It looks promissing, but how do you provide for every country also how can you re collect the loan from poor people? Here most people take loans from bank, but they end up in repayment due to the interest.
APPENDIX FOR HLCoin EARNINGS AND CREDITWORTHINESS ASSESSMENT
The borrower's smartphone is an effective tool for earning HLCoin and checking its creditworthiness. The client will consent to the processing of personal data when he will be installing our mobile application. We guarantee the confidentiality of our clients.
EARNINGS SYSTEM OF HLCOIN
The mobile application HOME LOANS that unites counterparties in one product will be able to motivate users to buy goods and services from partner companies (hereinafter referred to as the counterparty) through Cashback and a system of incentives in the form of HLCoin currency to which the borrower will repay the loan.
Our counterparties are offered the following system of relations:
-The counterparty is registered in the mobile application HOME LOANS thereby agreeing to the terms and conditions of the HOME LOANS system. In his personal account, he receives a certain number of HLCoin tokens which are only for the loyalty system and which will encourage borrowers to visit the organization's data to obtain HLCoin.
HLCoin, provided to the partners at the exchange rate HLCoin EPHLC (Exchange Price HLCoin - the exchange value of HLCoin) is equated to the already developed and working system of loyalty to their customers in the form of Cashback or various rewards that are returned to the client in the form of fiat money. HLCoin is paid to customers (borrowers) only when it visits a counterparty and pays for goods or services with traditional money and traditional money from counterparties through the loyalty system that is transferred to HOME LOANS. Thus, excluding the possibility of fraudulent actions on the part of the counterparty and the borrower by means of an agreement between them on the stable transfer of HLCoin to repay the loan without reinforcement by the loyalty system in the form of traditional money.
The value of EPHLC is determined by the value of the HLCoin exchange rate at the moment of implementation of the loyalty system.
HLCoin accrual can also occur if a user visits a counterparty that does not have a loyalty system to the customer but who is hosted in the HOME LOANS system as an advertisement for its product. The fact of the visit is recorded by the definition of geolocation and iBeacon sensors placed at the counterparties. The visit is limited to a time interval (1 visit at 48 hours).
In this system of relations with counterparties, a monthly fee is charged in traditional money for placing this organization in the mobile application HOME LOANS as an advertisement.
When a client visits this counterparty and this visit is recorded by determining geolocation and iBeacon sensors placed at the counterparties then the customer (borrower) receives HLCoin from HOME LOANS as an incentive. The number of HLCoin (Xhlc) in this case is defined as the number from the monthly advertising fee at the exchange rate of EPHLC at the time of the visit divided by 100-500 visits per month and until the monthly advertising fee (EPR) in traditional money will not be debited.
Xhlk = EПP/Yпм (at the moment EPHLC)
CONCLUSION: the counterparty receives customers, the client receive HLCoin tokens to repay the loan, and traditional money which is returned through the loyalty system from our partners and then went to the HOME LOANS account for HLCoin purchase on the exchange & return to the ecosystem of the HOME LOANS system.
GROWING DEMAND IN THE MARKET
Provides its own loan repayment system without resorting to traditional money.
We forecast strong demand for our international home loan platform HOME LOANS. We will create our platform using open-source-resources where applications with impersonal data will be freely available. Access to personal data only with the consent of the client for the transfer the personal data to the third parties.
HOME LOANS for local partners: global business scaling
We developed business development algorithms in new countries which are based on our work experience and extensive studies of markets and legal segments. We are going to launch an international franchise after launching the platform.
We will share with our franchisees all necessary market research, knowledge of risk management, know-how in the field of loan assessment.
What HOME LOANS will provide for franchisees:
● A reward for each new customer;
● A reward for each new counterparty;
● Deep research of the legal system and market in a particular country;
● A proven business model, financial projections, and cost estimates;
● Expertise and scenarios for customer service and debt collection;
● Various consulting services during business development.
