LendLedger
About LendLedger
LendLedger brings together Borrowers, Lenders, and Data Providers in an open and decentralized network built on blockchain technology. Our mission is to solve the $8 trillion funding gap that over 200 million small businesses face globally as they struggle to demonstrate traditional credit histories. As the only blockchain-powered network that enables borrowers and financial institutions to transact in their local currency, we’re building a lending market that is inclusive, trustworthy, and profitable for all participants. Our software is already powering loans at a rate of $30 million per year in 400 cities across India and through blockchain we're scaling globally.
LendLedger will help small businesses and informal Borrowers secure affordable credit from financial institutions. Its open standards and trusted shared ledger will increase data sharing, market interactions, and lending volumes. LendLedger enables a more efficient, affordable, and inclusive lending market
Technical Info
LOANtokens are LendLedger’s digital asset. Credit Nodes (described in our Technical Paper) stake LOANtokens to issue the fiat-pegged LedgerCredit used by Lenders, Borrowers, and other Participants to transact on the network (make loans and recieve repayments). LedgerCredit is the protocol’s internal accounting unit. It is denominated in terms of government-issued (fiat) currency and acts as an IOU on the part of the issuer.
LendLedger Roadmap
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Onboard Indian Lending Business
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LendLedger's Indian lending business Happy Loans is currently disbursing loans at a run rate of $30million annually. By the end of the year we hope to have this entire lending business onboarded onto the LendLedger platform.
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Expand into other markets - Q1 2019
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LendLedger will expand into other emerging markets in Q1 of 2019. Kenya being one prevalent target due to the experience of our Community Experts and Advisors.
Activity
LendLedger Team
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Advisors
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Former members
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