Customer count or profitability: which is more important for a lender?
Growth marketing

Customer count or profitability: which is more important for a lender?

Running a lending business, as is the case with running any other business, requires business owners to make some tough decisions. Most lenders, especially those new to the lending business, are typically faced with the high-consequence question: “What should I primarily focus on -growing my customer count or growing profitably?” The former is concerned with […]

The hidden costs of cheap lending software
Lender information

The hidden costs of cheap lending software

What many lenders discover later is that “cheap” often means paying the same money in other ways, only with more stress involved.

How to secure your MFB license in Nigeria
License

How to secure your MFB license in Nigeria

When it lending is large-scale, the options are usually finance houses and MFBs. Today, we’ll cover the processes and requirements to obtain the MFB license.