How to restructure loans and work with struggling borrowers
Loan restructuring is a common aspect of being a money lender. Borrowers, with sincere intentions to repay, often face hurdles such as economic shifts, unexpected emergencies, and other unforeseen circumstances. So, here are the ways you can help restructure loans for these borrowers.
Categories of low-risk borrowers lenders should target
Saying, “I don't want high-risk borrowers,” is one thing; articulating the low-risk customers you seek is another. We have done the grunt work of identifying and categorizing traditionally low-risk borrowers.
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.
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.
Handle payment collection like a pro with direct debit
Direct debit feature simplifies the payment collection process and enhances the monitoring of transactions.
Driving growth: How Government can boost economy via credit ecosystem
Read about how the government can drive economic growth through the credit ecosystem
234Loan is transforming lives, one loan at a time
234Loan is redefining access to credit by making it faster, simpler, and more accessible for everyday borrowers. By providing quick loans with minimal barriers, the platform is helping individuals meet urgent needs, support small businesses, and navigate financial challenges with greater confidence. As their journey progresses, 234Loan has expanded its reach while navigating both challenges and milestones along the way. Let’s take a closer look at how it all started and the story so far.
The risks and benefits of mobile apps for financial inclusion
Mobile apps have become a powerful tool for advancing financial inclusion, bringing credit, savings, and payment services closer to underserved populations. By lowering barriers to access and simplifying user experiences, they enable more people to participate in the financial system. However, this rapid expansion also introduces risks, including data privacy concerns, over-indebtedness, and the rise of unregulated or predatory platforms. Understanding both the opportunities and the challenges is essential for building solutions that are not only accessible, but also safe and sustainable.
How to utilize configurable loan forms for your lending business
Learn more about Lendsqr's configurable loan forms today!
Introducing third-party disbursement: A game-changing feature for lenders
Third-party disbursement can now be configured on loan products on your Lendsqr lender account. Learn more about Lendsqr third-party disbursement feature
