Frequently asked questions on payments at Lendsqr
Industry Information

Frequently asked questions on payments at Lendsqr

This article explains how cards are stored and charged, which providers power each transaction, how repayments flow into the borrower’s wallet, what happens when payments fail or get stuck, and the safeguards that ensure the entire process is accurate and traceable.

Why Nigerians don’t pay their loans
Lending

Why Nigerians don’t pay their loans

The frustration that comes from not being able to recover money because Nigerians don’t pay back their loans isn’t debatable. But, why don’t Nigerians pay back their loans?

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. […]