1. Kelly Xu
Garfield Maitland Jr.
Joseph Chuang
Mahfuza Shovik
Katie Borg
Will Gao
Fintech Hackathon
PROJECT Loan

2. Project L
PROBLEM
4/5 small businesses who ask for
microloans are rejected.

3. Project L
MISSION STATEMENT
Project L strives to provide low-
interest microloans to encourage local
small business development.

4. Project L
DEFINITIONS
Microloan: a loan under $50,000
Crowd-funding: raising revenue from a
large number of people

5. Project L
BORROWERS
start project wait for funds
complete projectrepay funds

6. Project L
LENDERS
create profile deposit funds
choose projectearn money

7. Project L
COMPETITION
• all or nothing
• all or nothing
• use what you raise
• artistic projects
• entrepreneurial projects
• local businesses
• Stripe
• PayPal
• all types of payments

8. Project L
REVENUE
10% flat interest rate
50% revenue 50% revenue

9. Project L
DELINQUENCIES
Late
Payments
New
Plan
Interest
Increase
Cannot Repay Suspended

10. Project L
DELINQUENCIES

11. JO’S PIZZERIA
Project L

12. Thank You.

13. Project L
APPENDICES
Borrower Qualifications
Competition Analysis

14. Project L
Borrower Qualifications
- Over 18 years old
- Business in operation for over 1 year
- In good standing
- No multi-level marketing
- No illegal activities
- Not purely for financial purposes
- Cannot currently be in foreclosure,
bankruptcy, under any liens, or in jail

15. Project L
Competition Analysis
Kickstarter Kiva Project L
-all or nothing
-artistic projects
-Stripe
-8-10% interest
-no middle man
-donations only
-all or nothing
-entrepreneurial
-PayPal
-23% interest
-middle man
-crowd funding
-partial funds
-small business
-all payments
-10% interest
-no middle man
-crowd funding