PNGME MAKES LENDING POSSIBLE ON THE BLOCKCHAIN TECHNOLOGY

in #pngme5 years ago

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As a business owner or an individual that intends starting a business anytime soon, when was the last time you accessed external funds? What response did you get from the bank after you applied for loans? In most cases, business owners and startup founders tend to be turned down when seeking funds. That is because banks are either looking for Micro, Small, and Medium Enterprises (MSMEs) that are willing to pay the substantial interest rates or those that conform to their other inordinate demands. Private investors, on the other hand, are skeptical about funding startups because of the assumption that these emerging markets would not pay back in good time.
Despite the fact that the odds are against the MSMEs/startups all these while, the Pngme decentralized and alternative lending platform is here to bolster the chances of these markets. From the feelers of the project, it aims at ushering in a decentralized and cost-effective medium of accessing funds. So, if you’re in the billion Dollar emerging market, now could be the perfect time to get more capital for funding your business.

**THE PARTICIPANTS""
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So, who are the people participating in the alternative and decentralized lending market created by Pngme? The primary beneficiaries are the borrowers, who are mostly the Micro, Small, and Medium Enterprises (MSMEs).
On the other hand, the lenders are there to offer unrestricted funds and cost-effective financial instruments to the members of the emerging markets that need them. More so, it’s worthy of note that the diversification of the market has made it possible for other emerging market members like Mobile Money Networks and MFIs to join the market. That way, it would be easier for them to gain more from the alternative lending that is exclusive to the Pngme platform.

FLEXIBLE LENDING RATES
Another impact the disruptive and decentralized financing model of the Pngme platform is the reduction of the interest rates accruable to the loans issued to the borrowers. Now, Pngme reduces the prices through the reverse dutch auctions, which involves lenders or other investors to acquire the loans from the borrowers. In such an instance, it becomes easier for the borrowers to get over the palpable fears of losing their collaterals in the event of not paying up the loans in a good time.

DETERMINATION OF RISK EXPOSURE
Risks are part of every business. Hence, every good investor that understands the niche he or she is investing in ought to master the same. Although risks might not be overlooked, specific measures can be taken to mitigate it.
The platform achieves that by empowering the investors to determine the level of risk, they’re exposed to. That is done by purchasing impact-focused digital bonds, as well as buying bonds. These investors, who are the Accredited Investors and the Quantitative Hedge Funds, do not only get to invest in an alternative asset class but also get to generate yields in the process.
Final Words
The global investment sector, especially the areas controlled by Micro, Small, and Medium Enterprises (MSMEs), is going to relish the varieties of lending options made possible on the Pngme platform. Hopefully, Pngme would get the required adoptions that would trigger the all-around extension of the services to the target audience.

USEFUL LINKS
Website: https://pngme.com/
Whitepaper: https://docsend.com/view/x4ts5tm
Telegram: https://t.me/pngmecommunity
Twitter: https://twitter.com/pngmemobile
Facebook profile: https://www.facebook.com/pngme

AUTHORS DETAILS
Bitcointalk username- arnoldrimmer
Bitcointalk profile link- https://bitcointalk.org/index.php?action=profile;u=31787;sa=summary