How to get your SMS sender ID as a lender in Nigeria
Nigeria's population of over 220 million people represents a massive potential customer base for businesses, particularly in the financial sector. Mobile penetration rates have reached 87% with 172 million mobile subscribers. This is why lenders must capitalize on SMS because it guarantees broad access to customers.
Fund your lending business with on-lending facilities
Accessing funds to finance loans is a challenge for small and medium sized lenders.Ā Weāll explore on-lending as a source of funding for lenders.
Requirements for a moneylenders license in Nigeria
For those who want to lend strictly without offering other banking or financial services, we'll show you the requirements for a moneylender's license.
