The need for financial models to build a successful loan business
Financial models perform as business GPS for lenders to avoid roadblocks and predict financial performance. But there are more ways they empower lenders.
Important regulators every Nigerian lender should know
The ease at which one can wind up in trouble when handling money is unprecedented. For an industry as delicate as lending, it’s even 10x faster to end up in one regulatory mishap or the other. Unless you know your way around...
Essential platforms and tools to automate your lending business
Lending automation sets you up for measurable success, better customer relationship management, and overall business growth. Discover how!
Legal compliance pitfalls lenders must avoid in Nigeria
Gone are the days of loan-sharking tactics in Nigeria's modern, regulated lending ecosystem. Lenders who hope to make a lasting impact and withstand the hurdles in this space must be prepared to toe the line of honest, legal and ethical lending. Else, they risk being booted out of the ecosystem. Stay out of trouble with these 10 legal compliance areas.
How to find a profitable lending niche and target the right borrowers
As a loan business owner looking to succeed, scale and stand out in the lending ecosystem, you must recognize that you can’t lend to everyone. We’ve highlighted several ways to target the right borrowers and find a profitable niche.
4 alternative lending channels to reach underserved borrowers
Most African countries need easier access to credit. While there has been substantial progress over the past decade, access to finance remains a daunting constraint in Africa. So, how do we connect with these underserved populations and bring credit closer to them?
Key loan management software features for improved performance
Lending without technology is a step backwards which can adversely impact your profitability. To navigate the complexities of lending, having the right loan management software is indispensable.
Collect smarter, not harder: Ethical debt collection with technology
As a digital lender, how can technology be ethically employed for effective debt recovery? To find out how...
Can I use a cooperative license to lend in Nigeria?
One question that prospective Nigerian lenders always ask is if it’s legal to use a cooperative license to lend. Yes, it is.
Categories of low-risk borrowers lenders should target
Saying, “I don't want high-risk borrowers,” is one thing; articulating the low-risk customers you seek is another. We have done the grunt work of identifying and categorizing traditionally low-risk borrowers.
5 reasons why a digital lender must have a loan app
When starting as a digital lender, one is often faced with a big decision: Is an app a must-have or a pass? However, to truly hit it big, you need a loan app, and we have the reasons to guide you.
Does your loan business really need an app?
The truth is, most lenders don’t need to have a loan app, not only because of the stress of having one, but because the net impact on the business might even be negative.
