Loan Swap

In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient (i.e., the borrower) incurs a debt and is usually liable to pay interest on that debt until it is repaid as well as to repay the principal amount borrowed.

Acting as a provider of loans is one of the main activities of financial institutions such as banks and credit card companies.

these contracts are intended to serve as a database to keep track of payments on an ongoing loan, and in turn choose to sell this debt to other lenders in a decentralized ecosystem.

Contracts

Loan
CrowdLoan - CrowdLending
Token Payable

Loan

Current loan with bank or credit union, keeps track of current payments, works as a database.

features:
- Total debt
- Number of quotas
- start date
- interest rate

Link to the owner

In this case we use linkedin but any social network of value to the loan owner can be used.

CrowdLending

It allows to put on sale the debt established in the credit contract, it is expected to receive a stable currency, so that it is better both to liquidate it and to repay the loan without impermanent losses.

features:
- Total loan
- Number of quotas
- Start date
- deadline to close financing
- interest rate

receives stable coin, and if the total is filled, transfers it to the borrower's wallet.

Token Payable - NewLoan - 1155

allows the debt to be divided into participation percentages according to the amount contributed in the CrowdLending, receives the payments in a stable currency and assigns them to each wallet for later withdrawal.

features:
- Total Supply = 100%
- number of quotes paid
- total paid
- receive debt payment
- event to measure monthly payments
- event to know if you are in default and to report it
- collect earnings and principal per borrower