Don’t have access to GSI? Use direct debit to achieve same result
With the right strategies in place, you can substitute GSI with direct debit and still achieve similar results. Let’s break this down.
When to go legal with loan defaulters
Whether you're a small lender or a big institution, the decision to pursue legal action against a defaulter is governed by various factors, including the loan type, the borrower's behavior, and, most importantly, the legal framework in your jurisdiction.
13 female CEOs shaping the Nigerian credit ecosystem
What sets these female CEOs apart isn’t just that they’ve made it to the top—it’s how they’ve done it, and we're in awe!
How lack of consequence for loan defaults is destroying the African credit ecosystem
Lack of loan default consequences is destroying Africa’s credit ecosystem from the inside out and it's causing a vicious cycle of distrust.
Credit bureaus not enough? Try these alternatives
Credit bureaus are supposed to be the backbone of the lending process, yet they often fall short. Let’s explore three other alternatives
4 reasons why most loan defaulters are fraudsters
It’s time we stop sugarcoating this. Loan defaulters, in many cases, are fraudsters and here’s how they reveal themselves as such.
5 issues that lenders have with Nigerian credit bureaus
Before Nigerian credit bureaus were created, banks operated as lone wolves, reluctant to share credit information with third parties. They also didn’t have ways of knowing if a borrower had unpaid loans with other banks/financial institutions. As such, borrowers could easily secure multiple loans and cart away funds from different institutions without the lenders knowing. […]
Offline lending vs online lending: Pros and Cons
Not to declare one better than the other, but offline and online lending have their benefits and drawbacks.
3 reasons why direct debit hasn’t become a hit in Nigeria
We've championed direct debit as a better solution for loan repayments and recovery. For its efficiency and simplicity.
Why direct debit is the silent hero of loan recovery in Nigeria
Unlike cards, direct debit cuts through the noise, offering a simpler and dependable way to ensure payments are made on time, every time.
Why GSI fails for borrowers with unpredictable income
Today, we’ll be highlighting three major challenges lenders may encounter when using GSI to recover loans from borrowers with unpredictable income:
How Bento, NotchHR, and SeamlessHR are using loans to transform HR SaaS
The future of HR SaaS in Nigeria is bright thanks to Bento, SeamlessHR and NotchHR and the industry is on track for explosive growth.
