Meet Adjutor: Your critical support for making better credit decisions
Nothing scares a lender more than giving loans to someone who doesn’t make the cut right from the start due to lack of affordable API service. Having sufficient data provides lenders with better assurance when lending to borrowers with a credible history of repayment. Unfortunately, as much as data and algorithms are good for smart […]
Paystack vs. Flutterwave – which is better for loan collection?
This is where many lenders get into arguments about which of Flutterwave or Paystack is better for loan collection. We decided to find out for our lenders.
Urgent10k: Meeting the emergency cash needs of Nigerians
Nigeria’s untapped consumer credit needs currently stands at about N109 trillion. Urgent10k is meeting the emergency cash needs of Nigerians
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.
What do borrowers want from lenders?
This article details the insights drawn from the results of our survey regarding the deciding factors for borrowers when selecting a lender.
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.
How to grow your customer base as a lender
A solid customer base is a sign of a healthy business and the quarter on quarter growth is a metric that every smart investor peers at with eagle eyes.
Fund your lending business with on-lending facilities
The credit gap in Nigeria is massive, at over 74 trillion. However, there are still not enough loans to go around for everyone who needs them. Beyond the tech to scale, lenders also need the capital to lend. How many loans could a startup lender possibly give from bootstrapping? Say a lender starts with N10m […]
How to provide the best customer experience as a lender
Learn ways you can enhance your customers’ experience to drive retention and grow your customer base
Importance of credit scoring for loan decisions
Credit scoring has revolutionized the financial landscape by replacing gut feeling with data-driven precision. By analyzing a borrower’s financial history lenders can accurately predict risk in seconds. This systemic approach doesn't just protect financial institutions from defaults; it democratizes access to capital, allowing for faster processing times and more competitive interest rates for reliable borrowers. In short, the credit score is the gatekeeper of financial opportunity.
CBN’s Global Standing Instruction (GSI) explained
Understand what the CBN's Global Standing Instruction (GSI) is and how it affect loan repayments within the Nigerian financial ecosystem
