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We used to know money in term of hard paper thing in our wallet or a nominal in our bank account, now we begin to know a digital currency worth like money does, and I bet it will get more popular and precious in the future. This currency called cryptocurrency or some of us know is as token. Token has been everywhere on internet and begin to come slowly into our lives. One of it has become a currency for mobile and digital loan.

## What is L-Pesa?

https://www.youtube.com/watch?v=NpPM2aTxq4U&feature=youtu.be

The bank loan is something that not everyone can get. Usually when we want to make a bank loan we need to go through long application process. It will take maybe days or weeks, and not all applicants are suitable/qualified enough for the Bank to make the loan. With high rate of interest, usually poor people are hard to get the loan. [L-Pesa](https://kriptonofafrica.com/) is a financial technology startup with blockcahin based, smart contracts across the internet so the people can take loans to expand their business and be a good and successful entrepreneur.

L-Pesa focusing in developing country not only to give a low class an easy way to get loans but developing country also become the best market for L-Pesa to expanding the company. Different from Muhammad Yunus’s Grameen Bank which more focused in charity, L-Pesa is a pure business so the investor and user both get advantages and profit from it.

Different from traditional bank which need your attendance when taking loans, L-Pesa doesn’t need that. All transaction and service can be done from your mobile phone.

## How does it work?

Pretty simple actually, you can begin it with registered as a user in the platform, and then you can upload your document like identification or passport. The [L-Pesa](https://kriptonofafrica.com/) staff will do the verification which usually done automatically. Then you can submit an initial loan application and you can get a payment plan and are expected to make a regular payment on the loan.

Usually, your first loan in L-Pesa is just in a small amount and if you can pay it regularly and be a good borrower then you can get a bigger loan. It keeps going until you get a loan in big amount. It depends on you, if you make a repayment as expected then you will be rewarded with an opportunity to borrow even more money.

## The L-Pesa ICO

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ICO (initial Coin Offering) is just like IPO (Initial Public Offering), it means you can invest in this company. L-Pesa gives all service and transaction in cryptocurrency/token. The token called LPK, it’s using standard ERC20 (Ethereum). The company set there will be 2.600.000.000 total token available. The token distribution will be 58% for pre sale and public sale, 25% for founding team and advisors, 1% for bounties and 16% for reserves airdrop. The pre sale begins on March 18th, 2018 and the public sale begins in April 10th 2018.

This L-Pesa company is not only a plan but already exist and operating in few country and will expand its market in Africa and Asia. So, you can trust this company and make your investment there.  

### More info:

* [Website](https://kriptonofafrica.com/)
* [Blog](https://medium.com/@lpesaico)
* [Whitepaper](https://kriptonofafrica.com/static/pdfs/L-Pesa%20ICO%20white%20paper%202018.pdf)
* [Facebook](https://www.facebook.com/lpesaico)
* [Twitter](https://twitter.com/lpesaico)
* [Telegram](https://t.me/LpesaICO)

### Writer:

* Username Bitcointalk: [135cc](https://bitcointalk.org/index.php?action=profile;u=1120500)