Peerfin — The Hope Project

Over the last couple of weeks, we have talked about the big bad world out there, preying on students; the banks, the debt crisis, and the impending financial disaster. Well, this time, no more complaining.

Introducing Peerfin.

The world’s first blockchain based peer to peer lending platform for education loans without collateral.

Why Peerfin?

The sad thing about education loans is — They grow with you.

To point out some raw facts,

>3 out of 4 students require an education loan in the USA.

>Very few students receive enough scholarships and grants to cover all college costs.

>More students are taking up jobs irrelevant to their education to support themselves in college.

>A growing number of graduates are unemployed, underemployed or worse, stuck at the wrong job.

>And worst of all, everyone involved in the student loan industry is making serious money off students.

So, if you ask me,

“Why Peerfin?”

I’ll tell you. “Because no student must have to choose between college and a debt — free life ever again.”

Oh, and before you read on, please remember two names. They’re kind of important.

Meet Aurora and Lamina.

We’ll see how important they are for everyone involved in Peerfin as we read on.

Peerfin Golden Rule #1: You need loans to get a degree, not a debt.

So there you go. We bring you the easiest, safest loans from verified lenders around the world at interest rates that are nothing like the banks. No huge transaction fees. No overheads.

All the lenders on the platform, you get to control who you’re lending to and why. As for the borrowers, you know who you’re borrowing from and arrive at an understanding in the form of a smart contract.

The smart contract is simply an agreement that operates when the conditions governing it become true. Depending on the conditions of the smart contract, the lender and borrower can set their terms regarding the loan, including what happens in case of a default.

Since the middlemen (bank) idea goes straight out of the window, you get the best interest rates. Now, with this sharing economy, students across the globe can essentially borrow from their peers across borders, and pay them back in a nominal time period.

Finance. Decentralized.

But wait. Giving off loans is not all we do. There’s more.

Peerfin Golden Rule #2: Money solves only half the problem.

For a student to truly succeed in finding a stable living environment, he or she needs help all the way. And that is what we provide.

Help all the way.

Peerfin is a one-of-its-kind platform that provides a complete educational ecosystem for students. When a student registers with Peerfin, they share their skills, talents, and interests with us. Our smart engine Aurora keeps track of all this. She also assigns each student a score we call the SPQ. (Student Performance Quotient). Smart, right?

Plus, Aurora lets them meet thousands of employers offering internships, freelance opportunities and project opportunities on the platform so that they can improve their score and make themselves more employable.

And when larger companies look to hire employees, where do they go to?

To our platform of course! We provide the out-and-out information about the performance and qualities of a student. We just provide the data, it’s up to the student and company to choose what’s best for them.

Opportunities. Decentralized.

Peerfin Golden Rule #3: Never put all your documents in one digital repository.

Are you scared for the safety of your digital Identities, birth Certificates, passports, and IDs? You’re not alone.

We all are. Digital security has already cost us dearly and is now estimated to cost the industry about $18.5 billion annually. Password-based systems have brought trouble upon themselves and the rest of the world every now and then.

Data thieves and hackers prowl the digital space looking for that one loophole which we all overlook.

Added to this is the problem of authentication. Thanks to entire companies out there rolling out fake certificates of unmatched quality, authentication of certificates is a Herculean task for employers.

Speaking of which. When was the last time you had to get a certificate notarized? I’m sure you remember because the experience is one that’s too hard to forget. The ballpark processing time is around two weeks, which is quite unreasonable for anyone in urgent need. Not to forget all the money you had shell out to get it done on time.

Peerfin clears up all the obstacles in this race course.

Our notarization engine Lamina lets students upload and notarize all of their documents and certificates in one go. Lamina converts them into hash signatures and stores them away safely on the blockchain.

With Lamina, your identity/records can be uniquely authenticated in an irrefutable, immutable, and secure manner. Because of the irrefutable identity verification using digital signatures, Lamina accomplishes the task of authentication in a matter of two seconds.

No more fake certificate scams. No more frauds. No more stolen data.

Just as you think it couldn’t get any better, well, it does! This data will be end-to-end encrypted, meaning, Peerfin will not actually be reading your private information. Those will stay between you and your respective institution, and this data will be globally accepted.

Documents and records. Decentralized.

Peerfin Golden Rule #4: Bonuses are always welcome. Especially when you deserve them.

Students across the world also depend on a number of scholarships and grants to cover their tuition costs. While it is a fact that very few scholarships cover all costs of education, they help to pay off so many bills and are very much welcome.

So, how do you find your ideal scholarship?

With Peerfin, organizations can run their scholarship programs on the blockchain, ensuring its credibility and authenticity. You just have to sit back as scholarships from all over the world reach you through us.

Scholarships. Decentralized.

To students, lenders, recruiters, universities, and organizations across the globe, we offer our platform and our advice. For their own good.

And you definitely have the right to choose what’s good for you. Because we believe in the power of the people.

Ready to decentralize? Join us our Telegram.

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