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.
A cultural view of loan defaults in Malawi
Executive Summary Between 2019 and 2024, Malawi has seen both a rapid expansion in personal lending and a growing struggle with defaults. While commercial banks, microfinance institutions (MFIs), savings and credit cooperatives (SACCOs), village savings and loan associations (VSLAs), and new digital lenders have opened up access to credit, many Malawians still find it difficult […]
Credit union vs Money lenders: A comparative overview
Your rent is due in a few days, or your business needs a quick cash injection to restock inventory. Maybe it’s a medical emergency, and you need funds immediately. Where do you turn? Traditional banks? Not always an option, especially when you don’t have the collateral, credit history, or time to go through the long […]