5 issues that lenders have with Nigerian credit bureaus
Before Nigerian credit bureaus were created, banks operated as lone wolves, reluctant to share credit information with third parties. They also didn’t have ways of knowing if a borrower had unpaid loans with other banks/financial institutions. As such, borrowers could easily secure multiple loans and cart away funds from different institutions without the lenders knowing. […]
How mobile SDK works for lending decisions
Lenders who are aware of the realities of credit in Nigerian use smart technologies called software development kits (SDK). They are able to program their mobile apps and offer some functionality they may otherwise not have access to.
How to secure a loan without collateral
Loans are frequently tied to collateral. However, what isn’t commonly known is that not all loans require it. So how do lenders handle such risky loans?