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When it comes to increasing your likeliness to secure a loan, either for personal or business use, there is no single method that works for all cases and financial institutions. Different lending platforms have a series of requirements that fit into different lending options. For some, your credit score, income, lending history are the most important requirements, while others consider unique requirements such as free cash flow, educational background, and so on.

However, lenders have a requirement that applies to all of them: Prompt loan repayment. Any individual or business entity who have proven beyond reasonable doubt to pay their loans on time will definitely have an edge in acquiring loans compared to others with no guarantee to repay loans promptly.

Using the Migo loan app as a case study, let’s take a look at some best practices that will boost your eligibility to easily acquire loans without the hassles others will usually experience with other lenders.

  1. Build and Manage a Good Relationship with Lenders

Similar to how difficult it is for an individual to approach any random person for financial assistance, that is the same feeling when business owners request loans from lenders they virtually have no prior relationship with. People will usually be available to help individuals who they deem credible. It is vital for a mutual relationship to be established for a given period of time.

These conditions also holds true for banks and other financial institutions. To give yourself a better shot at acquiring the much needed loans, invest time to build relationships with potential lenders and keep them engaged about your business before you present your need for a loan. Building a honest relationship will make you and the documents you present about your business seem more credible.

  1. Have a Plan for the Loan

Having a full scope of the loan amount that will solve your current needs is vital for any individual or business owner. Creating a detailed plan for what the funds will be invested in will prevent you from finding yourself in an unnecessary debt cycle for unimportant needs. It also makes seeking loans from lenders easier, and improves your chances of securing the much needed funds.

It is vital to keep your loan term short. You will be comfortable with doing that once you have an estimate of what you need and have done your homework on the period it will take to complete repayments. Majority of lenders have more preference for a shorter repayment time since there is a lesser probability for conditions to change. It also boost the confidence in lenders that you are less likely to default on your loan repayment.

  1. Clear up your credit

Your credit score is one of the most important criteria that determine if you qualify for aa loan. This largely depends on your credit history which records previous loans you have taken and your repayment performance. A higher credit score guarantees a higher chance for your loan application to be approved. As such, it is important to assess your credit scores and history for any mistakes that may damage your credit score. Some errors to look out for include accounting errors, wrong accounts, wrong records, and so on.

One good strategy towards clearing your credit is by making more than the monthly minimum payments toward your credit. This strategy looks great on your payment history, as it shows you are devoted to clearing your debt.

  1. Rebalance your debts and income

One of the parameters usually requested by lenders when applying for loans is your annual income, which could also involve other sources of income. To make the most out of this strategy, it is recommended that you have other sources of income aside your business, or full-time employment.

Also, put in your best to pay down debt by either Boosting your income on a monthly basis or selling some liquid assets. When implemented, your debt-to-income ratio improves significantly and signifies to lenders that you are in control of your debt and are capable to take more.

  1. Never Request Excess Funds

Applying for a loan amount that exceed your personal or business needs will usually be flagged risky by lenders. As such, you need to reassess the reasons why you are applying for the loan, attach a fixed amount that sorts this need, and specifically ask for this calculated amount.

It is also worth considering that taking out a large personal loan will usually squeeze your budget since paying out bulky loans will limit the ease to meet other financial needs of your business.

  1. Add a co-signer

In cases where you have a good credit score, including a co-signer who also has a fair credit history and income will significantly boost your chances of securing a loan. Since the co-signer is also liable to contribute to the loan repayment, you need to co-sign with a credible person that has the financial capacity to afford repayments. While you as an individual may have the intention to make repayments, unexpected emergencies like retrenchment or disability may limit or inhibit your capacity to repay the loan.

As a result, you are required to hold a deep conversation with the co-signer of your choice, so they have a full scope of the agreement they are about to sign.

  1. Boost Your Income

Adding more income sources to your business or full-time employment is a great strategy that can help your case with lenders. A factor that lenders consider before approving loan request is your debt-to-income ratio. Individuals who use a larger portion of their income to sort out loans on a monthly basis can boost their chances to securing loans by opening new streams of income which lowers the debt-to-income ratio significantly.

  1. Find the right lender

Usually, majority of lenders or financial institutions provide their customers with their minimum requirements that guarantees securing such loans. These requirements take into consideration the credit score and income of people who apply for loans.

When the requirements issued by a lender is met by business owners or individuals, it is easier to be eligible for the applied loan. With most lenders, pre-qualifying triggers a soft credit pull, which has no effect on your credit score. Pre-qualify with multiple lenders and compare rates and terms. The best loan option has costs and payments that fit into your budget.

Migo loan app is a standard loan app that provides lending services for individuals and entrepreneurs who need funding to keep business running or expand operations. Migo offer the best loan products and terms that ensures users enjoy a comfortable loan tenure. Taking loans from Migo promises safety of your data, availability, and a customer-inclusive structure.

Are you looking for the perfect lender to help sort your emergency needs which may be personal or business-related? Migo is the right brand to go to, given our track record in offering low interest rate, minimal loan fees, and a customer-centered repayment terms. To enjoy the best loan products you can find in the Nigerian financial market, reach out to us and be assured that your emergency needs will be solved.

