APIs for lenders to reduce NPL
Information

APIs for lenders to reduce NPL

The threat that bad loans pose to lenders can’t be overemphasized. A lot of lenders have had to write off an alarming amount of non-performing loans (NPL). As a lender, a big concern you’re often confronted with is “what if they don’t pay back?” It’s imperative to be able to recover your loans. This is […]

How to get your SMS sender ID as a lender in Nigeria
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How to get your SMS sender ID as a lender in Nigeria

Nigeria's population of over 220 million people represents a massive potential customer base for businesses, particularly in the financial sector. Mobile penetration rates have reached 87% with 172 million mobile subscribers. This is why lenders must capitalize on SMS because it guarantees broad access to customers.

What is the loan recovery process?
Industry Information

What is the loan recovery process?

Loan recovery is about ethically stepping up efforts to retrieve what's owed to you, employing assertive tactics to ensure full repayment of the loan.