LendLedger Signs Memorandum of Understanding with The Smart Campaign
The LendLedger team is excited to announce our memorandum of understanding (MoU) with The Smart Campaign, who’s Fintech Community of Practice we became a part of last month.
The Smart Campaign, an initiative of the The Center for Financial Inclusion at Accion, is a global effort to unite financial leaders around the common goal of keeping clients as the driving force of the financial inclusion industry. The Smart Campaign asserts that by behaving responsibly, lenders build strong, lasting relationships with clients, increase client retention, and reduce financial risk.
As part of this MoU, with the Smart Campaign will advise LendLedger on how consumer protection practices can be integrated into the LendLedger protocol. As the first certification partner on the LendLedger network for lenders, the Smart Campaign recognizes the power of LendLedger’s blockchain based model to create an opportunity to build best practices into how lending markets function. LendLedger is a platform built with the mission of increasing financial inclusion. By creating a protocol to lend to the 200+ million, micro, small and medium sized enterprises that are currently financially underserved, we are working to close an $8 trillion credit gap. Through imposing responsible practices, and ensuring that borrowers have access to transparent information about terms and interest rates, we are building a network that enables fast, secure, and trustworthy loan decisions.
We could not be happier to have the Smart Campaign on board and work together towards our shared mission of expanding financial access!
