Everything you need to know about the Central Bank of Nigeria act
Industry Information

Everything you need to know about the Central Bank of Nigeria act

This article walks through the Central Bank Act with a focus on what it means for Nigerian lenders and credit providers.

6 practical tips to reduce loan processing times
How to

6 practical tips to reduce loan processing times

Fast loan processing doesn’t mean approving all loan requests, but deciding if a loan should be approved or not shouldn’t take forever.

A cultural view of loan defaults in Kenya
Industry Information

A cultural view of loan defaults in Kenya

Executive summary  From 2019 to 2024, Kenya experienced a steady rise in personal and consumer loan defaults, driven not just by economic challenges, but deeply rooted cultural behaviors, social expectations, and shifting attitudes towards debt. While formal banks, microfinance institutions, and mobile lenders expanded access to credit, repayment struggles mirrored longstanding cultural and communal dynamics. […]