When to go legal with loan defaulters
Industry Information

When to go legal with loan defaulters

Whether you're a small lender or a big institution, the decision to pursue legal action against a defaulter is governed by various factors, including the loan type, the borrower's behavior, and, most importantly, the legal framework in your jurisdiction.

Offline lending vs online lending: pros and cons
Industry Information

Offline lending vs online lending: pros and cons

Not to declare one better than the other, but offline and online lending have their benefits and drawbacks.

Lendsqr and Mono partner to power the next generation of lenders
Growth marketing

Lendsqr and Mono partner to power the next generation of lenders

Most Nigerians don’t have a credit history which affects lenders’ ability to assess loan applications and hence, limits borrowers’ access to credit. However, Lendsqr has partnered with Mono to provide lenders with customers’ bank statement data which assists them in making better informed decisions about borrowers’ capacity to repay their loans. Access to credit is […]