Expand your lending business with customer incentives
How to

Expand your lending business with customer incentives

Human psychology indicates that human beings make purchase decisions based on emotions which are subsequently justified by rational suggestions. According to Simon Sinek, it’s easier to sell a product that’s emotionally charged. This is where incentives come in. Humans as consumers generally respond to incentives as a big motivating factor for their purchase decisions. The […]

Urgent10k: Meeting the emergency cash needs of Nigerians
Lender case study

Urgent10k: Meeting the emergency cash needs of Nigerians

Understanding the consumer credit landscape in Nigeria Nigeria’s untapped consumer credit needs currently stands at about N109 trillion. While individuals and MSMEs in certain more developed economies are able to turn to the banks to fulfill their credit needs, the reality of accessing credit from banks for the average Nigerian is quite bleak. Out of […]

Lendsqr and Mono partner to power the next generation of lenders
Growth marketing

Lendsqr and Mono partner to power the next generation of lenders

Most Nigerians don’t have a credit history which affects lenders’ ability to assess loan applications and hence, limits borrowers’ access to credit. However, Lendsqr has partnered with Mono to provide lenders with customers’ bank statement data which assists them in making better informed decisions about borrowers’ capacity to repay their loans. Access to credit is […]