On Monday, the CEO of LendingOwl LLC, had a meeting with the presidents of different central banks in the African continent mostly consisting of the states of the ECOWAS (Economic Community Of West African States).
The CEO of the Telegram only Lending platform in the person of Emma Madoff stated that countries who have accepted to work with them would be allowed to get loans from them even without an initial 30% deposit. He stated that the 30% deposit applies only to individuals and corporate bodies who want to get the loan.
The CEO Emma Madoff explained that LendingOwl, LLC is a Telegram exclusive Peer to Peer lending crypto site that allows people in different geographical territories and continents of the world to lend and borrow money from the comfort of their homes without stress or fear of future misunderstanding, guarantors, lawyers, and long processes.
To process loans from the LendingOwl platform, users are required to have at least 30% of the loan amount as collateral. For example, 30% of $1000= $300
The CEO further stated that the platform has already been in use in other countries and continents of the world except for Africa.
She further explained that African countries have the least investors in cryptocurrency and that is why she held the meeting to further explain to financial presidents of the countries on the benefits, easy process, and procedures required for its citizens to be able to take out loans they need from the LendingOwl, LLC platform on telegram.