Kripton : Join the Future of Microfinance

Managing finances is not an easy task. Many times, especially when we have some big tasks or goals to complete, we find that we are short of money. That's when taking a loan comes into the picture.

Now, taking a loan is an extremely time consuming and a tedious task, especially for an Indian customer. The banks will do background checks ranging from salary, assets to credit score and what not! More often than not, a person with a low salary or with insufficient security deposits and assets, are denied a loan.

But that is absolutely unfair.

This is almost like companies judging a person based on looks without looking at his CV!

This is something that poses a serious problem, especially for the people in the early part of their career. This is why Kripton felt the need to enter the market and change the scenario once and for all.

What is Kripton?

Kripton is Africa's first crypto-loan services based on blockchain.

Thriving entrepreneurs and aspiring businessman can get a loan in a jiffy, without facing the hassles that normal people have to face while taking a loan from the current banking system.

Microloan is the most basic service that is offered by Kripton. Users can take a loan for anything that they wish to, without having to answer any question. Ranging from paying for education to opening a start-up, anyone can do this to complete the ambition of their life.

The L-Pesa Platform is the platform that offers financial technology services to consumers and businesses who are in dire need of some money to thrive, especially in regions like Asia and Africa, where the GDP is low and getting a loan is difficult.

And finally, the L-Pesa Token which can be used by users to access the financial services offered by Kripton at a much lower cost.

How does it work?

Let's take an example.

Suppose, Ram is the owner of a business in Kolkata in India.

He wishes to open a restaurant in an area where many offices are located in the vicinity. Many people will be coming and having lunch or snacks, and his business plan is bound to succeed.

However, he cannot proceed with his plans?

Why?

Because Ram comes from a lower middle-class family and his net worth is only around 5 lakhs whereas the loan amount he seeks for is around 10 lakhs.

Every bank was refusing him.
When he was about to give up, his software engineer friend suggested him to try out L-Pesa. He was shocked to know about the existence of a platform which gives out a loan without asking a single question about why he needs it and how he wishes to repay it.

Accordingly, he applies for a loan on the platform and gets the amount in a jiffy.

Ram successfully started his business and is now expanding to different corporate hubs of the city.
Had Kripton not been there, Ram would have still been a normal middle-class person.

This is how Kripton changes the lives of people by providing the right amount to the people in dire need of it at the right time.

About ICO

The LPK token is the utility token of the Kripton platform.

The total token supply is 2,600,000,000.

The ICO begins on April 10, 2018 and ends on May 10, 2018.

1 ETH contribution will entitle possession of 17,500 LPK tokens.

The hard cap of the project has been set at $52 million.

Verdict

Getting a loan in today's world, especially in the developing countries, is quite difficult. Many start-ups and businesses are suffering due to this, and many people are unable to start their own venture as well.

Kripton and its team understood the platform and has prepared a game-changing microfinance platform that will provide easy loans to everyone who needs it without asking any questions.

With its aid, many people can use the money for something that they always wanted to do.

In short, not only will Kripton help people but will also help the country as a whole by significantly contributing to its GDP in an indirect manner. Kripton is a revolution in the world of microfinance!

Website: https://kriptonofafrica.com/
Whitepaper: https://kriptonofafrica.com/static/pdfs/L-Pesa%20ICO%20white%20paper%202018.pdf

Blog by ollivander7
BTT Profile: https://bitcointalk.org/index.php?action=profile;u=1069616