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How the Logistics Sector Can Improve On Payment Collection In Nigeria



How the Logistics Sector Can Improve On Payment Collection In Nigeria

How the Logistics Sector Can Improve On Payment Collection In Nigeria


The logistics sector in Nigeria continues to gather momentum, especially in the urban centers that are densely populated with people of varying demands. This business is a critical part of the supply chain as it collects, transports, and delivers products to customers. Hence making it a lucrative venture in Nigeria.


However, the advent of technology has amplified the logistics sector as it now tends to leverage digital tools to attract customers seeking to employ the service for product delivery to different parts of the country. This has increased online presence through websites and social media platforms like Instagram, Facebook, and X (Twitter).

How the Logistics Sector Can Improve On Payment Collection In Nigeria

Notably, the logistics sector already has a synergy with other sectors like the e-commerce industry, which is primarily populated by small and medium-scale enterprises (SMEs).


Therefore, its relevance becomes germane to fostering the customer experience of any business. This is because a timely delivery of products is the hallmark of any logistic business.


However, payment structure plays a significant role in the effectiveness and efficiency of the business as this propels it to pick up products and get them delivered to people. So, product delivery will always be delayed when a firm payment agreement between an SME and the logistic business is not met. While this can affect the reputation of the SME, it can also reduce the patronage of such logistics.


In light of bolstering the operation of the logistics sector in Nigeria, it is imperative to employ payment methods that are easy and simple to use such that it does not lead to delays that hamper related businesses. Therefore, Fincra has put in place sustainable payment innovation to boost the growth of the logistics business in the country.


Notable as one of the leading fintech companies in Nigeria, Fincra is a payment gateway committed to improving the payment strategy of different sectors in Nigeria, including the logistics business.


Ways Logistics Sector Can Collect Payments On Fincra


1. Virtual Account


Logistics businesses can create a naira (NGN) virtual account on Fincra, which enables them to collect payments from clients across Nigeria. This virtual account can be temporary in the instance of a one-off transaction or a permanent one, which can be used to collect payments like the local bank account.


This Fincra virtual account allows easy reconciliation and effective payment management for businesses and logistics.


2. Payment Link


There is a Fincra payment link that logistics businesses can quickly generate to collect payments from clients. This link can be customized and shared across various messaging tools – social media platforms and text messages. It includes all the necessary information, including the account details of the logistics business for their clients to make payment via bank transfer or cards.


3. E-wallet


This is using the Fincra wallet to collect payment by the logistic business. However, it is only conditioned that the other client has a Fincra account to facilitate this transaction. This is another effective way of collecting payments because it is simple and instant.


Therefore, logistics may need to create a Fincra account and encourage their clients to create the account to enable a seamless completion of payment without delay. This will be a win-win situation for both businesses.


4. Card Payment


This involves the use of credit or debit cards to make payments. As such, there is a Fincra POS terminal that logistics businesses can employ to collect card payments from their clients. This is a mode of agency banking designed by Fincra to increase the coverage for the payment system in Nigeria.


It facilitates an in-person transaction that ensures quick completion of payments between the logistics business and its clients.




Nigeria’s logistics sector is a booming economy, with many entities foraying onto the landscape. But as this sector continues to become competitive to stay afloat, it is important to adopt better payment strategies that would push the business to the fore of attracting more clients.


Fincra provides different options to collect payments for logistics businesses. You can take advantage of that when you create a Fincra account now.


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How E-commerce Businesses Can Build Trust With Fincra Payment Collection Methods In Nigeria



How E-commerce Businesses Can Build Trust With Fincra Payment Collection Methods In Nigeria

How E-commerce Businesses Can Build Trust With Fincra Payment Collection Methods In Nigeria


E-commerce is a burgeoning sector in Nigeria, with small and medium-scale businesses continuously entering the market to attract teeming online users who are potential customers. This can be owed to the widespread adoption of technology, which businesses are leveraging to grow sales.


Today, there is a proliferation of e-commerce platforms or stores across Nigeria designed to meet the purchasing needs of the larger Nigerian population. This has given rise to a competitive market with businesses adopting strategies that would give them a better position of generating and retaining leads (customers) in the dynamic business landscape.

How E-commerce Businesses Can Build Trust With Fincra Payment Collection Methods In Nigeria

There are many strategies e-commerce businesses employ in Nigeria and worldwide – from a user-friendly online storefront that is easy to navigate to a payment system at checkout. These are some significant factors customers consider to inform their buying decisions on an e-commerce platform.


We can not overemphasize the role of payment collection in e-commerce, as customers are always keen on ensuring that a system makes their payment at checkout seamless. This reinforces customers’ trust and confidence in completing their purchases on the e-commerce platform.


But, while bank transfers, card payments, and e-wallets are currently the popular methods of collecting payments in Nigeria, e-commerce businesses can harness different payment options on Fincra.


Payment Collection Methods On Fincra For E-commerce Businesses


Fincra is a leading fintech company in Nigeria that has become a trusted and reliable payment gateway for various business niches. As such, e-commerce businesses can use the payment options on Fincra or, better still, integrate with the payment API on the platform to ease the payment process on their respective platforms.


