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LendLedger is an open, decentralized network connecting Lenders with Data Providers and Borrowers. It expands access to credit and makes lending more efficient.

LendLedger is working with partners and prospective users to source data and connect lenders in India, Indonesia, Kenya, Myanmar, Nigeria, the Philippines, Singapore, the US, and Vietnam. Contact LendLedger to learn more or to kickstart a partnership in a different market.

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Who can join

Any company, individual, non-profit or other entity can join the network and perform one or more of the roles described below.


The Borrowers - Borrowers - Borrowers acquire their personal or business credit data from Data Providers. Identify loan offers from Lenders and apply for and receive loans. who use LendLedger are initially envisioned to be small businesses and individuals globally who suffer from a lack of financing and the challenges associated with borrowing from informal sources. Given the dominance of small businesses in national economies across the world, these constraints on credit exert downward pressure on the local and global economy.

Over time, as an open and community-driven network, LendLedger will be used for many different types of lending and by a much wider range of Borrower profiles.

Borrowers are not expected to know or to directly connect with LendLedger in its earliest phases. They will benefit from connections among Lenders - Lenders - Lenders originate loans using credit data made available by Data Providers. Lenders sign loan contracts with Borrowers and disburse loans to them and the Data Providers - Data Providers - Data Providers provide credit data they accumulate on households and businesses to Lenders and Borrowers. who can share credit data about them: either a Lender or Data Provider will initiate the engagement with Borrowers.


Lenders originate loans, often using credit data made available by Data Providers (with the consent of Borrowers). Lenders sign loan contracts with Borrowers and disburse loans to them.


Like digital lenders, banks will find LendLedger an attractive source of data and services to expand and optimize digital lending operations. However, they may also find LendLedger’s adaptive, open source structure a powerful way to build solutions for wider credit operations including invoice discounting, supplier finance, and other applications.

Digital lenders

A digital lender - digital lender - A financial institution, fintech startup, or lending platform that makes loans without a physical location, such as a branch. generally relies on information collected digitally from the consumer or from third-parties, to identify, assess and lend to borrowers. With LendLedger, a digital lender can gain access to new data sources, automate lending processes, and streamline monitoring and collections.


Most microfinance institutions or MFIs use physical origination channels such as branches and loan officers to identify, assess, monitor and transact with Borrowers. But increasingly, MFIs recognize that many of their Borrowers prefer digital channels. MFIs can use LendLedger to test out digital methods of origination, borrower appraisal, collections and monitoring. MFIs may also want to try monetizing the data they have built up on their clients over years, after receiving appropriate consent.

Contact LendLedger to express interest in joining the network as a Lender.

Data Providers

Data Providers gather and maintain sales, demographic and other data on prospective Borrowers, often in the normal course of their business. At the request of Borrowers, Data Providers may share this data with Lenders and collect a fee for doing so.

LendLedger has begun gathering data from agricultural suppliers, distributors, e-commerce platforms, educational bodies, loyalty programs, and payment networks across markets including India, Indonesia, Kenya, Myanmar, Nigeria, the Philippines, Singapore, the US, and Vietnam. Contact LendLedger to find out how to join the network and monetize your data as a Data Provider.

Agricultural suppliers

Agricultural suppliers often run large-scale networks distributing seed, fertilizer and other agricultural inputs, through a multi-layered distribution chain. With LendLedger, these suppliers can offer data to Lenders, monetize that data and unlock valuable credit for their customers and partners.

Credit bureaus

Credit bureaus such as Equifax and TransUnion aggregate and analyse data to determine a credit score for an individual. They can monetize their assessments of Borrowers via the LendLedger network, supplying it to Lenders who can use it to determine viability for a loan.

Data aggregators

Data aggregators tap into a wide range of data sources on businesses and individuals. These aggregators can not only use LendLedger as another channel to monetize these collections, but can also serve as an important link for offline data sources to connect to the LendLedger network.


FMCG - FMCG - Fast-moving consumer goods distributors wholesale widely used consumer brands such as Coca-Cola, Unilever and others to networks of retail chains and small merchants. LendLedger helps these and other distribution networks monetize sales and transaction data at local retailers, and expand access to credit for their customers and partners.

