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.
How Africans can use MPower to finance their student loans in the US and Canada
If you’re serious about studying in the U.S. or Canada, this article is an in-depth exploration of how African students can effectively access MPOWER loans, what the process truly entails, and the often-overlooked details that can make the difference between approval and delay.
15 CEOs in East Africa shaping its lending landscape
East Africa’s financial ecosystem is a story of ambition and ingenuity. Over the past decade, this region has seen a remarkable shift in how credit is accessed and delivered, powered by bold leaders who dared to reimagine lending. It’s no coincidence that East Africa is now regarded as a global hotspot for fintech innovation. In […]
