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.
7 reasons why your loan business struggles to attract borrowers
So, you've kicked off your loan business. Now, you’re expecting a surge of customers. Despite your best efforts, the expected influx of customers hasn't materialized. Find out the possible reasons for low borrower numbers in your loan business.
5 reasons why manual loan booking is still relevant for lending
While we are glad that digital lending has come to stay, millions of Africans remain left behind with little to no access to credit. Find out how manual loan booking is relevant in bridging the credit gap.
Is your loan business truly financially inclusive?
Are you truly "Granting credit access to the underserved"? Is it just a spiel that you tell your customers and investors to give them more trust in your business? Find out if your loan business is truly inclusive.
Coverdey dey for you: Empowering underserved traders with credit
Many up-and-coming lenders claim to be financially inclusive and say they are bridging the credit gap. However, not many are truly bringing credit closer to the often marginalized populace. That is, until Coverdey.
What problem is Lendsqr solving for lenders?
At Lendsqr, we believe that just like the way the internet created a level playing field and ushered Africa into the modern age, technology for lending should be powerful, accessible, and affordable.
What you need to know about Nigeria’s Open Banking
Two years after the first Open Banking framework circular was released, the CBN issued operational guidelines for Open Banking on Tuesday, March 7, 2023, heralding a start for what many anticipated would bring about a much-needed change in financial services.
Combating fraud in the lending ecosystem: Your role as a digital lender
Fraudsters bank on your silence and my silence to thrive; they are aware that their victims will stay quiet, as they may face jeers and sneers if they admit to getting scammed. Hence, these grifters continue to succeed in their dishonest schemes. How then do we combat fraud?
The possible upsides of making GSI the go-to loan repayment method
The Federal government initiated the Global Standing Instruction (GSI) to nip the issue of non-performing loans and unrepentant loan defaulters in the bud. Unfortunately, the implementation of this very powerful tool has been limited.
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.
What it takes to be a digital money lender
Fintech, especially digital lending, is one of the fastest growing sectors in every economy in the world. It’s no surprise that everyone wants to dabble into digital lending as their first foray into the exciting and extremely innovative world of fintech. But should you be a digital lender?
Handle payment collection like a pro with Direct debit
Several moons ago, we told you about our new Direct debit feature and how soon it would be available for our lenders. We're proud to announce that "we did a thing" with the new direct debit feature.
