Key providers you need as a lender in Sierra Leone: Credit reporting agencies and more
If you think you have trust issues, try being a lender in Sierra Leone. It’s a constant battle to separate fact from fiction, and every loan feels like a gamble. In the second quarter of 2024, Sierra Leone’s NPL rate fell to 7.5%, a significant drop from 12.1% in 2023. Great news, right? But let’s […]
Lendsqr vs Simbuka as a loan management software in Rwanda
In Rwanda today, the number of active mobile subscriptions just crossed 13.3 million, a sign of how deeply technology has woven itself into the fabric of everyday life. Borrowers aren’t walking into bank branches anymore; they’re pressing buttons on their phones, expecting money to flow as seamlessly as their favorite TikTok videos. But behind the […]
Lendsqr vs Finastra as a loan management software in Sierra Leone
What do you look for in a loan management software? Ease of use, simplicity, and something that doesn’t require a PhD to operate, right? For anyone in the lending space in Sierra Leone, picking a loan management system isn’t just a tech decision—it’s life or death. A software that’s easy to use means faster loans, […]
Where to get 1,000,000 leones quickly in Sierra Leone
How does someone in Sierra Leone get their hands on 1,000,000 leones quickly when they need it? The truth is, most people in the country could really use that kind of money, but it’s not easy to come by. The average Sierra Leonean earns about 500,000 leones a month (around $24), and with that, they’re […]
How to get started as a lender in Sierra Leone
How do you start lending in a country where most people are still outside the formal financial system? In Sierra Leone, over 70% of the population are financially excluded. That means the majority of people don’t have access to bank accounts, loans, or digital payment options. This gap leaves many dependent on cash transactions, which […]
How to get a lending license in Sierra Leone
If you operate without a lending license in Sierra Leone, you shall be punishable by a fine not exceeding Le5,000,000, or by imprisonment for a term not exceeding 180 days, or both. But, that’s not the only reason why you need one, right? Predatory lending thrives in markets with no regulation. While there may be […]
Key providers for lenders in Namibia: Credit scoring, KYC, and payment
How are local lenders ensuring they don't take on too much risk? By relying on the right partners. Let’s break down the top players shaping the lending ecosystem in Namibia.
How to start a money lending business in Zambia
In Zambia today, many people are struggling to access the credit they need. Over 60% of adults can’t get loans or use formal banking services, and the situation is even tougher in rural areas, where nearly 80% of people are excluded from financial services altogether. While Zambia’s economy has grown over the years, much of […]
Best loan management software for Namibian lenders: Lendsqr vs. Delter IT
This article is here to help you decide between two platforms that claim they can turn your loan management into a smooth sailing experience: Lendsqr and Delter IT. But which one is actually built for the Namibian lending reality? Let’s get into it.
Best loan management software for Ghanaian lenders: Lendsqr vs. Business Warrior
Choosing the right loan management software between Lendsqr and Business Warrior could mean the difference between growth and stagnation for Ghanaian lenders. Ghana’s lending landscape is changing fast. Over the past five years, the financial sector has seen a significant shift towards digital lending, with mobile penetration rates surpassing 113%, according to GSMA Intelligence. This […]
Lendsqr vs Voxforem Technologies as a loan management software in Zambia
It’s an enlightening moment when you realize you need a loan management system to scale your business, and with it comes the burden of choice: which loan management system will keep you afloat and help you hit the ground running during the transition? Which one will fulfill its promise of helping you build a more […]
