Topic: [ANN] 💥 LendLedger | Data-driven, Decentralized Lending 🌎 Powered by Stellar ⚡ - page 14. (Read 4269 times)
June 19, 2018, 12:09:20 PM
There are huge lending projects running already with a lot of funds under management. How are you going to bootstrap initial liquidity problems on your platform?
June 26, 2018, 09:27:13 AM
There are huge lending projects running already with a lot of funds under management. How are you going to bootstrap initial liquidity problems on your platform?
From Gautam Ivatury (co-founder/CEO):
@stas, thanks for the question. Sorry for the delayed reply.
Quick answer: our founding team also owns and runs a significant lending business in India ($30m in disbursements over coming 12 months, based on current volumes), which can cover initial lending volumes in that market as we demonstrate LendLedger there first. We expect to bring the Happy Loans lending on to the LendLedger rails in Q4.
In parallel, given our decades of experience running financial institutions in emerging markets, we’ve already begun pulling financial institutions and others onside. This includes recent evangelization with banks, microfinance organizations, and global industry-building bodies like the World Bank group and other impact investment / donor organizations. The community around LendLedger is growing. We’ll be making more announcements about this soon.
On a separate note, I assume that by “huge lending projects” you mean recent ICOs like Ripio, Bloom and others. (If you mean something else, please do correct me). I'd just point out that lending gaps for micro, small and medium businesses alone — I.e. the funds they need but aren’t able to borrow — are in the trillions of dollars. We need lots more work than the handful of recent ICOs. This credit gap affects a large % of the world’s population, so we should look for solutions within and beyond the crypto community.
We’ll have a blog post on the lending + crypto space on our blog shortly.
June 05, 2018, 07:04:31 PM
Introducing: LENDLEDGER the Future of Lending
Lenders in emerging markets struggle to make loans to small businesses and informal sector borrowers, because they typically have no credit history or traditional financial documentation. LendLedger solves this information gap using open APIs, Stellar blockchain technology, and the LOAN digital asset. The LendLedger network connects lenders with unleveraged digital data, and records all lending market transactions, introducing transparency, trust, and efficiency.
We envision a lending market that is inclusive and profitable for all participants.
We envision a lending market that is inclusive and profitable for all participants.
THE PROBLEM
The future of lending is in the informal sector, which accounts for as much as 90% of employment and 50% of enterprises in many countries. However, the lack of data on those Borrowers makes it difficult for Lenders to properly evaluate them. To enable the flow of the desired data and open up the lending market, a solution must address 3 primary issues:
Problem One
Lenders lack an affordable way to evaluate informal sector Borrowers.
Lenders that want to pursue informal sector loans are discouraged by expensive loan origination methods. Lenders need affordable and reliable alternatives to evaluate this untapped market of Borrowers.
Problem Two
Valuable user data exists, but is inaccessible for credit evaluation.
Lenders want the shop owner’s borrowing business, which would give both parties a profitable outcome. But without a reliable way for Lenders to evaluate unconventional financial data, the shop owner’s borrowing options are extremely limited.
Problem Three
Data-sharing partnerships between DPs and Lenders form slowly, one by one.
This method of sharing data will not scale globally. Although many Lenders and DPs understand the value of partnering, the current path there is too cumbersome to impact the lending market as a whole.
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THE OPPORTUNITY
LendLedger uses distributed ledger tech to create a trustless, open lending network. A blockchain is particularly well-suited to create trust between participants who don’t know each other. Anytime a smart contract is executed on the blockchain, information is recorded to the public blockchain ledger. There’s no central administrator and no gatekeeping. Any information logged to a blockchain is public and permanent, keeping all participants accountable.
Connecting Lenders to digital financial data will help bridge the multi-trillion lending gap between institutional lending capital and informal Borrowers. LendLedger brings together Borrowers, Data Providers (DPs), and Lenders in an open and secure global ecosystem built on blockchain technology.
LendLedger is changing the face of lending for unserved segments. Our software for data providers and lenders has processed tens of millions of dollars in loan requests for hundreds of thousands of borrowers and resulted in $7 Million in loans to informal and small business borrowers in 400 cities across India.
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Get in touch as LendLedger makes markets across the world inclusive
Website: http://lendledger.io/
Medium: https://medium.com/lendledger
Telegram: https://t.me/lendledger
Medium: https://medium.com/lendledger
Telegram: https://t.me/lendledger
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New Content:
Explainer video
We're excited to be reviewed by AltCoinDaily on their latest YouTube video.
ICO Alert Podcast #41 featuring LendLedger
Explainer video
We're excited to be reviewed by AltCoinDaily on their latest YouTube video.
ICO Alert Podcast #41 featuring LendLedger
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