New Economy Ledger

According to Global Findex report, around 2 billion adults around the world are still excluded from the formal banking system with no access to credit and savings products. To improve their standard of living, they are forced to rely on substandard banking products and high-cost sources of credit such as payday loans or loan sharks lending. 

NEL, which stands for New Economy Ledger, will be the first microfinance lending platform aimed at developing countries, based on the NEM blockchain technology. The NEL Foundation will disrupt the microfinance world with the cutting-edge technology and efficient processes, inherent in the blockchain-based NEL ecosystem.

Through bypassing banks and their high fees in this financial sector, relatively unknown to the private individuals, and offering practical solutions to the loss of productivity suffered by the microfinance organizations, NEL users will be able to lend with no risk to developing communities while earning interest. The interest rates proposed to the borrowers will be more ethical than the ones currently offered by institutions, while the lenders will enjoy solid returns.

Total Token Supply
Token Price
1 NEL = 1 NEM
Hard Cap
15,000,000 USD
Soft Cap
1,500,000 USD
ICO Starts
ICO Ends
Email ID ****
Mobile Number 88********
Nationality Indian
Father's Name Ajay Mall
Father's Mobile +91 99********
Mother's Name Hemlata Mall
Mother's Mobile +91 90********
Emergency Contact Person Pawan Mall
Emergency Contact Person's Mobile +91 88********
Last School Pawan Mall's School
Date of Admission March 4, 2009
Birth Place Delhi
Academic Year 2015-2016
Medical Condition Normal
Active/Inactive Student is Active
Last Editing 2015-08-20 09:41:56

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