All competitors can be divided into two categories: Traditional P2P Lending (Lending Club, Zopa, bezbanka.ru, etc.) Loans in cryptocurrency (Everex, POLONIEX, Btcjam, etc.) Our transaction storage system is more open than the first category. You can remember at least a scandal with Lending Club when the turnover of the company was artificially overstated. SOFIN transactions are stored in a decentralized storage facility based on blockchain. There is also a powerful bonus model based on the private SOFIN token (more in the Smart Contract Structure section). We benefit from the second category with the legal purity and transparency of each transaction. The loan is given in the fiat currency of the Borrower’s country according to the law. So the Creditor has a clear, legitimate reason to repay his loan. In addition, we differ from both options with the existence of our own guarantee fund, which reduces the risks of Creditors (more in the Guarantee Fund section). We give loans to both individuals and small and medium-sized businesses. For businessmen it can be both a business development loan and the one to start a new one. The main thing is to make the project viable. The risk assessment methodology, including the startups, has already been tested in practice. For the startups it will also be a plus if the Borrower has already proven its reliability by taking and returning consumer loans. His ranking and history of consumer loans will be available to the system, and the chances of getting credit for business will grow significantly.