LendLedger
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Lendledger 06 Jun 2018 00:04

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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.









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


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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


































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Information

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.

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