Why using bank statements is important for loan decisions
How to

Why using bank statements is important for loan decisions

Perhaps the greatest head-scratcher for lenders is the fact that an average Nigerian doesn’t have a credit report (yikes!) but bank statements have proven to be a solid tool for assessing a borrower’s capacity to take a loan. Sometimes, it may even be a means of assessing their character as well (Interesting right? Stay tuned). […]

How to use Mifos X and Apache Fineract with Lendsqr as a core banking system
How to

How to use Mifos X and Apache Fineract with Lendsqr as a core banking system

Traditionally, implementing a new core banking system can take upwards of six months. Lendsqr dramatically quickens this process with pre-built integration adapters.

Should I lend to this customer? A guide to risk assessment
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Should I lend to this customer? A guide to risk assessment

For any lending business to be profitable, a lender must be assured of recovering their loan. Here are a few practical guides on how to determine if you should lend to a borrower or not.