Frequently Asked Questions about MFB license
This FAQ is written for founders, operators, investors, and lending teams who are either planning to apply for a MFB license or already exploring what running one actually involves.
How lack of consequence for loan defaults is destroying the African credit ecosystem
Lack of loan default consequences is destroying Africa’s credit ecosystem from the inside out and it's causing a vicious cycle of distrust.
Can I use a state money lending license to lend anywhere in Nigeria?
As a lender new to the game, one of the foremost questions you’re likely to have is how possible it is to use a state money lending license to lend anywhere and to anyone in Nigeria, especially with the rise of digital lending.
