Fund your lending business with on-lending facilities
How to

Fund your lending business with on-lending facilities

The credit gap in Nigeria is massive, at over 74 trillion. However, there are still not enough loans to go around for everyone who needs them. Beyond the tech to scale, lenders also need the capital to lend. How many loans could a startup lender possibly give from bootstrapping? Say a lender starts with N10m […]

Frequently asked questions on loans powered by Remita
Industry Information

Frequently asked questions on loans powered by Remita

This article explains how Remita Direct Debit works, who can use it, its limitations, and how lenders can leverage it to improve repayment consistency.

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

Nigeria's population of over 220 million people represents a massive potential customer base for businesses, particularly in the financial sector. Mobile penetration rates have reached 87% with 172 million mobile subscribers. This is why lenders must capitalize on SMS because it guarantees broad access to customers.