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.
How to secure your Finance House license in Nigeria
Today, though, we’re diving into the nitty-gritty of how to get a Finance House license. Don’t worry. We’ll walk you through the steps and show you precisely what you need. But first, let’s do a quick refresher on what a Finance House license is all about.
5 things you need to do before you launch your loan app
You see, building an app is one thing. Launching it successfully? That’s an entirely different ballgame. Steve’s mistake? He rushed to market without setting up the right foundation. Today, we’ll help you avoid that mistake. If you’re thinking of launching a loan app, here are five things you absolutely must do first.
Why Lendsqr is Africa’s most affordable loan management software
The end-to-end loan management software that’s rewriting the rules for lenders globally by offering enterprise-grade features without the enterprise-grade costs.
5 ways to raise capital to bootstrap your loan business
So, where do you start if you're looking to bootstrap your loan business? Let's explore five practical and proven methods for raising capital that won’t leave you with crippling debt or force you to give away chunks of your company.
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.
What are the legal consequences of failed direct debit due to insufficient funds?
Today, we’ll look at the legal implications of failed direct debits in three very different places: Nigeria, the UK, and Dubai. Each country handles the situation differently, and the differences might surprise you.
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.
When silence speaks volume: communicating with defaulters 101
For small and medium lenders, communicating with defaulters is like walking a tightrope. Do it well; you might salvage the relationship and recover your money. Handle it poorly, and you risk losing not just your funds but also your reputation.
What repayment methods are available for lenders to get paid?
Ensuring that loans get repaid can be a real headache for lenders, and the stakes are high. Whether you’re looking for the steady reliability or quick turnarounds, each method provides a different way to manage and secure loan repayments.
