aLL PPL allows users to access crowd sourced loans in order to bridge temporary cash flow gaps. Users are given the option to arrange with potential lenders to repay peer loans through mobile money, in-kind services, or valuable goods. In order to foster transparency and sharing, ALL PPL uses block chain, smart contracts, social networks, data mining and algorithms to connect peers and empower through financial literacy.
peer to peer platform
Users can be matched using peer prediction models, machine learning algorithms, and data mining
Users can access capital through small loans and community
jobs in order to bridge temporary cash flow gaps
Between lenders and borrowers based on similar characteristics, geography, and shared social network
Powered by smart contracts, guaranteed accountability, and fairness. We provide opportunities for human behavior to translate into the financial process
Through physical or monetary collateral that empowers users to determine value of their asset, control cash flow, and verify transactions through blockchain. Transactions are guaranteed by users in your peer circle
CREATE A PROFILE
User identity based on new forms of data andredefined creditworthiness
Social Network peers verify trustworthiness of user and lending circle is established
Borrower requests loans based on their preferences
MATCH WITH LENDER
Borrower and Lender are matched based on profile compatibility
Borrower and Lender negotiate repayment date and accepted currency (money, service, object)
Timely payments are rewarded while defaults are circumvented through peer/lending circle
“My community and reputation are the most valuable things I have, not my house or car. Since I don’t have access to a bank, my neighbors lend me money or pay me for a small job because they trust me.“
PIlot User / December 2017
With professional experience spanning to the areas of programmatic development for institutional capacity building, M&A, and public private partnerships with multinational companies and international organizations, Ayna Verella is from Port-au-Prince, Haiti and is interested in financial innovation in developing countries. Currently Ayna is a Master in City Planning Candidate at MIT and has a Bachelor and Master degree in Economics and Management Sciences.
As a Master of City Planning candidate at MIT's Department of Urban Studies and Planning (DUSP) and a Bachelor in Urban Policy and Planning, Nneka has a background in design thinking, community engagement, and urban policy. Passionate about resource accessibility and financial empowerment, Nneka uses design and education to innovate ways for communities to increase their access and wealth through participatory tools.