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355 Million Banked People Need Flexible Alternatives AssetStream.co
John has a small business venture; he sells fruits and vegetables from a distant village farm, 70 KM from the town where his target market is. After ten years of industrious work, he quitted his job and decided to dedicate his time to his venture. Join Microfinance Revolution AssetStream.co
The biggest challenge John has is transporting his product to the market as John hasn’t saved enough to buy such a truck. So he thought it’s a good idea to secure a bank loan. Join Microfinance Revolution AssetStream.co
In the Face of an Imminent Rejection Like many other traditional banking institutions, John’s bank goes through its borrowers' bank records and uses past data for credit rating. Loan limits start low and only after years of saving and sound credit history can John get a loan enough to buy a truck. Join Microfinance Revolution AssetStream.co
He is told that he does not qualify for any loan at the moment but should he register his venture and start depositing all proceeds into his account, then he could be eligible for the bank loans in 2 to 3 years. Join Microfinance Revolution AssetStream.co
Losing hope John has decided to continue using hired transportation hoping to meet requirements. Bank credit lines have dried up recently because most SMEs have a low customer base. Upgraded lending guidelines have locked out many borrowers such as himself. Join Microfinance Revolution AssetStream.co
Looking for alternatives Through the AssetStream platform can automatically match borrowers with specific lenders on the platform. Alternatively, lenders themselves sift through the available loans and decide who to loan to. On this platform, several lenders pool their funds to finance a single loan. John and many others like him will have a fantastic opportunity to join AssetStream's friendly environment for lenders and borrowers. Join Microfinance Revolution AssetStream.co
1.7 Billion Adults Globally Need P2P Microfinancing 1AST = 0.01 USD Token Sale Starts May 27th Powered by Stellar High Yields With Controllable Risk On the Blockchain Join Now AssetStream.co