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 […]
A1 Credit: Using digital channels to give loans to Nigerians and SMEs
A1 Credit is helping millions of Nigerians and small businesses get access to credit without asking for an arm and a leg.
Paystack vs. Flutterwave – which is better for loan collection?
This is where many lenders get into arguments about which of Flutterwave or Paystack is better for loan collection. We decided to find out for our lenders.
FCCPC regulations for digital lenders
The Federal Competition and Consumer Protection Commission (FCCPC); the regulatory agency responsible for ensuring consumer protection and regulating competition in Nigeria, recently released a Limited Interim Regulatory/Registration Framework for Digital Lending. This regulatory framework is enforceable whilst they work on a more comprehensive framework to guide the operations of digital lenders in Nigeria. The Commission […]
How to grow your customer base as a lender
Growing your customer base as a lender requires more than just offering loans. It’s about understanding your market, building trust, leveraging digital channels, and creating experiences that keep borrowers coming back. This guide explores actionable strategies to attract and retain clients effectively.
CBN’s Global Standing Instruction (GSI) explained
Understand what the CBN's Global Standing Instruction (GSI) is and how it affect loan repayments within the Nigerian financial ecosystem
APIs for lenders to reduce NPL
Integrations via API to other ancillary platforms are key to ensuring your loans are paid back. They allow you to leverage on the tech, data and functionalities of the best providers to improve the quality of your loan flow.
What makes a great loan management software
Whether you decide to build your loan software or use a LaaS platform like Lendsqr, consider these things
What is Lending-as-a-Service?
The first thing to note about lending-as-a-service (LaaS) is that it's in the business of technology. It's not a money lending business.
How to report unethical lenders
There are good and responsible lenders who recover loans ethically, but bad ones exist, too. If you find yourself a victim of predatory and unlawful lending practices, you can seek redress
How mobile SDK works for lending decisions
Lenders who are aware of the realities of credit in Nigerian use smart technologies called software development kits (SDK). They are able to program their mobile apps and offer some functionality they may otherwise not have access to.
