How to spot risky loan guarantors and protect yourself as a lender
A loan guarantor can reduce lending risk, but only if they are financially reliable and legally capable of meeting their obligations. Choosing the wrong guarantor can increase the likelihood of defaults and make loan recovery more difficult. This guide explains how to identify risky loan guarantors, the warning signs to watch for, and the best practices lenders can use to protect themselves before approving a loan.
10 intriguing facts about Lendsqr
Lendsqr is way more than a loan management platform. At the core of our services is a story. One woven with threads of innovation and, some might say intrigue.
How to use Loandisk with Lendsqr
LoanDisk helps lenders manage borrowers, loans, repayments, and customer records, while Lendsqr provides a broader lending infrastructure that supports loan origination, underwriting, collections, and automation. This guide explains how to use LoanDisk alongside Lendsqr, covering integration options, workflow considerations, data synchronization, and best practices for creating a more efficient lending operation across customer onboarding, loan management, and repayment tracking.
Essential platforms and tools to automate your lending business
Running a lending business manually can slow growth, increase operational costs, and expose lenders to unnecessary risk. The right technology stack can automate everything from customer onboarding and credit checks to loan disbursement, collections, reporting, and customer support. This guide explores the essential platforms and tools lenders need to streamline operations, improve borrower experiences, and scale efficiently in today's digital lending landscape.
How to use Paystack for your loan repayments on Lendsqr
As a digital money lender, you need different technologies to ensure you get paid back. Lendsqr has done a fantastic job of making all these technologies available to you. Paystack happens to be one of the companies we’ve integrated with and is available to all our lenders.
How to restructure loans and work with struggling borrowers
Loan restructuring is a common aspect of being a money lender. Borrowers, with sincere intentions to repay, often face hurdles such as economic shifts, unexpected emergencies, and other unforeseen circumstances. So, here are the ways you can help restructure loans for these borrowers.
How to find a profitable lending niche and target the right borrowers
As a loan business owner looking to succeed, scale and stand out in the lending ecosystem, you must recognize that you can’t lend to everyone. We’ve highlighted several ways to target the right borrowers and find a profitable niche.
4 alternative lending channels to reach underserved borrowers
Most African countries need easier access to credit. While there has been substantial progress over the past decade, access to finance remains a daunting constraint in Africa. So, how do we connect with these underserved populations and bring credit closer to them?
Can I use a cooperative license to lend in Nigeria?
One question that prospective Nigerian lenders always ask is if it’s legal to use a cooperative license to lend. Yes, it is.
Categories of low-risk borrowers lenders should target
Saying, “I don't want high-risk borrowers,” is one thing; articulating the low-risk customers you seek is another. We have done the grunt work of identifying and categorizing traditionally low-risk borrowers.
5 reasons why a digital lender must have a loan app
When starting as a digital lender, one is often faced with a big decision: Is an app a must-have or a pass? However, to truly hit it big, you need a loan app, and we have the reasons to guide you.