8 reasons whyĀ you should NOT use Kolo
Let's explore the different reasons why you shouldnāt make use of your Kolo account or encourage your family and friends to do so.Ā
How to get your SMS sender ID as a lender in Nigeria
Nigeria's population of over 220 million people represents a massive potential customer base for businesses, particularly in the financial sector. Mobile penetration rates have reached 87% with 172 million mobile subscribers. This is why lenders must capitalize on SMS because it guarantees broad access to customers.
5 reasons why borrowers donāt come back
Many lenders focus heavily on acquisition but overlook a quieter, more costly problem: why borrowers donāt return. The truth is, repeat borrowing isnāt just about need; itās about experience. When customers encounter hidden fees, rigid repayment structures, slow disbursements, poor communication, or feel unsupported during moments of financial stress, they remember. And when the next need arises, they donāt come back, they look elsewhere. Understanding these friction points is critical, because in lending, retention is often the clearest signal of trust earned or lost.
