How to report unethical lenders
There are good and responsible lenders who recover loans ethically, but bad ones exist, too. If you find yourself a victim of predatory and unlawful lending practices, you can seek redress
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.
Why using bank statements is important for loan decisions
Bank statements have proven to be a solid tool for assessing a borrower’s capacity to take a loan. Sometimes, it may even be a means of assessing their character as well (Interesting right? Stay tuned).
Ethical ways to recover loans
Recovering loans ethically is one of the toughest challenges Nigerian lenders face. Contrary to common assumptions, the biggest obstacle isn’t funding, technology, or regulation, it’s the alarming reality that many Nigerians simply don’t pay back their loans. While financial hardship plays a part, a significant number of borrowers are willfully reluctant to repay. This article explores ethical, effective strategies lenders can use to recover loans without resorting to harassment or illegal practices.
Tell your lending story. Win N50,000! 🏆
Every lender has a story, the challenges, the breakthroughs, and the lessons that shaped their journey. Now’s your chance to share yours and win ₦50,000! 🏆 Whether you’re a micro-lender, digital lender, or traditional finance operator, we want to hear how you built, grew, or transformed your lending process. Your experience could inspire others and highlight what it really takes to succeed in lending.
We built Lendsqr to innovate affordable credit for all
At Lendsqr, our mission is to make credit accessible, affordable, and fair for all. In 2020, we pivoted to solve this problem, and by September, our first lenders were already reaping the benefits of cost-effective cloud lending at scale. We built a cloud lending ecosystem that goes beyond technology, offering powerful, automated features to streamline loan experiences and provide access to bank data that informs smarter lending decisions.
Lending as a side hustle: What I need to know
So, you want to branch out and earn some extra cash on the side. Becoming a small-scale lender might not have been the first idea on your list. Whatever your story is, the important thing is that you’re here to learn about lending as a side hustle
Five Tips on How to Become a Lender
The business of money lending in Nigeria is extremely lucrative. Becoming a lender is essentially one of the smartest ways to promote wealth building. With the right knowledge, becoming a lender can be an extremely lucrative business for anyone. This article provides you adequate knowledge on how to become a successful moneylender in Nigeria.
