Can I use a cooperative license to lend in Nigeria?
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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.

Lendsqr and Mono partner to power the next generation of lenders
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Lendsqr and Mono partner to power the next generation of lenders

Most Nigerians don’t have a credit history which affects lenders’ ability to assess loan applications and hence, limits borrowers’ access to credit. However, Lendsqr has partnered with Mono to provide lenders with customers’ bank statement data which assists them in making better informed decisions about borrowers’ capacity to repay their loans. Access to credit is […]

APIs for lenders to reduce NPL
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APIs for lenders to reduce NPL

The threat that bad loans pose to lenders can’t be overemphasized. A lot of lenders have had to write off an alarming amount of non-performing loans (NPL). As a lender, a big concern you’re often confronted with is “what if they don’t pay back?” It’s imperative to be able to recover your loans. This is […]