Legal compliance pitfalls lenders must avoid in Nigeria
Industry Information

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.  Stay out of trouble with these 10 legal compliance areas.

How to find a profitable lending niche and target the right borrowers
How to

How to find a profitable lending niche and target the right borrowers

As a loan business owner looking to succeed, scale and stand out in the lending ecosystem, you must recognize that you can’t lend to everyone. We’ve highlighted several ways to target the right borrowers and find a profitable niche. 

How to spot risky loan guarantors and protect yourself as a lender
How to

How to spot risky loan guarantors and protect yourself as a lender

A loan guarantor is basically like a secondary borrower. If they can't pay up when the borrower defaults, then having them as a guarantor is pointless.