ETH THE SOLUTION TO THE LENDING PROBLEM?

Creativity and willingness to innovate are initiatives that should obtain the greatest amount of support in the financial field. This in order to have the economic resources to realize the idea they have in mind.

However, getting the funds to achieve this is a titanic task, especially when we have to take into consideration the bank corporation’s conditions to analyze and approve this kind of paperwork. It’s important to mention that, obtaining the funds could be achieved thanks to a lend form another person, without the intervention of a bank entity.

It’s common knowledge that in a lending process should exist two parts, the one who gives and the one who takes the funds. The one who “gives” could be a person or a bank, a company, an association, but it’s implicit in the operation nature that the funds will be lent for a limited time and the receiver will pay a percentage for using the funds. It’s usual in this kind of operations that the borrower must deliver or give information about the goods that guarantee the loan, that is, he must have in assets an amount that supports the next loan to receive, since, in case of nonpayment, the lender will take possession of the good or goods delivered as the endorsement.

Generally, the fact that the loan will be granted to a person instead of to a company generates an increase in the interests as it implies a greater risk for the lender. This is an ongoing situation since the beginning of our world, but innovation, wit, and technology have come with an awesome solution: ETHLEND, this is a platform created to offer an environment very similar to what's supposed to look a lending market, but the guarantees and values are crypto assets, that's something that breaks several paradigms established so far.

First, cryptocurrencies are assets that not everyone sees with good eyes, due to their own "mysterious" nature.

Second, if obtaining a loan in fiat currencies wasn't easy, obtain one based on crypto was something harder in every way.

Third, do the whole loan process from home in no time it's one of the better characteristics of the project, just a few minutes of your day and you'll get your funds right away.

Also, as a blockchain project, ETHLEND has a variety of features, for example, loans through ETHLEND are completely transparent, thanks to the fact that it works on the Ethereum blockchain, there's no chance to change the information that both parts have put in. On the contrary, anyone can check the information on the layer deployed at any time they want, the information remains the same, always.

Transparency and trust go hand in hand and both are inherent characteristics in any transaction made in any blockchain, ETHLEND isn’t an exception to this rule, in fact, thanks to these characteristics the proposal made by this project will be more valid as it increases the quantity of people who know this interesting alternative. It’s important as well, to look after the impact that this kind of alternatives could have on the market, for example, due to the fact that in ETHLEND people would take a loan with a better settlement than one for the same amount but from a bank, this will impact in many ways the economy market.

In the website, the Marketplace where all the action is made looks like the following image:

For example, for people from Venezuela, where the rate interest for a loan is almost 30 % will be better to exchange their money into crypto and then opt for a loan through ETHLEND. It's a lot easier and in the case where they use the best opportunities the platform offers they even won't have to pay any fees for the service. So, the market opportunity to grow for this platform is huge in many countries, especially from Latin America where the hyperinflation has made too much damage to the economy, that fact plus the low-interest rates and the possibilities to avoid the fees are one big point in favor.

Likewise, it offers the chance to non-banking people to access a loan in order to satisfy a need, for example, someone could take a loan to buy things, but others may put it in an entrepreneurship that hasn't been able to start up due to lack of liquidity, injecting liquidity into an economic system slowed down due to lack of economic support. Who knows, maybe using ETHLEND even a country's economy could recover, first only a few persons will get the loan, they employed others, comment on friends about how they get the funds, friends obtain a loan too, create companies, employ more people, employers opt for a loan too, more liquidity gets in the economy, economy improve and so on, many many times. Maybe I'm only dreaming but, doesn't it sound like something possible?

This is the vision that one gets, according to my first comprehension of this platform, they're trying to modify applying an economic globalization process that will influence in a positive way to many countries around the world.

If you want to know more about this project, please review the following links :

Website: https://ethlend.io

Twitter: https://twitter.com/ethlend1

Medium: https://medium.com/@ethlend1

Linkedin: https://www.linkedin.com/company/aaveaave/

Telegram: https://t.me/ETHLend

Github: https://github.com/ETHLend

Disclaimer: This does not serve as financial advice. Make sure you make a proper, personal and adequate research first before engaging and investing in any cryptocurrencies or any digital asset, and before making any financial decision of your own. This blog post was written due to entertainment and educative purposes only.