A cultural view of loan defaults in Malawi
Executive Summary Between 2019 and 2024, Malawi has seen both a rapid expansion in personal lending and a growing struggle with defaults. While commercial banks, microfinance institutions (MFIs), savings and credit cooperatives (SACCOs), village savings and loan associations (VSLAs), and new digital lenders have opened up access to credit, many Malawians still find it difficult […]
📝 Design your forms, just the way you want it
Hello there! 👋 Happy new month and welcome to October! 🌞 To our amazing lenders in Nigeria, we’re also wishing you a Happy Independence Day! 🇳🇬✨ October is not just the start of another month. It is the beginning of the final quarter of the year, a perfect moment to pause, reflect on how far […]
How to spot risky loan guarantors and protect yourself as a lender
A loan guarantor is basically like a secondary borrower. If they can't pay up when the borrower defaults, then having them as a guarantor is pointless.