PNGME - A reliable funding and mobile banking platform.
Blockchain technology is one of the trending technology in the world today. It has go a long way in revolutionizing the world to a great extent.
The blockchain technology has seen a massive adoption in different sector and industries today due to it unique benefit. And every sector which has adopted it has seen an improve efficiency, transparency, scalability and security of it operations. The blockchain technology also guarantees decentralization of information.
The blockchain technology helped in the creation of crypto-currency which has catapulted the financial and economic sector of the world to a great level.
Lending means to give something (money) to someone who agrees to pay it back in the future. Lending which is very beneficial has been going on for centuries. In the past people borrow money from others and give their properties such as farmland, farm tools, houses and even yams as collateral.
Lending still goes in our world today however, today it is done in large scale by big organizations and there are legal agreement backing such transaction. Reasons for borrowing includes; need to start a business, to expand an already existing business, to pay fees, to procure product or equipment etc.
Today the is great need of capital by the MSMEs(micro, small and medium sized enterprises). More than 200 million MSMEs around the world do not have access to capital to develop their business. This has greatly affected the world at large as a the MSMEs if provided with the needed capital will help better the world and improve our standard of living.
Financial organization such as the bank has been providing this capital for sometime now, but the reliability on the bank to provide an an efficient funding system is greatly reduced due to some flaws in the banking system. This flaws include lack of trust between the MSMEs and bank, inadequate funds to provide the capital as some banks depends on the savings of their customers which is not enough to provide the capital, inconvenient lending terms etc.
Due to this flaws in the banks the MSMEs turn to marketplace lending platforms to provide them with the needed capital. Marketplace lending platform are non-bank financial institution that brings lenders and borrowers together, In marketplace lending platfrorm, proprietor of the platforms match ready lenders and borrowers and act as an intermediary between them. They charge a fee for their intermediary action for runing of the platform.
The issue with marketplace lending platforms is that their attention has been swayed away from the MSMEs towards big business and investors.
To provide and efficient and reliable funding system suitable for the MSMEs. I want to introduce you to PNGME.
What is PNGME?
PNGME is a digital lending platform which focuses on unlocking funds(capital) for all 200 million MSMEs around the globe. Pngme will bring the lenders and borrowers closer. It aim to achieve this by utilizing the blockchain technology in operations.
Pngme will provide MSMEs with comfortable lending terms and security of funds providing by lenders.
An Overview Of The Benefit Provided By PNGME
PNGME employs the blockchain technology to provide a transparent and secured means of giving out funds through the creation of smart contract. The smart contract allows for effective collateralization of funds thus ensuring security of the funds.
The use of liquid digital asset is acceptable as a collateral on the pngme lending platform. Also PNGME provide a lending term suitable for both lenders and borrowers.
Pngme makes of a more advanced matching algorithm to match ready lenders and borrowers together thus ensuring available of funds for all borrowers.
Pngme provides the borrowers with digital bond API which is very unique tool that is used to finance the fund needed by the borrowers and also to digitally credit score the borrowers. These bonds are sold in the Pngme platform to bondholders.
Pngme had created a mobile app which will be used for seamless banking operations and easy access of funds.
The mobile app would help provide low cost of loan origination for the MFI and mobile money networks and pass this on as savings to their customers.
Through the use of the mobile app for banking operations such as savings, transfer and payment, a digital credit score is created. This digital credit score of users are used in risks assessment in the pngme marketplace thus providing both lenders and borrowers with adequate information for making the right decision.
All transaction done on pngme marketplace are stored on the blockchain which ensures transparency and privacy of transaction details on pngme.
The PNG Coin
The pngcoin is the recognized currency for use on the pngme lending platform. It is an ethereum ERC-20 token that is used for marketing and transaction purposes on the platform.
The pngcoin is used for running of the platform and it operations.
The token could be earned on successful sign up on the pngme mobile app, referring friends and saving on the mobile app or purchased directly from the platform.
CONCLUSION
Pngme truly has the potential to bring about a great change in the MSMEs sector. Through it use of the sophisticated blockchain technology this goal is achievable.
Pngme will surely put a smile on the 200 million MSMEs seeking funds and entrepreneurs seeking to established their business. Thus helping move the world to a better level.
For more information about PNGME visit our:
Website — 
Telegram group — https://t.me/pngmecommunity. Twitter account — https://twitter.com/pngmemobile
Facebook page — https://www.facebook.com/pngme
Bitcointalk ANN thread — https://bitcointalk.org/index.php?topic=5140127
Bitcointalk profile name; Assam Kingsley
Bitcointalk profile link - https://t.me/assamKingsley
https://bitcointalk.org/index.php?action=profile;u=2676658