Best loan management software for Kenyan lenders: Lendsqr vs. Presta
Digital lending has completely transformed Kenya’s financial landscape, thanks in large part to mobile money platforms like M-Pesa. With over 83% of Kenyans using mobile money, access to quick credit has never been easier. This rise in digital lending has driven adoption rates sky-high—making it simpler for millions of Kenyans to access loans in minutes […]
Top 5 loan apps for 5000 Ksh in Kenya
Most Kenyans earn below Ksh 50,000 monthly, with the average monthly income standing at Ksh 20,123. To put this in perspective, living comfortably in Kenya today requires around 150,000 ksh per month, meaning that a significant number of Kenyans are working with tight budgets and may struggle to meet their daily needs. Now, what exactly […]
How to get started as a lender in Kenya
Believe it or not, there are approximately 7.4 million MSMEs in Kenya struggling to access credit, desperately waiting for you to decide to set up shop as a lender in Kenya. Getting started as a lender in Kenya means stepping into a market with a $1.1 billion credit gap. If you’re worried about competition, know […]
We spoke to real lenders about the problems they’re facing in their business
Every day, thousands of Nigerian lenders wake up to face a market that’s equal parts promising and precarious. The nation’s vast population, entrepreneurial spirit, and rapidly growing SME sector make it an attractive ground for credit services. Over 40 million MSMEs account for nearly half of Nigeria’s GDP, and many of these businesses rely on […]
How to get your SMS sender ID as a lender in Nigeria
SMS stands out as one of the most universally accessible communication channels, capable of reaching even the most remote locations where internet connectivity is scarce or unreliable. SMS boasts significantly higher open and response rates compared to emails. Studies have shown that SMS open rates can reach as high as 98%, while email open rates […]
How to get your USSD code as a lender in Ghana
Getting a USSD code as a lender in Ghana is a smart move. Mobile phone usage is nearly universal, with a mobile penetration rate exceeding 113%, due to the widespread use of multiple SIM cards. This makes mobile devices a powerful tool for businesses, particularly lenders, looking to connect with potential customers. For lenders, this […]
How to get lending license in Ghana
Getting a lending license in Ghana demands careful planning, from getting capital to building a strong operational foundation.
12 female CEOs shaping the Nigerian credit ecosystem
What sets these female CEOs apart isn’t just that they’ve made it to the top—it’s how they’ve done it, and we're in awe!
How lack of consequence for loan defaults is destroying the African credit ecosystem
Lack of loan default consequences is destroying Africa’s credit ecosystem from the inside out and it's causing a vicious cycle of distrust.
4 reasons why most loan defaulters are fraudsters
It’s time we stop sugarcoating this. Loan defaulters, in many cases, are fraudsters and here’s how they reveal themselves as such.
5 issues that lenders have with Nigerian credit bureaus
Before Nigerian credit bureaus were created, banks operated as lone wolves, reluctant to share credit information with third parties. They also didn’t have ways of knowing if a borrower had unpaid loans with other banks/financial institutions. As such, borrowers could easily secure multiple loans and cart away funds from different institutions without the lenders knowing. […]
Offline lending vs online lending: Pros and Cons
Not to declare one better than the other, but offline and online lending have their benefits and drawbacks.
