Kripton - Microloan and Finance Platform
Website: https://kriptonofafrica.com/ L-Pesa is not a charity. L-Pesa is purely a business. Being a business gives us certain freedoms that charities don't have. As a business we have to provide a return. In facilitating microfinance, we have to be extremely efficient; the cost of doing a $1000 loan is the same as $100, and due to operational costs, banks and financial institutions are limited in how low they can go. Blockchain brings transparency and efficiency, and it drastically reduces the operational costs, making the small lending viable. Tokens are efficient transactionally over fiat, so they are more appealing to the L-Pesa target market, and they also assist in building a community and creating a network effect. We have been doing it with fiat as an existing operation; blockchain will allow us to expand our reach and lower our costs. Bank financing costs don't allow us to reach the people at the bottom who need it the most. Expanding operation by virtue o...