How to design a customer centric lending product
A good product is one which fits and addresses specific needs of the market. It’s almost impossible to gain market share or domination without tailoring one’s offerings to the needs of customers.
Preparing your income statement as a lender- management accounting 101
No one likes the boring routine of bookkeeping and punching in numbers; but management accounting is a highly important for your lending business.
Fund your lending business with on-lending facilities
Accessing funds to finance loans is a challenge for small and medium sized lenders. We’ll explore on-lending as a source of funding for lenders.
What is Lending-as-a-Service?
The first thing to note about lending-as-a-service (LaaS) is that it's in the business of technology. It's not a money lending business.
5 lending business activities to monitor daily
There are key lending business activities to monitor to ensure your lending business is on the right track and these article gives you exactly what to track.
How mobile SDK works for lending decisions
Lenders who are aware of the realities of credit in Nigerian use smart technologies called software development kits (SDK). They are able to program their mobile apps and offer some functionality they may otherwise not have access to.
How to assess loan applications for individual borrowers
Here's how to thoroughly assess loan applications for individual borrowers to reduce non-performing loans in your loan portfolio
How to start lending for free with Lendsqr
We provide the tools and expertise to help you lend and avoid common pitfalls, so you can focus on growing your customer base and building a successful lending business.
A borrower’s right to data privacy is not negotiable
Nothing gets your heart racing several miles per minute like the chance that you may not recover your loans right?
Are lenders evil for charging high interest rates?
The average lender today typically charges 4% — 10% per month (48% — 120% per year). Whoa. It makes you wonder how they recover loans at these rates. At first glance, it seems outrageous, even exploitative but there’s more to the story when you consider the risks and costs lenders face in Nigeria’s financial landscape.
Lendsqr’s guide to responsible lending
If you’re a lender reading this, you’re probably thinking you made the right choice entering this business, right? Lending can be rewarding, but the real question is whether you operate with responsible lending practices. Responsible lending is essential for protecting customers, strengthening your portfolio, and ensuring long-term sustainability. This guide explains what responsible lending means, why it matters, and how to apply it effectively.
