I just wanna know if you lend in lala is there colateral or what?
Yes if someone will lend or borrow money from Lala wallet, it is included in the terms and condition that it have collateral if you unable to payback the money you lend. I read that information in their telegram because someone is already asked it.
what would be the collateral if they are migrants and unbanked?? to know that they dont have properties to be a collateral...
Thanks! somebody with a bit of common sense around!

This project smells and screams scam from the begining, but no worries, they´ll get people to buy their ICO and runaway. I hope Im wrong but only time will tell, and if all people putting money on this gets scammed, they probably deserve it for being greedy and not doing any research. If not, well, congrats to the happy holders of this shitoken and newest millionaires on cryptoworld.
LALA is real for real people. Let me answer your question. In LALA Lends, there are four services;
1- Crypto Asset-backed Loans: Here user will put his crypto as a collateral and will receive loans.
2- P2P Lending: Here any lender can provide loans to any borrower on the basis of his comprehensive LALA Score.
3- Microlending For Small Community Projects lending: Here LALA with its investors will provide loans to Community based projects (for e.g. small solar farm in a remote village) or small retailer loan based on their sales, trade data and invoice all embedded inside LALA ID and one Score LALA Score
4- Installment based crypto buying: Here any user can buy any crypto on EMI at competitive interest rates.
To know more join our telegram group here:
https://t.me/LaLaWorldThis will surely clarify one of the core question here, and some people don't have a cellphone in order to join the telegram group. thanks mate!