However, you can directly collect payments from customers across Nigeria on your Fincra account. You can achieve this with payment options that include:


  • Virtual account: this is a virtual naira account on Fincra that enables you to collect payment through bank transfers from your customers.


  • Payment link: there is a Fincra Payment Link, which is customizable – enabling you to share account details with product descriptions with customers on social or messaging platforms.


  • Direct API: this is a fully optimized payment system that provides a class array of different options on your e-commerce platform.


  • Checkout: a Fincra checkout can be tailored to your e-commerce platform, supporting your customers’ devices to provide an improved experience for your customers.


By and large, all these payment collection methods on Fincra are important to the payment strategy of any e-commerce business in Nigeria. They provide your company with a positive outlook to gain trust and confidence.


Benefits Of Payment Collection On Fincra By E-commerce Businesses


1. Low Fee


The fee is relatively low when you collect payments on the Fincra. It provides one of the industry’s best pricing such that you save more for your business while using the platform. This is with the understanding that the sole aim of business is to make profits. Therefore, Fincra is committed to maximizing your gains with its low fee structure on the platform.


2. Advanced Security


Fincra employs a state-of-the-art security system to keep your funds safe when collecting payments on the platform. It complies with industry standards to keep your financial information and funds from unauthorized access. Therefore, Fincra protects you from identity theft that could lead to a possible loss of funds.


3. Multiple Payment Methods


As a reputable payment gateway in Nigeria, e-commerce businesses can collect payment via different options that best suit them on Fincra. These are naira (NGN) virtual accounts, payment links, checkout, and direct API. Therefore, these make your business more trusted as you gain more customers.




People continue to use e-commerce platforms to buy their preferred products in Nigeria, even as others also offer a range of services. But the integral part of e-commerce is the payment system that is the best fit for customers. That is why these businesses need to use the various options on Fincra to collect payments in Nigeria.


You can create a Fincra account now to use different payment methods for your e-commerce business.


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AAS TOKEN (AAST): The Power of Early Cryptocurrency Investment



AAS TOKEN AAST The Power of Early Cryptocurrency Investment

AAS TOKEN (AAST): The Power of Early Cryptocurrency Investment

In the dynamic landscape of finance, one phenomenon has consistently captured the attention of risk-takers and forward thinkers alike — the world of cryptocurrency. Stories of astronomical gains and heartbreaking losses fill the digital realm, but amidst this volatility, a strategy stands out: investing in cryptocurrency at launch. This article delves into the advantages of being an early adopter, exploring the potential for substantial profits and the unique benefits that come with it.

AAS TOKEN AAST The Power of Early Cryptocurrency Investment

The First Mover Advantage: The undeniable perk of diving into a new cryptocurrency at launch is the first-mover advantage. Early investors gain exclusive access to potential gains before the wider market catches on. Securing tokens at lower prices paves the way for significant profits as the project gains traction and demand. This early entry positions investors at the forefront of groundbreaking digital currencies, offering a unique edge in the volatile crypto market.

Discovering Hidden Gems: Investing in cryptocurrency at launch opens the door to discovering hidden gems amidst the sea of digital assets. While established players like Bitcoin and Ethereum dominate headlines, emerging projects can provide unique features and innovative solutions to real-life problems. Being an early investor allows individuals to identify and capitalize on the next big thing before it becomes common knowledge, potentially reaping substantial rewards.

Timing the Market Waves: Timing is crucial in the cryptocurrency market, and investing at launch provides a unique opportunity to ride the initial market waves. As a project gains attention and momentum, early investors can strategically capitalize on price fluctuations, buying and selling to maximize returns. While navigating early market dynamics requires an understanding of volatility, the potential rewards outweigh the risks for savvy investors.

The Token Launch: A Privileged Opportunity: Introducing a token launch that presents a privileged opportunity for early investors. Pre-sale information is shared, including the dates (19th and 20th of November 2023) and the corresponding prices for each phase (15 cents, 20 cents, and 25 cents). The token’s total supply is highlighted as 10 billion, with 50% in circulation and the remaining 25% allocated for liquidity provisions, business development, and special projects.

Economics of the Token: A breakdown of the AAS token’s economic structure is provided, detailing the allocation of the 10 billion tokens. Categories include liquidity provisions, business development, special projects, an arbitrage system team, and marketing and operational costs. The reserve purposes are emphasized as a security measure, instilling confidence in potential investors.

Building a Long-Lasting Investment through AAST: The article emphasizes the advantages of being part of an early investment in the mentioned token through the AAS platform. The early investors are encouraged to sign up and leverage the potential benefits of being among the first to access the token when it hits the open market. The minimum registration amount is disclosed, and the article stresses the opportunity to earn a weekly return on investment.

Conclusion: In conclusion, the article is meant urges readers to seize the opportunity presented by the upcoming AAS token launch. Drawing parallels to the early days of Bitcoin and other successful cryptocurrencies, the author highlights the potential for substantial profits and the chance to be part of a revolutionary investment. The call to action encourages readers to subscribe, like, comment, and sign up for the AAS platform to embark on a journey of financial growth and success.

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