When silence speaks volume: communicating with defaulters 101
Lender information

When silence speaks volume: communicating with defaulters 101

For small and medium lenders, communicating with defaulters is like walking a tightrope. Do it well; you might salvage the relationship and recover your money. Handle it poorly, and you risk losing not just your funds but also your reputation.

Who regulates lending in Zambia
Industry Information

Who regulates lending in Zambia

The answer to who regulates lending in Zambia depends entirely on what kind of lending you're doing. Zambia operates under a tiered regulatory system that separates financial institutions by their activities, capital requirements, and the level of risk they pose to the financial system. 

Are lenders evil for charging high interest rates?
Lending

Are lenders evil for charging high interest rates?

The average lender today typically charges 4% — 10% per month (48% — 120% per year). Whoa. It makes you wonder how they recover loans at these rates. At first glance, it seems outrageous, even exploitative but there’s more to the story when you consider the risks and costs lenders face in Nigeria’s financial landscape.