Drafting a strategy for your lending business
The business strategy is the foundation of every business, it provides guidance to what the organization is set-up to achieve. The first step towards building a strong lending business, with long-term sustainable growth is having a clearly defined strategy. In simple terms, your strategy tells your stakeholders (internal and external) what your organization will be […]
Customer count or profitability: which is more important for a lender?
Running a lending business, as is the case with running any other business, requires business owners to make some tough decisions. Most lenders, especially those new to the lending business, are typically faced with the high-consequence question: âWhat should I primarily focus on -growing my customer count or growing profitably?â The former is concerned with […]
How to secure your Finance House license in Nigeria
Today, though, weâre diving into the nitty-gritty of how to get a Finance House license. Donât worry. Weâll walk you through the steps and show you precisely what you need. But first, letâs do a quick refresher on what a Finance House license is all about.
