Frequently asked questions on starting a lending business in Nigeria
Starting a lending business in Nigeria offers big opportunities, but many founders struggle with regulations, setup steps, and risk management. This FAQ-style guide answers the most common questions, from licensing and CAC registration to choosing a lending model and handling collections, so you can launch your lending business with confidence.
How to verify borrower’s ID
In a country where there’s a huge consumer credit gap, high inflation and poverty rates, loans are definitely in high demand. As a lender, this means you get a high influx of loan applications daily. And guess what? You have to verify the identities of every single borrower that passes through your funnel. Character is […]
8 reasons why you should NOT use Kolo
Let's explore the different reasons why you shouldn’t make use of your Kolo account or encourage your family and friends to do so.