How to find a profitable lending niche and target the right borrowers
As a loan business owner looking to succeed, scale and stand out in the lending ecosystem, you must recognize that you can’t lend to everyone. We’ve highlighted several ways to target the right borrowers and find a profitable niche.
7 strategies to avoid SME loan defaults as a Nigerian Lender
While SMEs are generally considered low-risk borrowers, given the ease of verifying their operations through cash flow assessments, on-ground assessments and more. Lending to them is not without its challenges. We’ve done the grunt work for you. Learn the strategies to avoid SME loan defaults as a Nigerian lender.
4 alternative lending channels to reach underserved borrowers
Most African countries need easier access to credit. While there has been substantial progress over the past decade, access to finance remains a daunting constraint in Africa. So, how do we connect with these underserved populations and bring credit closer to them?
Key loan management software features for improved performance
Lending without technology is a step backwards which can adversely impact your profitability. To navigate the complexities of lending, having the right loan management software is indispensable.
Collect smarter, not harder: Ethical debt collection with technology
As a digital lender, how can technology be ethically employed for effective debt recovery? To find out how...
Can I use a cooperative license to lend in Nigeria?
One question that prospective Nigerian lenders always ask is if it’s legal to use a cooperative license to lend. Yes, it is.
Categories of low-risk borrowers lenders should target
Saying, “I don't want high-risk borrowers,” is one thing; articulating the low-risk customers you seek is another. We have done the grunt work of identifying and categorizing traditionally low-risk borrowers.
5 reasons why a digital lender must have a loan app
When starting as a digital lender, one is often faced with a big decision: Is an app a must-have or a pass? However, to truly hit it big, you need a loan app, and we have the reasons to guide you.
How to differentiate your loans in a crowded market
In today’s competitive lending space, offering loans is no longer enough. Borrowers now have countless options, making differentiation a key factor for lenders looking to stand out. From flexible repayment structures and faster approvals to niche-focused products and better customer experience, successful lenders are finding new ways to make their offerings more attractive. This article explores practical strategies lenders can use to differentiate their loans in a crowded market and build stronger customer loyalty.
Does your loan business really need an app?
Many lending businesses assume that launching a mobile app is the next step to growth, but is it always necessary? While apps can improve accessibility and customer engagement, they also come with development, maintenance, and adoption costs. For some lenders, a responsive web platform or alternative digital channels may be more effective and cost-efficient. This article explores the factors lenders should consider before deciding whether their loan business truly needs an app.
How to get your FCCPC license as a Nigerian digital lender
As digital lending continues to grow in Nigeria, regulatory compliance has become increasingly important for lenders operating in the space. One of the key requirements for digital lenders is obtaining an FCCPC license, which helps ensure transparency, consumer protection, and legal operation. However, many lenders are still unclear about the process, requirements, and documentation involved. This article breaks down how Nigerian digital lenders can apply for and obtain their FCCPC license successfully.