Get bank accounts and statements of your borrowers. Almost free.
Lending is a game of data â if you know as much as possible about your customer, you can make a good decision about if to give a loan, how much to give, or even for how long to give or not to give. However, getting this data is harder than breaking a coconut with […]
How to obtain a moneylenders’ license in Nigeria
Now that you have succeeded in your building efforts so far, you mustnât forget the final hurdle. You need a moneylenders license to operate your lending business in Nigeria.
5 reasons why borrowers donât come back
Many lenders focus heavily on acquisition but overlook a quieter, more costly problem: why borrowers donât return. The truth is, repeat borrowing isnât just about need; itâs about experience. When customers encounter hidden fees, rigid repayment structures, slow disbursements, poor communication, or feel unsupported during moments of financial stress, they remember. And when the next need arises, they donât come back, they look elsewhere. Understanding these friction points is critical, because in lending, retention is often the clearest signal of trust earned or lost.