Why lenders and borrowers need credit-life insurance
The lending business places a high value on risk management. While lending firms want to assist people reach their financial goals, they often confront major challenges in collecting loan payments. Credit-life insurance is a solid alternative for lending institutions to protect themselves against borrower default due to unforeseen life circumstances. Not only does it reduce […]
How to get a lending license in Malawi
In Malawi, where approximately 54% of the population lives below the poverty line, accessing financial resources remains a significant challenge. Many Malawians harbor dreams of entrepreneurship, yet the lack of capital often prevents them from turning those dreams into reality. The limited availability of formal lending options leads to missed opportunities and unfulfilled potential, leaving […]
How to get started as a lender in Malawi
Raheem stood before his almost empty stall, hands akimbo, his mind racing. Just last week, he had to turn away eager customers because he couldn’t afford to restock. It’s a familiar scene: vibrant market stalls filled with potential, yet many vendors lack the capital to thrive. This is where you come in. Imagine not just […]
Key providers for lenders in Uganda: Credit scoring, KYC, and payment
Running a successful lending business in Uganda today goes beyond having enough capital; it’s all about having the right tools and partnerships. In Uganda’s fast-growing financial landscape, effective risk management is the name of the game, and to stay ahead, lenders need access to reliable credit information, robust compliance systems, and seamless payment solutions. Credit […]
Best loan management software for Ugandan lenders: Lendsqr vs. Ssentezo
The financial landscape in Uganda is changing rapidly, with more people seeking access to credit than ever before. The demand for credit is surging from small businesses looking for working capital to individuals needing personal loans. According to the Bank of Uganda, the number of credit-active consumers is growing steadily, driven by increased mobile penetration […]
What you need to know to start lending in Ghana
Your timing couldn’t be better. Ghana’s economy grew by 6.9% year on year in the second quarter of 2024.
How to get started as a lender in Uganda
In Africa, entrepreneurship is second nature. Take Uganda, for example. Everywhere you look, small businesses are thriving: street vendors selling fresh produce, boda-boda riders zipping through traffic, and local shops full of everyday hustle. There’s energy in the air, a sense that everyone’s pushing forward. But if you dig a little deeper, you’ll find a […]
Key providers for lenders in South Africa: Credit scoring, KYC, and payment
Running a successful lending business anywhere in the world today hinges on one critical factor: access to the right integration. In an industry where risk management is key, leveraging the right tools and partnerships can make or break a lender’s ability to thrive. This is where credit bureaus, credit scoring, Know Your Customer (KYC) infrastructure […]
Best loan management software in South Africa: Lendsqr vs. ACPAS
While both ACPAS and Lendsqr provide loan technology, they offer unique features to meet lenders' needs. But which one is right for you?
How to get started as a lender in South Africa
Thabo noticed a troubling pattern in his community. People were stuck in a relentless cycle of debt, borrowing from mashonisas (Local name for unregistered lenders) ) at crippling interest rates. Despite their sky-high fees, the residents had little choice. Formal credit options were scarce, and when cash ran low, shady lenders seemed to be the […]
How to get a lending license in South Africa
What started as a tiny tuck shop selling ice-cold drinks for Khaya soon evolved into something much bigger. However, it wasn’t long before customers, in between chatting about football and weekend plans, began to ask for small loans — a few rands here, a couple there, just enough to cover groceries or pay school fees. […]
How Lendsqr’s AI Agent empowers lenders: A case study
Earlier this year, Lendsqr set out to test how well a generative AI could support its internal teams. Using OpenAI’s custom GPT, they created a Lendian GPT specifically for their Product Support team, and it worked like a charm.
