Requirements for a moneylenders license in Nigeria
Information

Requirements for a moneylenders license in Nigeria

Lending is a profitable business whose economic significance can’t be disregarded. There are a few hurdles to scale to become a lender and getting a moneylenders license is one of them. Lenders need to be licensed, if not, they can’t start a money lending business legitimately. You can read more about how to determine the […]

Lenders battle against fraudsters; a case for an industry blacklist
Lending

Lenders battle against fraudsters; a case for an industry blacklist

In Kenya, the lenders battle against fraudsters with an estimated 3.2 million people have been blacklisted on Kenya’s TransUnion credit reference bureau.

How to assess loan applications for individual borrowers  
How to

How to assess loan applications for individual borrowers  

While lending is globally known to be very profitable, after all even in the bad economy of Nigeria, banks routinely deliver superlative returns, the thoughts of Non Performing Loans (NPL) ratios would make any lender worry. The reputation of Nigerians not paying back their loans poses a red flag and emphasizes the need to develop […]