What are the problems associated with lending money in Nigeria?
Industry Information

What are the problems associated with lending money in Nigeria?

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
How to

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
How to

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
License

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.

13 female CEOs shaping the Nigerian credit ecosystem
Industry Information

13 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
Industry Information

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
Industry Information

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
Industry Information

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
Industry Information

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.

Make Better Informed Decisions

Our decision model Oraculi helps you handle all modules required to form the decision model for your lending business, convenient and easy.

hellustration svg
Paycient Finance is transforming healthcare with credit
Lender case study

Paycient Finance is transforming healthcare with credit

Thanks to Lendsqr, Paycient Finance was able to reach more healthcare providers and close the funding gap in Nigeria’s healthcare sector.

Starting lending in Canada? Here’s how to get licensed
License

Starting lending in Canada? Here’s how to get licensed

Getting a lending license in Canada involves understanding federal and provincial regulations because each has its own requirements.