We’re giving our lending tech away for free to non-profit and DFIs
If you’re a non-profit or development finance institution (DFI), it should be easier to run a lending program if you're already doing the hard part of reaching people most others won’t.
What is Lendsqr, and how does it work?
So what is Lendsqr, and how does it work? What makes Lendsqr the go-to platform for lending? Explore its key features and how they can help you build a thriving loan business.
Why Lendsqr is Africa’s most affordable loan management software
The end-to-end loan management software that’s rewriting the rules for lenders globally by offering enterprise-grade features without the enterprise-grade costs.
How to identify fake or predatory loan apps
As digital lending expands, so does the risk of fake or predatory loan apps targeting unsuspecting borrowers. These platforms often use misleading terms, aggressive collection tactics, and hidden charges to exploit users. Knowing how to spot warning signs, such as lack of transparency, excessive permissions, and unregulated operations, is essential for both borrowers and lenders. Identifying these red flags early can help prevent financial harm and promote a safer, more trustworthy lending ecosystem.
How to turn first-time borrowers into repeat customers
Turning first-time borrowers into repeat customers requires more than just approving a loan, it depends on the entire experience from application to repayment. When borrowers encounter clear terms, fast disbursement, and supportive communication, they are far more likely to return. Consistency, transparency, and thoughtful follow-up all play a role in building trust over time. For lenders, focusing on these moments can transform one-time users into long-term, loyal customers.
Frequently asked questions on direct debit mandates for loan repayment
Direct debit mandates have become a common tool for loan repayment, helping lenders automate collections and reduce missed payments. But for many borrowers and even lenders, questions still arise around how these mandates work, what consent really means, and how disputes or cancellations are handled. From setup and authorization to compliance and customer protection, understanding the key aspects of direct debit is essential for building a smooth, transparent, and trustworthy repayment process.
What is escrow-based lending?
At its core, escrow-based lending is a financial arrangement where a neutral third party holds funds, documents, or assets on behalf of both lender and borrower, and only releases them when predefined conditions are met.
5 loan apps with fast approval in Nigeria
In Nigeria’s fast-growing digital lending space, speed has become one of the biggest differentiators for borrowers in urgent need of cash. Several loan apps now offer approvals within minutes, minimal documentation, and instant disbursement directly to bank accounts. Platforms like FairMoney, Branch, Carbon, Palmcredit, and QuickCheck have built their reputation on quick access to credit, often without collateral and with simplified application processes. But while fast approval is appealing, borrowers still need to weigh factors like interest rates, repayment terms, and overall reliability before choosing the right option.
Frequently Asked Questions on SACCO regulation in East Africa
This article walks through the questions lenders and credit providers usually ask when trying to understand SACCO regulation in East Africa.
How do lenders know when to expand to another country?
Before you think about entering a new country, you need to step back and ask a more basic question. Are we actually ready to operate there?
What is consumptive credit and why is it so damaging?
Understanding how consumptive credit works, and why it behaves the way it does, is important for any lender trying to build a sustainable portfolio.
Frequently asked questions on data privacy laws for loan apps
As digital lending grows, so do concerns around how borrower data is collected, stored, and used. For many loan apps, navigating data privacy laws can feel complex, especially with evolving regulations across different markets. From consent and data sharing to security and compliance, lenders often face recurring questions about what is required and what best practice looks like. Addressing these concerns clearly is essential not just for regulatory compliance, but for building borrower trust in an increasingly data-driven lending environment.
How guarantor structures reduce recovery costs
This article is about how guarantor works and why it matters, particularly for lenders in Africa, where the cost of recovery is disproportionately high.
Nigeria’s Banks and Other Financial Institutions Act
This article walks through Nigeria's Banks and Other Financial Institutions Act in a way that connects the legal provisions to how lending businesses actually operate.
