How the Lendsqr Karma service blocks bad actors and defaulters
The greatest weapon of most unrepentant serial loan defaulters is the “lack of updated information”. Bad actors know that lenders don’t share information amongst themselves so often. With an opportunity laid out for them, they take advantage by going from one lender to another causing great financial distress. This unfortunate circumstance is uncommon with any […]
A cultural view of loan defaults in Kenya
Executive summary From 2019 to 2024, Kenya experienced a steady rise in personal and consumer loan defaults, driven not just by economic challenges, but deeply rooted cultural behaviors, social expectations, and shifting attitudes towards debt. While formal banks, microfinance institutions, and mobile lenders expanded access to credit, repayment struggles mirrored longstanding cultural and communal dynamics. […]
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 âsellingâ your loan products.
