Why Microfinance has become a Buzzword of the Decade

1. A Guide for the Unbanked When Applying for a Loan AssetStream.co The growing population of unbanked is harming the economy, themselves and others when they maintain the tradition o f saving money under the mattresses, borrowing from unlicensed lenders and losing assets in between fees and time. Banks reject loans without a credit history The dangers of borrowing money from unofficial lenders are displayed in Neil's encounter with a loan shark. Neil didn't get funding from official sources, so he approached a potentially risky lender. He came across a loan shark who acted on his emotions (he had recently lost a father and left alone with an ill mother to take care of). He ended up paying a massive amount due to an exorbitant interest rate. He eventually went broke and was threatened with bodily harm for inability to further amortize the loan. How can we change this? Most issues had been solved by implementing innovative technology in an outdated industry. Today this technology is blockchain - a decentralized digital ledger that's disrupting traditional error-filled methods in business operations. By utilizing stellar blockchain, AssetStream can make transactions faster and cheaper compared to other microfinancing platforms. For this particular issue, familiarize yourself with a blockchain-based microfinancing platform - AssetStream. By creating a space for lenders and borrowers to connect them in a direct relationship, this platform is helping them in obtaining loans from licensed lenders and trustworthy agencies. Take careful steps Define your needs . Define the reasons for the loan. 4 1 Get professional help . If it is your first time applying for a loan, you may want to get some professional help. 3 2 Draw a business plan. It should have all the information that a lender needs to arrive at a lending decision. Get documents in order. Have everything ready and at hand. AssetStream customer support is more of educating the customers about the concept. How to borrow on AssetStream Go to the website. Register a new account. Verify your email and upload the necessary documents. 1 2 Send a request for a loan to the AssetStream platform 4 3 Find a local agency to participate in the loan. Gather enough community votes. 6 5 Once in the fundraising phase, find enough lenders to fund your project. Your loan will be processed if you reach a soft cap before the starting date of the project. End unbanked status with AssetStream Keep your dignity and peace of mind. You can end your unbanked or underbanked status with innovative platforms that secure the future in through blockchain technology Click here to go to AssetStream platform and end your issues with the current financial system. 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