Why borrowers repay more when they have something to lose
Loan repayment is often influenced by more than income or willingness to pay, it is also shaped by accountability. Borrowers are often more likely to repay when they have something meaningful to lose, and guarantors are one of the clearest examples of this dynamic. When a trusted friend, family member, or colleague stands behind a loan, repayment carries social, financial, and reputational consequences beyond the borrower alone. For lenders, guarantor-backed lending can strengthen repayment behavior while creating an added layer of confidence in credit decisions.
Frequently Asked Questions on National Credit Guarantee Company (NCGC)
Because the NCGC is still fairly new, many people are asking what it really does, how it works, and why it matters. To clear up some of the confusion, here are answers to some of the most common questions about the NCGC and its role in Nigeria’s credit space.
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.
