Importance of credit scoring for loan decisions
“What if they don’t pay back?” If we had to compile a list of questions frequently asked by lenders, this would probably be top of the list. It’s the biggest and most terrifying question a lender is faced with when assessing a loan application.Lenders in Nigeria are constantly forced to confront the reality that Nigerians don’t […]
How to start a money lending business in Zambia
In Zambia today, many people are struggling to access the credit they need. Over 60% of adults can’t get loans or use formal banking services, and the situation is even tougher in rural areas, where nearly 80% of people are excluded from financial services altogether. While Zambia’s economy has grown over the years, much of […]
What collateral options exist for SME loans?
This article breaks down the collateral options that actually exist for SME loans in African markets today, focusing on what lenders accept in practice, how these options behave during default, and what trade offs come with each approach.
