Word on the street: Loans are bad! Maybe not
why do loans have such a bad rep in Nigeria? Why do people liken loans to entrapment? Let’s dive in and find out why.
Why Nigerians don’t pay their loans
The frustration that comes from not being able to recover money because Nigerians don’t pay back their loans isn’t debatable. But, why don’t Nigerians pay back their loans?
How Blocka Cash got its lending groove
Blocka Cash is one of the fastest growing and the easiest digital lenders in Nigeria with a clear ambition to become the lender of choice in a market where over N74 trillion of credit gap is a perennial problem.
Attracting your ideal clientele as a lender
Attracting the right clients is essential for any lending business. Serving borrowers who match your risk profile and business goals not only improves repayment rates but also strengthens long-term growth. By clearly defining your ideal clientele and tailoring your marketing, communication, and service strategies to their needs, lenders can build trust, increase engagement, and minimize defaults. This article explores practical ways to identify, reach, and attract the borrowers who are the best fit for your lending business.
Lending as a side hustle: What I need to know
So, you want to branch out and earn some extra cash on the side. Becoming a small-scale lender might not have been the first idea on your list. Whatever your story is, the important thing is that you’re here to learn about lending as a side hustle
Why you need technology to scale your lending business
Scaling a lending business is not just about issuing more loans; it requires systems that can handle growth without increasing risk or operational strain. As loan volumes grow, manual processes become slower, errors increase, and decision-making becomes harder to manage. Technology helps lenders streamline operations, automate key processes, and maintain consistency while expanding their reach. Without the right tools in place, scaling sustainably becomes a significant challenge.
5 tips that can help you become a more efficient lender
This article provides you with five essential tips to help you run a successful lending business and become a more efficient lender.
A guide to promoting your lending business using digital channels
Promoting a lending business today requires more than word-of-mouth or traditional advertising. With more borrowers searching for financial services online, digital channels such as social media, search engines, and email have become essential for reaching the right audience. When used effectively, these platforms help lenders build trust, increase visibility, and connect with potential borrowers at scale. This guide explores practical ways lenders can use digital channels to grow their reach and attract more customers.
Invest in a lending business: Why and how to make profit from it
If you are interested in making extra cash by borrowing out some of your excess funds to individuals, then you consider investing in a lending business
How to sell your loan products
In our posts on getting your lending business up and running, we mentioned that the next step after creating your loan products was to invite borrowers to view and apply for them. In this post, we will be talking a bit about that process, which is really all about “selling” your loan products.
Wonder what types of loans exist? We’ve broken them down for you
As a new lender, the most important information you will seek to find out is knowing what types of loans exists and what loans you can offer.
