Apas Port Launches $20M Vehicle Loan Initiative with HARVEST FLOW on Plume Network to Empower Financial Inclusion in Emerging Countries, Starting in Cambodia

In an effort to promote financial inclusion in emerging countries, Apas Port Co., Ltd., a Tokyo-based Web3 company, has launched HARVEST FLOW, a social impact-driven cryptocurrency lending platform. The platform, which is built on the Plume Network, aims to provide accessible and affordable vehicle loans to individuals and small businesses in emerging countries, starting with Cambodia.

The HARVEST FLOW initiative has been backed by a $20 million vehicle loan facility, which will be used to finance the purchase of vehicles for individuals and small businesses in Cambodia. The platform utilizes blockchain technology to facilitate peer-to-peer lending, allowing individuals and institutions to lend directly to borrowers in emerging countries.

Apas Port’s entry into the financial inclusion space is significant, as it represents a new approach to addressing the issue of poverty and lack of access to financial services in emerging countries. Traditional methods of promoting financial inclusion have often relied on charitable donations or government-led initiatives, which can be limited in their scope and impact. HARVEST FLOW, on the other hand, leverages the power of blockchain technology and peer-to-peer lending to create a sustainable and scalable solution that can reach a wider audience.

The launch of HARVEST FLOW is particularly timely, as the COVID-19 pandemic has highlighted the need for innovative solutions to address economic inequality and financial exclusion. In emerging countries, where access to traditional banking services is limited, the pandemic has disproportionately affected small businesses and individuals who lack access to financial safety nets. HARVEST FLOW’s focus on providing affordable and accessible vehicle loans is a significant step towards addressing this issue, as it enables individuals and small businesses to purchase vehicles that can be used for transportation, delivery, and other purposes.

Apas Port’s commitment to promoting financial inclusion in emerging countries is reflective of a growing trend among Web3 companies to use blockchain technology for social impact. By leveraging the transparency, security, and decentralization of blockchain, Web3 companies like Apas Port are well-positioned to create innovative solutions that address pressing global issues.

In addition to its financial inclusion initiatives, Apas Port is also dedicated to creating a “kando” experience for its users. Kando is a Japanese term that refers to a deep emotional engagement or connection with others. By integrating kando into the digital realm, Apas Port aims to create a more personal and meaningful experience for its users, which can help to build trust and foster a sense of community.

The launch of HARVEST FLOW is just the beginning of Apas Port’s efforts to promote financial inclusion in emerging countries. The company plans to expand its initiatives to other countries in the region, with the goal of empowering individuals and small businesses to access affordable and accessible financial services. With its innovative approach and commitment to social impact, Apas Port is well-positioned to make a significant difference in the lives of millions of people around the world.