SlideShare a Scribd company logo
Kelly Xu
Garfield Maitland Jr.
Joseph Chuang
Mahfuza Shovik
Katie Borg
Will Gao
Fintech Hackathon
PROJECT Loan
Project L
PROBLEM
4/5 small businesses who ask for
microloans are rejected.
Project L
MISSION STATEMENT
Project L strives to provide low-
interest microloans to encourage local
small business development.
Project L
DEFINITIONS
Microloan: a loan under $50,000
Crowd-funding: raising revenue from a
large number of people
Project L
BORROWERS
start project wait for funds
complete projectrepay funds
Project L
LENDERS
create profile deposit funds
choose projectearn money
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
Project L
REVENUE
10% flat interest rate
50% revenue 50% revenue
Project L
DELINQUENCIES
Late
Payments
New
Plan
Interest
Increase
Cannot Repay Suspended
Project L
DELINQUENCIES
JO’S PIZZERIA
Project L
Thank You.
Project L
APPENDICES
Borrower Qualifications
Competition Analysis
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
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

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Project Loan

Editor's Notes

  1. So there’s this guy who makes pizza, named Jo. One day, he realizes that he needs another pizza oven.. If only he had 5000 more dollars. So Jo goes onto Project L to
  2. Borrowers have to work