How to get started as a lender in South Africa
Thabo noticed a troubling pattern in his community. People were stuck in a relentless cycle of debt, borrowing from mashonisas (Local name for unregistered lenders) ) at crippling interest rates. Despite their sky-high fees, the residents had little choice. Formal credit options were scarce, and when cash ran low, shady lenders seemed to be the […]
How to get a lending license in Sierra Leone
If you operate without a lending license in Sierra Leone, you shall be punishable by a fine not exceeding Le5,000,000, or by imprisonment for a term not exceeding 180 days, or both. But, thatâs not the only reason why you need one, right? Predatory lending thrives in markets with no regulation. While there may be […]
Don’t have access to GSI? Use direct debit to achieve same result
With the right strategies in place, you can substitute GSI with direct debit and still achieve similar results. Letâs break this down.