E-commerce platforms

E-commerce platforms such as Amazon and Flipkart are where millions of online sellers do business. LendLedger allows e-commerce platforms to share sales and transaction data on these sellers with Lenders, unlocking large volumes of capital for them to grow their businesses.

Educational bodies

Organizations such as training institutes, vocational schools and even higher education institutions gather data on performance and post-graduation placements. Alternative Lenders are beginning to analyze this data (with proper consent) to assess creditworthiness.


Employers are often the first place individuals go to borrow money, particularly in emerging markets. Instead, LendLedger allows employers to share relevant employee data with multiple Lenders, freeing up their capital whilst still getting employees much-needed credit.

Funding platforms

Crowdfunding, peer-to-peer lending, and fundraising platforms such as Crowdfunder can expand access to capital sources and grow funding volumes by sharing data through LendLedger. The network also lets them monetize data collected during the course of the project, such as capital raised and fulfillment of project commitments.

Loyalty programs

Loyalty programs demonstrate a customer’s consistency and a retailer or brand's ability to retain users. The data that Lenders can draw from loyalty programs can therefore be useful for both consumer and business credit decisions.

Payment networks

These include online payment gateways, Point-of-Sale (PoS) acquiring networks, and money transfer companies, among others. LendLedger allows these networks to monetize sales and transaction data for tens of millions of merchants, agents and sellers that use these networks.

Service providers

Credit evaluators

These are companies and individuals specialized in data analytics and artificial intelligence who can provide loan decision recommendations based on loan applications shared by Lenders.

Identity verifiers

These are entities to whom Lenders frequently outsource the verification of personal and business identities and documentation.

Loan servicers

Loan servicers collect loan repayments from Borrowers on behalf of Lenders, and may also specialize in collections and delinquency management.

Contact LendLedger to express interest in joining the network as a Service Provider.

Credit Nodes

Credit Nodes - Credit Nodes - Entities that specialize in creating LedgerCredits, by staking LOANtokens. are a new type of entity that will play three roles within the LendLedger Protocol.

  1. They stake LOANtokens to issue the fiat-pegged LedgerCredit used by Lenders, Borrowers, and other Participants to transact on the network.

  2. They redeem LedgerCredits - LedgerCredits - LedgerCredit is the protocol’s internal accounting unit. It is denominated in terms of government-issued (fiat) currency and acts as an IOU on the part of the issuer. for fiat currency.

  3. They ensure that Lenders have a license to lend under local regulation.

The LendLedger team is in contact with a range of organizations about playing the role of Credit Nodes. These include lending institutions, financial inclusion organizations, Fintech companies, and others.

We are also still in the process of developing the application process and the selection criteria, based on existing best practices developed by other decentralized projects, such as Factom, EOS and others. It will be important that Credit Nodes have substantial operations and real world reputations at stake, in order to ensure trust and proper alignment of incentives.

Read more about Credit Nodes here.

Contact LendLedger to express interest in joining the network as a Credit Node.


Product innovators

A wide range of financial products are likely to become lower-cost and more reliable, when operated through decentralized mechanisms rather than administered by an intermediary or manager. Examples include group-based financial products like rotating savings and credit associations (ROSCAs) and peer-lending models. LendLedger's neutral store of reputations on the Stellar decentralized ledger can help enable experiments with decentralizing these products.

Software vendors

Vendors that provide loan origination or loan management software to Lenders can integrate their systems with LendLedger using its open APIs. This will allow the vendor's clients to connect to Data Providers, Service Providers and others on the network.


  1. Some entities will take on multiple roles. A merchant Point-of-Sale network may be a Data Provider - Data Provider - Data Providers provide credit data they accumulate on households and businesses to Lenders and Borrowers. , provide verified KYC details in the role of an Identity Verifier - Identity Verifier - Identity Verifiers contract with Lenders to provide verification of Borrowers’ KYC data. , and collect repayments on behalf of the Lender - Lender - Lenders originate loans using credit data made available by Data Providers. Lenders sign loan contracts with Borrowers and disburse loans to them. as a Loan Servicer - Loan Servicer - Loan Servicers collect loan repayments from Borrowers on behalf of Lenders. .

  2. As the ecosystem grows, new roles are likely to emerge. Loan Originators may help identify prospective Borrowers, and Marketers may specialize in crafting messages to potential Borrowers.