Unlimited Creativity with KNL – David mark
At present there are indeed a number of government-owned institutions tasked with channeling aid funds, which are allocated to support business activities. The amount of assistance offered depends on government policy and economic stability in the country. For example if we compare the allocation of education funds provided by the Chinese and Indonesian governments, which we can see that the percentage of aid funds allocated by the Chinese government is far greater than the percentage of funds provided by the Indonesian government. This is because now China has become one of the advanced Asian countries. Therefore they also have a good level of economic stability. Therefore this shows that economic stability can have a domino effect on a number of business sectors.
The economic condition of a country basically does not only affect government policy. But it can also force a person to think creatively, so as not to always depend on the programs planned by the government. Therefore, at present the KNL has the role to provide loan funds for a number of productive and potential businesses. KNL is a Blockchain technology platform that is able to provide loan fund monetization services and also functions as a trade intermediary.
At present the KNL has launched five main markets that are targeted for its market share, which includes agriculture, plantations, petroleum, real estate or property, fintech and a number of other strategic businesses. The proposed loan program has a different system from the loan technique proposed by the Bank. If a bank applies an interest system, then KNL does not apply an interest system to customers who receive loan funds.
If we analyze again, the KNL business is currently listed as engaged in various business fields. Therefore it is only natural that he employs people who have expertise in these business fields, be they a bachelor of agriculture or petroleum. This is certainly very necessary to avoid all kinds of fraud that might occur. For example if there is a farmer who applied for a loan, then KNL agricultural experts will conduct a series of field studies to see the quality of the farm, both from the level of fertility and types of plants. In addition there are also legal practitioners who ensure the ownership status of the land. Where there are a number of farmers who rent other people’s land to grow a number of agricultural products. The main purpose of the KNL is to provide loan funds to these farmers. However, when it comes to ownership status, this will be determined by the KNL. After passing the feasibility test from the field study. Then the farmer is automatically entitled to get loan funds. In this lending system, KNL does not enforce guarantees at all. However, these loan funds will be replaced with a yield equal to the amount of the loan and recorded in the form of KNL tokens with the same value. The recording is in the form of tokens because it takes a long time to wait for the harvest. Therefore the harvest recorded in this token can be sold to the wider community. Later the token owner is entitled to get the harvest when the time comes, or he can also trade the tokens on a number of exchanges.
From the above review we can know that the expert team has made an investment plan with a very mature level of planning and a number of very accurate calculations. Seeing this we can say that the relationship between KNL and farmers, is not a relationship between lending institutions and customers, but rather like a business partnership relationship. This is because in addition to helping agricultural businesses in the form of funds, he also plays a role in being a trade mediator. Therefore farmers must also present an accurate calculation related to capital and the benefits to be gained.
Not all successful and rich people in this world come from wealthy families, some even used to have no home and slept on the streets. However, this does not make them give up to achieve success. They will do all kinds of ways, including by creating business innovations that have high creativity value. Therefore this also inspires KNL to build a platform that has a positive domino effect on a country’s economic development.
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Published at Sat, 31 Aug 2019 15:14:13 +0000
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