Are lenders evil for charging high interest rates?
The average lender today typically charges 4% â 10% per month (48% â 120% per year). Whoa. It makes you wonder how they recover loans at these rates. At first glance, it seems outrageous, even exploitative but thereâs more to the story when you consider the risks and costs lenders face in Nigeriaâs financial landscape.
Lendsqr or ApPello: Which is the best loan management software in Botswana?
Botswana’s lending landscape is transforming, and with it, the technology needs of lenders are changing too. Recent shifts in regulation, combined with an expanding appetite for digital financial services, have set the stage for a lending revolution. According to the Non-Bank Financial Institutions Regulatory Authority (NBFIRA), thereâs been a marked increase in the number of […]
Effective loan collections for lenders in South Africa
This article breaks down what effective loan collection looks like in the South African context, whatâs holding lenders back, and how to improve results without increasing risk.
