Combating fraud in the lending ecosystem: Your role as a digital lender
Fraudsters bank on your silence and my silence to thrive; they are aware that their victims will stay quiet, as they may face jeers and sneers if they admit to getting scammed. Hence, these grifters continue to succeed in their dishonest schemes. How then do we combat fraud?
The possible upsides of making GSI the go-to loan repayment method
The Federal government initiated the Global Standing Instruction (GSI) to nip the issue of non-performing loans and unrepentant loan defaulters in the bud. Unfortunately, the implementation of this very powerful tool has been limited.
Should I lend to this customer? A guide to risk assessment
For any lending business to be profitable, a lender must be assured of recovering their loan. Here are a few practical guides on how to determine if you should lend to a borrower or not.
What it takes to be a digital money lender
Fintech, especially digital lending, is one of the fastest growing sectors in every economy in the world. It’s no surprise that everyone wants to dabble into digital lending as their first foray into the exciting and extremely innovative world of fintech. But should you be a digital lender?
Handle payment collection like a pro with Direct debit
Several moons ago, we told you about our new Direct debit feature and how soon it would be available for our lenders. We're proud to announce that "we did a thing" with the new direct debit feature.
Driving growth: How Government can boost economy via credit ecosystem
Read about how the government can drive economic growth through the credit ecosystem
How direct debit is simplifying payment collection!
Read how direct debit is simplifying payment collection!
How to utilize configurable loan forms for your lending business
Learn more about Lendsqr's configurable loan forms today!
Reach more customers with the Lendsqr offline loan feature
As a digital lender, there are so many things to consider when creating your loan portfolio. How do you create the perfect products that would reach your ideal target customer? What if your target customer base may not be tech-savvy or does not have access to the internet at all? How do you cater to […]
How the Lendsqr Karma service blocks bad actors and defaulters
The greatest weapon of most unrepentant serial loan defaulters is the “lack of updated information”. Bad actors know that lenders don’t share information amongst themselves so often. With an opportunity laid out for them, they take advantage by going from one lender to another causing great financial distress. This unfortunate circumstance is uncommon with any […]
Drafting a strategy for your lending business
The business strategy is the foundation of every business, it provides guidance to what the organization is set-up to achieve. The first step towards building a strong lending business, with long-term sustainable growth is having a clearly defined strategy. In simple terms, your strategy tells your stakeholders (internal and external) what your organization will be […]
