Industry Information
How to reduce loan defaults in Liberia: Best strategies for lenders
When we talk about loan defaults in Liberia, what usually comes to mind is poverty or bad borrowers. But beneath the surface, there are ignored factors that quietly make things worse. In this article, we explored the reasons behind Liberia’s loan default challenge and workable strategies that lenders can use to protect their portfolios while still empowering the people they serve.
License
How to get a lending license in Liberia
In Liberia, lending isn’t a free-for-all. The Central Bank of Liberia (CBL) regulates the financial sector and determines who can legally offer loans.
