Lendsqr

How to

How to assess loan applications for individual borrowers

While lending is globally known to be very profitable, after all even in the bad economy of Nigeria, banks routinely deliver superlative returns, the thoughts of Non Performing Loans (NPL) ratios would make any lender worry . The reputation of Nigerians …

Dara from Lendsqr

Lending

How to start lending for free with Lendsqr

A typical state lender who has about N20 million capital is targeting the working class Nigeria, targeting loan sizes of N30,000 to N150,000. Knowing they stand no chance of growing the business if they demand their borrowers come to an office, …

Dara from Lendsqr

Growth marketing

Boosting your lending app rating on Google and Apple app stores

Think about all the apps you’ve installed over the last few years. What was the first thing that caught your eye and would ultimately determine whether you would proceed to download the app or bypass it in search of a better …

Dara from Lendsqr

Growth marketing

Lendsqr partners with Freshworks to support startup lenders with $10k credit

Lendsqr has partnered with Freshworks to bring advanced back-office tools that make it easier to deliver a seamless customer and employee management experience. …

Dara from Lendsqr

Growth marketing

Hurdles to scale to become a lender

Lending is a profitable business and is probably as old as time itself. Lending has subsequently evolved into fintech, which when done well, grows faster and attracts significant valuations than traditional banks. But lending is a tough business and those who …

Dara from Lendsqr

Growth marketing

Lendsqr and Mono partner to power the next generation of lenders

Access to credit is a major pain point for millions of Africans and Nigerians in particular; from the small business owner who needs capital to grow their business, to the average salary earner who needs a loan for an emergency. Usually, …

Dara from Lendsqr

Growth marketing

A borrower’s right to data privacy is not negotiable

Nigerians don’t pay back their loans Take a moment to think about how much effort and resources went into launching your digital lending business and look with optimism on the challenges that may lie ahead; nothing gets your heart racing several …

Adedeji Olowe

Growth marketing

Ethical ways to recover loans

A not-so-fun fact you need to know about running a lending business is that the biggest challenge every Nigerian lender faces is not technology, capital or regulatory constraints, but how to recover loans and the scary fact is that Nigerians don’t …

Dara from Lendsqr

Growth marketing

Are lenders evil for charging high interest rates?

You should see Nigerians talk about politics and governance: the passion, anger, exasperation, pain, conviction, contempt. Then, you should see Nigerians talk about the high interest rates lenders charge: the passion, anger, exasperation, pain, conviction, contempt. After politics, high interest rates …

Dara from Lendsqr

Growth marketing

Lendsqr’s guide to responsible lending

Credit is one of the surest ways to grow an economy and bring smiles to the faces of small business owners, artisans trying to finish a supply, and fathers trying to provide for their families. If you’re a lender reading this, …