💡 Give your customers flexible access to funds with overdraft
Hello there! 👋 Happy new month and welcome to September! 🌞 Two thirds of the year are already behind us. Back in January, many of us set ambitious plans and goals; September is the time to bring those intentions full circle, measure results, and push forward to finish strong. 💪 For us at Lendsqr, it’s […]
Everything to know about the Nigeria credit reporting act
This article provides an explanation of the Credit Reporting Act. It stays close to the law while focusing on how the provisions affect lenders in practice.
Customer count or profitability: which is more important for a lender?
For lenders, growth often brings a key dilemma: should the focus be on increasing customer count or maximizing profitability? While attracting more borrowers can boost market presence and long-term opportunities, it can also strain resources and increase risk if not managed carefully. On the other hand, prioritizing profitability ensures sustainable operations but may limit market share and growth potential. Striking the right balance between these two objectives is crucial for building a lending business that is both competitive and financially resilient.