Get bank accounts and statements of your borrowers. Almost free.
Lending is a game of data – if you know as much as possible about your customer, you can make a good decision about whether to give a loan, how much to give, or even for how long to give or not to give. However, getting this data is harder than breaking a coconut with one’s head.
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.
How to get started as a lender in Uganda
To operate legally and protect yourself from heavy penalties, you need to follow a structured path. We’ve broken down the process into easy-to-follow steps so that you can start lending responsibly and grow your loan business the right way.