NEL (NEL)

NEL, which appears for New Economy Ledger, would be the first microfinance lending platform aimed at developing countries, based regarding the NEM blockchain tech. 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 banking institutions and their high fees inside financial sector, relatively not known towards private people, and providing practical solutions to the increased loss of efficiency suffered by the microfinance organizations, NEL users will be able to provide with no risk to developing communities while earning interest. The interest rates proposed towards borrowers could be more ethical compared to the ones currently provided by organizations, while lenders will enjoy solid returns.