About Project
What is Geovault?
Geovault is a peer to peer microloan platform where business owners in developing countries can apply for microloans ranging from $100 to $1000 US
And for individuals, Geovault is an encrypted, password protected, FREE digital document storage site examples:
Birth and Marriage Certificates, Graduation and School and University Diplomas, Land Ownership Records, Land Survey Maps and Records,
Business Ownership Records, Death Certificates etc
Think Government Records Office secured in the the cloud
Personal and business photos of home and family, neighborhood street views, major landmarks and intersections to establish a GEO Identity location
Who you are and where you live (Think Drivers License and Facebook)
Geovault can be used to transfer Land Titles and Business Ownership Sales using Blockchain documentation and recordation
Most developing countries have government offices holding paper copies of legal documents
Accessing these documents creates barriers
Geovault seeks to digitize these documents which can be cross verified later
Privacy is maintained by limiting access to the vault and Blockchain tracing for upload and access information
How does it Work?
Think Facebook microlending where borrowers and lenders meet
Borrowers fill out a loan application introducing themselves and their business
Business owners request loan amount and how the loan will be used
Descriptions and photos of their home and business location so the Lender can establish a clear picture of who they are lending to for a risk and reward calculation
Google Earth longitude and latitude of home and business four property corners are required to establish a GEO location
Borrower's application can be searched by peer lenders willing to fund loans from $100 to $1000 US and a set rates of 1% above US prime per annum
Loans are for maximum one year or short term as requested
Geovault paypal using Blockchain documenting payments
Payment history begins a credit rating system to be used in future loan approvals
Because of lending history of successful repayment, female owned business will have a greater opportunity for funding
Why Geovault ?
Developed countries benefit from an "invisible infrastructure" which evolved over centuries of survey maps
Survey maps establish ownership boundaries and property rights
Property rights protect owners from illegal invasion creating a secure domicile
All rights have responsibilities like property taxes and neighborhood security watch and common area parks need clean up
Developing countries have land but lack updated survey ownership maps
They allow Squatter Rights when they could be offering Homestead Rights
Pride of ownership and real estate markets develop once you have maps and public ownership records
Land becomes the glue anchoring the citizens to the government because the government keeps their records
Government leaders will need to disclose ownership and property tax payments
Government leaders land title can be used as collateral to insure honesty when collecting taxes
When you have title to land you have collateral for funding and business development
Industries like agriculture and insurance and banking begin to grow
Homesteads allow the :have nots" to farm and feed themselves
Economic migrants will have a reason to stay in their home country
Own a piece of the land be vested in making their country work
This will take time so let's get started