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Category: Lending

So, you want to branch out and earn some extra cash on the side. Becoming a small-scale lender might not have been the first idea on your list. It might not have even been the tenth. Maybe you’re on this page …
We’re in an age where technology shapes our lives. Technology impacts almost every sector of human life and businesses are not excluded. Today, technology is causing a revolution in the lending industry. For a long time, before technology improved the Fintech …
Too many people start a business without considering obtaining skills that’ll help the business succeed. The requirement goes beyond dedication to sustain a successful business. You can achieve business success by planning out all the necessary steps you need to achieve …
Would you be interested to make extra cash, borrowing out some of your excess funds to individuals? If yes, then you should consider investing in a lending business; popularly known as consumer lending. The lending business is on the rise as …
In our posts on getting your lending business up and running, we mentioned that the next step after creating your loan products was to invite borrowers to view and apply for them. In this post, we will be talking a bit about that process, …
A big determinant in whether you decide to lend a borrower money or not is the confidence you have in the borrower’s ability and willingness to pay you back your money. We have mentioned before that their ability and willingness to return your money are …
In a country like Nigeria, the quest for knowledge on financial literacy is growing. It is the hold of this knowledge, from understanding basic financial concepts, that allows individuals to make informed and effective financial decisions. It’s quite agreeable that people …
Assessing/evaluating a loan application is all about weighing the risk to your money. The more you can reduce or eliminate that risk, the better. It all boils down to your confidence in the applicant’s credit worthiness. Assessing a loan application is …
How to assess the risks to a loan application

Category: Lending