If you are a SME owner in Nigeria struggling to manage your finances, then Lidya Collect is here to help. With Lidya you will be able to digitize consumer repayment programs that include several banks. It enables business owners to electronically automate and improve their debtor money recovery and client repayment processes. As the client payback plans cover various banks and are paid straight into their Lidya Wallet, it is expanding by liberating its resources, enhancing the cash flow, and raising revenue and corporate margins. So what else does Lidya Collect have to offer? Let us jump right in and…
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As the year 2022 is coming to an end, it is time to take a final look at your business and figure out how you can meet your goals by the end of the year. One of the first steps in developing your business is setting goals. Business objectives drive successful companies of all sizes. With them, you can move from where you are to where you desire to be in your business. While most individuals know how important it is to set goals, accomplishing them can be challenging. Beyond your business concept, establishing goals is crucial for the success of…
It can be a nightmarish situation for business owners when a small business loan application is rejected. If this has just happened to you, you may be feeling very defeated right now. Keep your spirits up! Many thriving business owners experience it, often more than once. The very first step to submitting a good funding application in the future is to comprehend the causes. Here are the most common reasons your business loan might be rejected. Bad credit score If the lender determines that your credit score is “too low,” this is among the most frequent causes of loan refusal.…
Unquestionably, Nigeria has one of the biggest economies in Sub-Saharan Africa. Although it heavily depends on oil, its economy is supported by patches of corporate organizations that operate in practically every sector of the local economy, including international firms having offices here, local businesses, and primarily small and medium-sized businesses (SMEs). This discussion will concentrate on small and medium-sized enterprises (SMEs) and showcase what we have learned about them during these past few years. What is considered an SME? In Nigeria, SMEs are classified as businesses with less than 500 000 Naira annual revenue by the Nigerian Central Bank in…
You have probably not even thought of half the potential benefits of obtaining a business loan. Have you ever considered, for instance, getting a loan to expand your business or obtaining a loan only to establish your company’s credit? In addition to the two reasons mentioned above, numerous others may not have occurred to you to seek business finance. The business loan is unquestionably something to explore if you’re short on cash or are thinking about a opportunity or venture that could help your firm grow, even if you have never asked for funding before. Here are the top 10 reasons to…
Misiz Jd Catering Services business profile Company name – Misiz Jd Catering ServicesBusiness sector – HospitalityLocation – NigeriaFounded in – 2017Working with Lidya since – 2020Nº of Loans: More than 12 Misiz Jd Catering Services provides corporate and private catering services for a variety of occasions, including weddings, business events, birthday celebrations, fine dining, and daily office meals and snacks. Misiz Jd Catering has encountered difficulties since beginning operations in Nigeria in 2017, such as changes in market price and issues with not having sufficient funds to stock up. The goal of the Financing This growing company needed a solution…
Franco Multichoice Service business profile Company name – Franco Multichoice ServiceBusiness sector – Telecoms and POS BusinessLocation – NigeriaFounded in – 2013Working with Lidya since – 2021Nº of Loans: 4 Since 2013, Franco Multichoice Service has provided POS services and telecom services in Nigeria. The company’s current focus is on mobile money and primary communication services, including SIM card and recharge sales. They have been using Lidya funding since 2021 to get around commercial obstacles. The goal of the Financing Since its inception, Franco Multichoice Service has had trouble obtaining Financing, mostly to fund business growth. They contacted Lidya and…
Mobile Money Agent business profile Company name – Mobile Money AgentBusiness sector – FinanceLocation – NigeriaFounded in – 2019 This client, who wished to remain unnamed but represents one of the significant sectors Lidya serves, is a Mobile Money Agent that’s been established in 2019. Since then, they have concentrated on providing cash collections and transfer services. The Mobile Money Agent’s two key operational obstacles are finding long-term employees and obtaining finance. The goal of the Financing In order to overcome these difficulties—particularly the lack of Financing—they turned to Lidya. This finance’s purpose is to invest in the operation’s growth.…
Ilsintech Optics Nigeria Limited Business Profile Company name – Ilsintech Optics Nigeria LimitedBusiness sector – TelecomsLocation – NigeriaFounded in – 2016Working with Lidya since – 2022 Since 2016, Splicers and OTDR sales have been made available to Nigerian customers by Ilsintech Optics Nigeria Limited. This company’s fundamental obstacle, like many SMEs worldwide, is to access operating cash flow. They are always looking for capital to help them manage their day-to-day operations. The goal of the Financing Ilsintech Optics has been searching for the best credit offerings for years with the intention of Financing. They went to Lidya to obtain business…
When they are short on funds, business owners frequently take out loans to fuel their operations. However, getting loans from banks is not as simple as it seems. As a result, many business owners increasingly choose alternative lending platforms to get loans quickly. And this is precisely where Lidya comes into play. As the leading loan platform in today’s global market, Lidya offers loans to small and medium-sized enterprises that require it. They also provide business management solutions to assist these enterprises in managing their digital finances. Here is everything you need to know about how to apply for a loan…