Building the right culture in your lending business
Building a lending business goes beyond credit models and technology. Culture is the real engine that keeps everything running smoothly. The right culture shapes how teams make decisions, handle risk, serve customers, and adapt to change. In this article, we break down the core elements of a strong lending culture and how they directly influence long-term success.
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.
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
Requirements for a moneylenders license in Nigeria
For those who want to lend strictly without offering other banking or financial services, we'll show you the requirements for a moneylender's license.
Which is better for loan repayments: Cards or Direct Debit?
Explore the use of debit cards and direct debit as options for lenders and which is more effective for loan recovery
What makes a great loan management software
Whether you decide to build your loan software or use a LaaS platform like Lendsqr, consider these things
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.
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
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.
