How to use myBankStatement with Lendsqr for credit scoring
Engineering

How to use myBankStatement with Lendsqr for credit scoring

myBankStatement gives lenders access to key financial data, helping them make more informed decisions with a clearer view of borrowers' financial profiles.

5 ways to raise capital to bootstrap your loan business
Growth marketing

5 ways to raise capital to bootstrap your loan business

So, where do you start if you're looking to bootstrap your loan business? Let's explore five practical and proven methods for raising capital that won’t leave you with crippling debt or force you to give away chunks of your company.

A cultural view of loan defaults in Kenya
Industry Information

A cultural view of loan defaults in Kenya

Executive summary  From 2019 to 2024, Kenya experienced a steady rise in personal and consumer loan defaults, driven not just by economic challenges, but deeply rooted cultural behaviors, social expectations, and shifting attitudes towards debt. While formal banks, microfinance institutions, and mobile lenders expanded access to credit, repayment struggles mirrored longstanding cultural and communal dynamics. […]