Here’s The Cryptocurrency To End Talking About Making A Difference… And Actually Make It

“Every accomplishment starts with a decision to try.”
–John F. Kennedy

No matter how good our ideas might be, if we don’t try them, they are worthless. For entrepreneurs like me, the need to try is preceded by a dream to build something; something of value that will answer a societal need.

For me, this dream took root while working with farmers in Cambodia. I couldn’t stop obsessing over the idea to expand credit to low income earners in developing countries.

After years of planning, brainstorming and studying the microfinance model, and assembling a team of heroes as committed to fighting poverty in developing countries as I was, I finally founded L-Pesa in January 2014. The dream began to blossom.

L-Pesa, headquartered in Delaware, is a micro-loans entity founded on the idea that by leveraging the increasing mobile phone penetration rates, expansion of big data, and available of mobile technology in developing markets, then we could easily reach a significant number of mobile users in need of instant micro-loans who had never before been eligible to get a loan. Whether these mobile users need personal, business, or group loans, all are available via mobile. A user who pays off loans in time and has a good credit history is able to access higher loans with a lower interest rate. This simple idea has already changed thousands of lives.

Like every entrepreneurial journey, there have been victories and upsets along the way. Today we are operating in two countries with a customer base of over 150,000 and growing. The dream continues to expand as we now plan to open branches in Uganda and India in the short term and expand across Africa and Asia in the long term.

There is no doubt that the demand for affordable loans

in the developing countries is huge.

According to a research study done by Rabobank, roughly 4 billion people living in developing countries and emerging economies do not have access to basic financial services such as credit, savings, and insurance. To reach this core group of people not only does a company require sound infrastructure, but also access to funds. It goes without saying that offering unsecured loans is a risky business venture that requires an appetite for risk but with the right strategy in place, losses can be minimized significantly and that risk can be overwhelmingly rewarding.

Since we launched, in Tanzania (2016) and Kenya (2017) we have issued over 25,000 unsecured loans. For both countries, the repayment rate has been over 90%. Here’s the heartbreaking part: the number of released loans could have been much higher if we had adequate funds to meet demand and enough staff to process loan applications for clients with no credit history. We could have significantly helped even more lives. The bottom line is that just as our customers need a boost, we need a boost too simply in order to reach them.

Do you want to help?

Here’s your cue.

And here is your scene partner: L-Pesa’s ICO.

Now we’re back to the noble task of trying. We’re trying to raise $25 million with an ICO. We believe ICOs are the future for startups because they’re refreshingly inclusive and offer total transparency. What more could you want? Better still, our clients will get the chance to own part of the company and hopefully one day partake in profits generated.

We’re confident that our token, The L-Pesa Coin, will gain widespread acceptance because it is the only cryptocurrency simultaneously fulfilling such a pervasive and weight world issue. In fact, we’ve already dubbed it as the “Bitcoin of Africa.” We don’t need a crystal ball to envision a time when the L-Pesa Coin will be choice African cryptocurrency from Capetown to Cairo.

We daydream about a world where the L-Pesa Coin
will not only be used as a means of exchange,
but also provide the first African crypto peer-to-peer lending platform.

Talk about changing the world? This could be your avenue to stop talking and start doing. Our ICO is proceeding as smoothly and openly as possible — and our superhero team is committed to delivering the best possible outcome for the business, our investors, and the developing countries so desperately in need.

To take part and learn more about the ICO, please visit: http://ico.l-pesa.com/

If you missed out on Bitcoin, here’s your chance to get on board with the Bitcoin of Africa — and truly, deeply change lives in doing so. Together, let us light the way towards Africa’s bright future. We know that’s inevitable. Why? Because not only are we trying, we’re trying what’s never been done before and also needs to happen. The problem is too big and our solution too suitable to fail.

Help us redefine the credit lending landscape in Africa.

We invite you to try with us.

Ron Tuval, Founder & Managing Director, L-pesa Group.