A cultural view of loan defaults in Kenya
Industry Information

A cultural view of loan defaults in Kenya

Executive summary  From 2019 to 2024, Kenya experienced a steady rise in personal and consumer loan defaults, driven not just by economic challenges, but deeply rooted cultural behaviors, social expectations, and shifting attitudes towards debt. While formal banks, microfinance institutions, and mobile lenders expanded access to credit, repayment struggles mirrored longstanding cultural and communal dynamics. […]

What you need to know to start lending in Ghana
Industry Information

What you need to know to start lending in Ghana

Your timing couldn’t be better. Ghana’s economy grew by 6.9% year on year in the second quarter of 2024.

How to use Route Mobile with Lendsqr for sending SMS
How to

How to use Route Mobile with Lendsqr for sending SMS

Once you have your Route Mobile API key, log in to your Lendsqr account. Reach out to our product support team at support@lendsqr.com and get set up in 10 minutes.