Hurdles to scale to become a lender
Becoming a lender is full of promise, but the road to scale is anything but simple. From compliance demands to data limitations, operational gaps, and the constant pressure to maintain healthy portfolios, new lenders face challenges that can quickly stall growth. Understanding these hurdles is the first step to building a lending business that is sustainable, competitive, and built to last.
What are the problems associated with lending money in Nigeria?
Every day, thousands of Nigerian lenders wake up to face a market thatâs equal parts promising and precarious. The nationâs vast population, entrepreneurial spirit, and rapidly growing SME sector make it an attractive ground for credit services. Over 40 million MSMEs account for nearly half of Nigeria’s GDP, and many of these businesses rely on […]
Download the FCCPC Digital Lending Regulations 2025
Nigeriaâs Federal Competition and Consumer Protection Commission (FCCPC) has published the Digital, Electronic, Online, or Non-Traditional Consumer Lending Regulations 2025. If you are in consumer lending, whether as a digital lender, app developer, service provider, or partner, these regulations are not optional. They define exactly how you can operate, the approvals you must get, and […]
