how blockchain change lending

People are borrowing money for various reasons, some of the reason is borrowing to expand a business or emergency money for hospital bills or vehicle repairs. Most often people will go to loan sharks to borrow money even the interest is high because there is no other organization or institution that will give a loan. Even there is an option to borrow money for an institution with lower interest more people still prefer to take the loan from loan shark due institutions have too many requirements and lenders do not have an easy and cheap way to audit individual who can pay. People who do not use banks are often limited access to lending because of lack of information or data, even they are capable of paying the borrowed money. The lending institution has a high cost of operating expenses just to audit or evaluate people who can pay. Big banks and institutions lose potential profit from borrowers for large population due to strict requirements they asking from the borrowers.

Knowing the problems with the current lending market I found an ICO that might change that. Introducing Lendledger a decentralized way of borrowing and lending. LendLedger will help lenders to evaluate borrowers by some software or mobile application they use swipe. Using the data like sale history, payment history from the software or mobile application LendLedger can sort and evaluate potential borrowers who are eligible to borrow. The data is stored and can be seen by borrowers and can be sent lenders by the borrowers. Using apps that they use for paying goods and services is an accurate way to determine the client’s financial capability of a person.

Lendledger will be powered by Stellar blockchain a platform commonly used by fintech, known for its fast transaction and cheap cost.
Benefits in society in summary:

1. if they join the platform LendLedger allows lending institution or bank for a wider range of clients
2. LendLedger gives an opportunity for individuals
3. for token holders borrowing money is a "necessity" for some people expect the value will go up as more users known LendLedger
   Token details:
   Total token: 1,000,000,000
   Token name: Loan token
   Token price: 0.05 USD

for more information:
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Author:
gawer33
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my Stellar address:GDAGZOKES2V3CA2GZDT34CDZIV4SDZYQPRTE4UNUWFNIDZXW27XJVZYJ