June 20, 2019
How to Sell Your Loan Products
In our posts on getting your lending business up and running, we mentioned that the next step after creating your loan products was to invite borrowers to view and apply for them. In this post, we will be talking a bit about that process, which is really all about “selling” your loan products. In that post, we also […]
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Wonder what types of loans exist? We’ve broken them down for you.
Now that you’ve decided to start your lending business, the next thing to do is, well, get to know the business! The first thing to learn about is the different types of loans that you can offer. There are many different types of loans so you can tailor your loan products to suit you and […]
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June 18, 2019
Five Reasons Why You Should Embrace the “Sharing Economy” Today
You may have heard countless times, the phrase “sharing economy.” It’s basically an umbrella term coined to describe social and economic activity of the new age. It is an economic system in which assets or services are shared between private individuals, either free or for a fee, typically by means of the Internet. As a […]
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June 11, 2019
Why Credit Scoring is Important to Lending
A big determinant in whether you decide to lend a borrower money or not is the confidence you have in the borrower’s ability and willingness to pay you back your money. We have mentioned before that their ability and willingness to return your money are two very different things. Just because someone has the means to pay their debts doesn’t mean […]
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June 9, 2019
The Know-how of Financial Lending
In a country like Nigeria, the quest for knowledge on financial literacy is growing. It is the hold of this knowledge, from understanding basic financial concepts, that allows individuals to make informed and effective financial decisions. It’s quite agreeable that people with better financial literacy training make better financial decisions. As the title of this […]
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June 6, 2019
How to assess the risks to a loan application
Assessing/evaluating a loan application is all about weighing the risk to your money. The more you can reduce or eliminate that risk, the better. It all boils down to your confidence in the applicant’s credit worthiness. Assessing a loan application is the process by which you determine if an applicant qualifies for your loan, and […]
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