A well-crafted marketing plan is essential for any money lending business in Uganda looking to acquire new customers and grow their portfolio. With the right strategy, money lenders can effectively promote their services, build trust, and demonstrate the value they…
Starting a money lending business can be a lucrative opportunity in Uganda given the high demand for loans and lack of adequate formal lending institutions. However, a thorough business plan is crucial before venturing into this industry. A money lending…
If you’re looking to start a money lending business in Uganda, it’s essential to understand the legal requirements and procedures for obtaining a money lending license. This comprehensive guide will walk you through the steps necessary to acquire the necessary…
The money lending business in Uganda provides small, short-term loans to individuals and businesses. This lending model is also known as payday lending or microfinance. With increasing financial inclusion and demand for credit, the money lending industry has grown substantially…
The money lending business in Ghana is growing rapidly due to increasing demand for quick loans and other financial services. However, competition is also high between the numerous money lending companies. Effective marketing is crucial for any money lending business…
Money lending business, also known as microfinance or microlending, has become an important sector in Ghana’s financial services industry. Ghana has seen rapid growth in money lending over the past decade, with over 700 microfinance companies currently operating in the…
Microfinance is becoming an increasingly popular way to provide financial services to low-income populations and micro-enterprises in Ghana. Microfinance institutions (MFIs) provide basic banking services like loans, savings, money transfer and insurance to unbanked and underserved segments. The microfinance sector…
The loan business industry in Ghana has seen significant growth in recent years, driven by the increasing demand for financial assistance among individuals and small businesses. With a population of over 30 million people, Ghana provides a fertile ground for…
Micro-Credit Association Ghana (MCAG) serves as the umbrella organization for microfinance institutions in Ghana. Established on May 2, 2010, under the Companies Code, MCAG plays a crucial role in bringing micro-credit operators together and promoting collaboration within the microfinance sector.…