Word on the street: Loans are bad! Maybe not
The Nigerian’s perception of loans can be likened to the human’s fear of wild animals; scary! Okay, maybe that analogy is layered a little too thick, but you must agree that Nigerians hate loans which is ironic because when they eventually get them, they never payback. To the crux of the matter, why do loans have […]
Why Nigerians don’t pay their loans
The frustration that comes from not being able to recover your money because Nigerians don’t pay back their loans on time isn’t up for debate. After all, we all get replete with stories of the high and mighty, and the not so mighty, dragging it out with banks regarding bad loans. “The Nigerian attitude to […]
How Blocka Cash got its lending groove
Blocka Cash is one of the fastest growing and the easiest digital lenders in Nigeria with a clear ambition to become the lender of choice in a market where over N74 trillion of credit gap is a perennial problem.
Lending as a side hustle: What I need to know
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. Whatever your story is, the important thing is that you’re here to learn about lending as a side hustle
Why you need technology to scale your lending business
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 industry, banks were the known lending channels. But getting a loan from a bank […]
5 Tips that can help you become a more efficient lender
This article provides you with five essential tips to help you run a successful lending business and become a more efficient lender.
Why You Should Invest in a Lending Business
If you are interested in making extra cash by borrowing out some of your excess funds to individuals, then you consider investing in a lending business
How to Sell Your Loan Products
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, which is really all about “selling” your loan products.
Wonder what types of loans exist? We’ve broken them down for you
As a new lender, the most important information you will seek to find out is knowing what types of loans exists and what loans you can offer.
Five Reasons Why You Should Embrace the “Sharing Economy” Today
The phrase “sharing economy” is an umbrella term coined to describe social and economic activity of the new age.
Why Credit Scoring is Important to Lending
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 two very different things. Just because someone has the means to pay their debts doesn’t mean […]
The Know-how of Financial Lending
From understanding basic financial concepts, that allows individuals to make informed financial decisions. We help you understand financial lending that teaches you how to navigate lending.
