<center>https://s27.postimg.org/h7b79px5v/logo.png</center>

<center>**During my time working with Bitshares I was lucky enough to know one of their witnesses “elmato”, this guy is using bitshares technology to implement real life solutions to our society’s problems, I believe his latest project proves just that.**</center>
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[MonedaPAR]( http://www.monedapar.com/) is a non-profit based in Argenetina that allows the exchange of goods and services through mutual loans that have 0% interest. 

The central idea is the creation of an eco-system that gives the members of Moneda.PAR the opportunity to finance each other so that they can then acquire their products and services. In this way both individuals and small companies can grow their businesses without having to resort to a bank or a private financier.

The loans are given in MONEDA.PAR ($PAR), a currency used in the MERCADO.PAR to buy products and hire services.

$PAR uses the Bitshares platform, so all deposits, balances and transfers are public and accessible and can be seen on [Cryptofresh](https://www.cryptofresh.com/a/MONEDAPAR).

## Mutual Loans

The members of the community can apply for a certain amount of “interest-free credit”. Such credit can be used to acquire goods and services from other people and small entrepreneurs that make up the system. The amount of the credit is determined by the same members of the association, in this sense the users themselves are granted credits to be able to trade with each other.

## The market

The exchange of goods and services between the members is carried out on [MERCADO.PAR]( http://mercado.monedapar.com), a digital bazaar where you can buy and sell products and services using the currency $PAR.
Any person or company can sale goods and services on the website of MERCADO.PAR with the only condition of accepting $PAR as a means of payment.

## How can MonedaPAR help emerging economies?

This question can best be answered by looking at a practical example:

•	Pedro is a bricklayer from Buenos Aires, to continue offering his services Pedro requires a small credit to replace some of his tools. 
•	Pedro has tried to apply for traditional loans from banks and financial institutions, but he has encountered two problems: 1.- he does not have enough income to get the loan approved and 2.- Even if his loan gets approved, interest rates are very high and payment deadlines very short.
•	Pedro has seen in the MERCADO.PAR a member named Juan who offers the tools he needs.
•	Pedro decides to apply for a loan to MONEDA.PAR and he buys the tools from Juan.
•	Pedro now has the tools he needs to continue working and he offers his services in the MERCADO.PAR to pay his credit with the community.
•	In the same way, Juan now has $PAR coins, so he can hire Pedro's services or buy any other product in the market. 

## This is how a person who does not have access to credit today can benefit from MonedaPAR and at the same time contribute to the growth of the community.

# Conclusion

You are probably wondering why you have not heard of MercadoPAR before? – well that’s because the system is not aimed for the usual crypto users like us, it is meant to benefit the every-day person. 

MonedaPAR is alive and working today, with no ICO, no premine and no hype. I seriously have to congratulate the guys behind this initiative as they continue to surprise me with their skills. 

I already called them to let them know I will do whatever is in my means to help them get the funding they need to continue the development of the platform; I will also donate any earnings from this post to their cause. 

[MonedaPAR.com]( http://www.monedapar.com)