
Pngme platform has an easy and simple to use user interface.
Pngme offers best and affordable interest rates.
The Pngme platform comes with a top-notch security.
Users will get 24/7 access of wallets at all times.
High-tech infrastructure.
Pngme ensures a 24/7 customer services.
Transparency is a core value of the Pngme platform.
CONCLUSION
Pngme with the use of Blockchain Technology, will raise the world economy to another level. We have seen this application can automatically guarantee investors and business owners with soft loans which they can use to boost their businesses and also increase their profit. This loan platform, once utilized fully, it will bring resolutions to many challenges faced by borrowers and investors.
USEFUL LINKS ABOUT PNGME:
Website: https://pngme.com/
Whitepaper: https://docsend.com/view/x4ts5tm
Telegram: https://t.me/pngmecommunity
Twitter: https://twitter.com/pngmemobile
Facebook profile: https://www.facebook.com/pngme
Author
Bitcointalk username: Jabatani
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1983653;sa=summary