Key providers for lenders in Cameroon: Credit scoring, KYC, and payment
Let’s look at some of the key players driving this change in Cameroon’s credit ecosystem and how they’re easing up the affairs of lenders.
5 issues that lenders have with Nigerian credit bureaus
Before Nigerian credit bureaus were created, banks operated as lone wolves, reluctant to share credit information with third parties. They also didn’t have ways of knowing if a borrower had unpaid loans with other banks/financial institutions. As such, borrowers could easily secure multiple loans and cart away funds from different institutions without the lenders knowing. […]
5 reasons why most lenders don’t have access to GSI
While we encourage CBN to fix these issues, lenders on Lendsqr can still access more reliable ways to collect loans from customers.
