MFI and crypto. How can we change this?

The peer-to-peer economy has revolutionized the way people do business, and the financial sector has seen some impressive advancements leveraging P2P applications. One of the most used such applications is microlending, or microcredit. Microloans are small loans that are issued by individuals rather than banks or credit unions. These loans can be issued by a single individual or aggregated across a number of individuals who each contribute a portion of the total amount.
MFI
Microcredit is the extension of very small loans (microloans) to impoverished borrowers who typically lack collateral, steady employment, or a verifiable credit history. It is designed to support entrepreneurship and alleviate poverty. Many recipients are illiterate, and therefore unable to complete paperwork required to get conventional loans. As of 2017 an estimated 86 million people held microloans that totaled US$53 billion.
Microlending is a financial innovation made possible by technology and the peer-to-peer economy. People looking to lend money to earn potentially high returns may fund borrowers who either have no access to credit due to geography or cannot get credit from traditional sources, such as banks or credit unions.
Technology
Today cryptocurrencies have become known to most people as a conventional and popular investment option. The main purpose of this new technology is to allow people to buy, trade, and invest without the need for banks or any other financial institution. Cryptocurrencies are highly volatile and can be profitable to any trader’s portfolio.
2 in 1
Imagine that these two large-scale spheres will unite and will be available on one platform. The advantages of each will be taken as the basis for creating one platform on which anyone can use them and realize their ideas together with other users and their resources.
Did you imagine? And we began to release.
YouGive — it is aggregator platform combines microfinance organizations with people and gives them opportunity to honestly and transparently find the necessary funds at the rate that suits to them.
And we remind you that today YouGive is on pre-sale stage of ICO and you can become a co-owner of YouGive by investing in a project that will change the sphere of microfinance and cryptocurrency.
For more details about our project go to: https://yougive.io
You can also ask any questions in our chat in the telegram: https://t.me/YouGiveChat
