LendLedger

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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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What is LendLedger?

LendLedger is a decentralized network for lending in fiat currency, powered by blockchain. It connects parties in lending markets directly, without an intermediary or administrator.

Through LendLedger's open network, a Lender - Lender - Lenders originate loans using credit data made available by Data Providers. Lenders sign loan contracts with Borrowers and disburse loans to them. can connect to data on prospective Borrowers - Borrowers - Borrowers acquire their personal or business credit data from Data Providers. Identify loan offers from Lenders and apply for and receive loans. and make loans. A Data Provider - Data Provider - Data Providers provide credit data they accumulate on households and businesses to Lenders and Borrowers. can monetize data and unlock financing for business partners or customers. And service providers such as an Identity Verifier - Identity Verifier - Identity Verifiers contract with Lenders to provide verification of Borrowers’ KYC data. or Credit Evaluator - Credit Evaluator - Credit Evaluators provide loan decision recommendations based on loan applications shared by Lenders. can do business with Lenders.

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 us to learn more or to kickstart a partnership in a different market.

This screenshot shows business data being offered by Data Providers -- such as payment networks, distributors, and e-commerce platforms -- to Lenders. The Data Providers referenced already use LendLedger process APIs to connect to a Lender in India, Happy Loans.

Lender view of indicative data provider offerings

Lender view of indicative data provider offerings

Benefits to users

Here's why these participants are joining the LendLedger network.

Market actor
Main benefits

Lender

Originate more loans
Improve credit decisions
Reduce lending costs

Data Provider

Higher returns on data
Single integration to lenders
Ethical monetization process

Borrower

Greater access to credit
Lower cost of borrowing
Control over credit data

Service providers
(i.e. Credit Evaluator, Identity Verifier etc.)

Direct access to lender clients
Pricing power from public reputation

How it works

The LendLedger decentralized network operates through the following five components:

Open APIs
Open APIs are the "pipes" through which Lenders, Borrowers, Data Providers and all other participants in the network share data and transact. Learn more

Decentralized Ledger
To create trust among all parties, LendLedger stores lending transactions on the Stellar decentralized ledger instead of a database owned by an intermediary. Learn more

LOANtokens
LOANtokens - LOANtokens - LOANtokens are LendLedger’s digital asset. When staked by a Credit Node, they release LedgerCredit. , when escrowed in a special smart contract, release 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. , the internal, on-chain accounting unit used to record all transactions. Learn more

Credit Nodes
Credit Nodes are entities that specialize in creating 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. by escrowing LOANtokens - LOANtokens - LOANtokens are LendLedger’s digital asset. When staked by a Credit Node, they release LedgerCredit. . They alone bear all risk related to token price volatility. Learn more

L-Cloud
LendLedger is being launched along with the L-Cloud web-based software, to help Lenders and others easily connect to and begin using the network. Learn more

Impact

For billions of people and enterprises, local lending markets are inefficient and under-developed. Often, this is because Lenders, Borrowers, data sources, and other service providers are not well connected -- they cannot easily find each other, exchange information and transact freely. Centralized intermediaries can help, but add inefficiency and restrict who can join.

This video explains how connecting Lenders with untapped data sources through an open network can help solve the global, multi-trillion dollar credit deficit that small businesses face.

Further reading

Read the LendLedger


Learn more

Learn how financial institutions and others can take advantage of LendLedger's open, decentralized network.

Ways to participate