Key providers for lenders in Zimbabwe: Credit bureaus, credit scoring, and payments providers
Zimbabweās lending market is like playing a game of Jengaāstacking loans high and hoping it doesnāt all come crashing down. With nominal lending rates that hit a staggering 242% in 2022 (now down to 32.4%), itās safe to say borrowing here isnāt for the faint-hearted. But lenders arenāt worried about flashy interest ratesātheyāve got bigger […]
How some Nigerians get into chronic debt, and how to get out
Let's face it ā getting caught in a debt spiral is easier than we'd like to admit. Kiki's story shows how quickly a celebration can turn into a financial nightmare. But here's the good news: there's always a way out, even when things seem hopeless.
Legal compliance pitfalls lenders must avoid in Nigeria
Gone are the days of loan-sharking tactics in Nigeria's modern, regulated lending ecosystem. Lenders who hope to make a lasting impact and withstand the hurdles in this space must be prepared to toe the line of honest, legal and ethical lending. Else, they risk being booted out of the ecosystem.Ā Stay out of trouble with these 10 legal compliance areas.
