Post your Video Testimonial on Instagram or our Facebook page using #sociallenderreview and win 10,000naira. *

Have you borrowed using Social Lender in the past?    You stand a chance to win 10,000naira cash with Social Lender by sharing your testimonial in the video testimonial Campaign.

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Social Lender is solving financial problems using Social Reputation Score

Social Lender has helped various people solve their financial problems through the micro-credit it provides based on Social Reputation. Here are tweets from some of the people who have been able to secure quick cash from Social Lender with their Social Reputation score. They were able to attend to one financial need or the other. Read more

Do you know that your Social Reputation Score determines your Credit Worthiness???

On Social Lender, Access to Micro Credit is simply based on Social Reputation. Social Lender leverages on your Social Reputation as collateral to offer micro-credit. Through your Social Reputation, A Social Reputation score is calculated and this determines if you are qualified to make a cash request. So basically the higher your Social Reputation Score the higher the amount you qualify for

Have you improved your Social Reputation Score???

 Don’t wait till you are in need of a loan before you improve your Social Reputation Score. With a qualifying Social Reputation Score, you can simply send an SMS to Social Lender to get cash in your account within 5 minutes. One of the ways to determine your social reputation is through your Friends, Family & Connections on the Social Lender Platform. Read more

How To Get A Bank Business Loan

There are times we need that extra push with regards to resource for business, we have plans to yield prospects which in turn would be helpful to our businesses. We want loans to help our SMEs but then how we go about it can be tedious. Banks generally offer loans with their lowest interest rates to SME’s (small and medium-sized enterprises).  The rate of interest is usually between 5%-9% over a period of 1-5 years. Be sure you have strategized and have made a budget to the amount you would apply and have a repayment structure on ground too. The amount you’ll be able to apply for varies vastly depending on the size of your business.  It is possible to obtain these loans as long as you have collaterals to support them.  Having said that, some banks have realized that the majority of start-ups have solid ideas but nothing to back them on their loan requests.  Take the time to do your research.  If you know that you have the next best thing at your fingertips, don’t give up on it purely because you lack the capital. Read more

Income Explained

Active Income

If you currently work for somebody else and receive a salary, then your income is active.  Here’s a basic equation for you in case you’re unsure:

Trading Time + Experience + Effort = Cash

Active income is the most popular type of income.  The amount of money you earn may change but the basic principle remains the same.


Passive Income

Passive Income is the income you receive without having to actively work for it. It means that you generate money with little or no effort on your part. It’s the type of income that entrepreneurs look for as it provides them with time to focus on other endeavors and it has the potential to generate excellent monthly returns.

It can be difficult to generate a significant monthly income without having invested a substantial amount of money. The key here is to start slow and build. You’ll be surprised how much cash you can put away when you set your mind to it. Does this sound like the answer to your prayers? Great! However, as fabulous as it sounds it isn’t as easy to achieve as you might hope. It’s going to take a lot of time and effort to earn totally passively.

Let’s Get Started

There are four steps to take in creating passive income:

  • You need a business idea
  • Identify how you could turn the income from this business into passive income
  • Create/make your product
  • Market your product

As you can see, creating a passive income stream may be ideal but it is no small task. It’s also very achievable, as long as you develop or improve on your entrepreneurial skills and creativity. Passive income only really becomes passive after adequate substantial labor-intense groundwork.

How to Grow Your Creditworthiness

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credit worthiness

Your credit score is a mathematical representation that appears in a credit bureau report. This information is used to determine your credibility. The information is made up of elements like loans, overdraft, requests for new credit, outstanding debts, how you pay your bills, how much debt you have etc. This information about you is mostly used by financial institutions like banks, insurance companies, and service providers to access the likelihood of you being able to repay any credit given to you i.e your creditworthiness. Based on your credit score, you will either be accepted or rejected.

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In order to improve your creditworthiness, there are five easy things you can do;

  • Pay your bills on time
  • Avoid having too much debt
  • Try to use only 35% of any credit limit you are given
  • Avoid making too many applications for credit at the same time
  • Only take credit when you really need to and when you are genuinely sure you can repay that credit at the stipulated time.

It’s important to obtain a copy of your credit report in order to make sure there are no corrections or amendments that need to be made. This will also help you maintain a healthy line of credit.


Social Lender is Touching Lives

Social Lender is helping people live better lives by supporting them with small loans using their social reputation. Take a moment to view what people are saying about Social Lender as they talk about their experience.

“Social Lender helped me start a recharge card business” by Hallmar Chibuzor Paul

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Planning Your Financial Freedom



There are many successful and wealthy people out there who came from humble beginnings. You only need to study a few of them to agree that it’s not all about being born with a silver spoon.. It is very possible to be financially comfortable and successful even if you are currently working a 9 to 5 job. Success is all about planning. We all know the saying ‘it takes money to make money’ but that doesn’t mean you can’t start from scratch and build your way up, creating wealth and thereby a lifestyle you deserve. Having said that, it’s important to be aware that this isn’t for the work-shy. It will take hard work, planning, education, willingness to change and determination.



There is no easy and speedy way to financial freedom. Any scheme or so-called business opportunity that appears too good to be true usually is. Be selective in your choices in terms of business opportunities. Be sure that you believe in your product, you know your target market and that the business model works in your marketplace. Direct Sales and MLM (multilevel marketing) do work and there are some extremely reputable companies with great products but recruiting and team building takes time and effort. Extra income can come very fast if you remain dedicated. What you are aiming to create is Passive Income. This means that your money is always working for you, even while you sleep.

One of the smartest and fastest way to becoming financially free is investment. Many people fear that word “investment” and some believe investing is for the already rich. This is far from true. In the past, the upper 1% invested primarily in stocks and shares. Nowadays with the evolution of the internet, investment platforms such as Crypto Currency have made great changes to the way investment works. Whichever investment(s) you choose, start small and only invest an amount you can afford to lose. Remember that investment does have some elements of risk.



You’ll definitely need some money to get you started. How much that would be, will depend on the path you choose to follow. However, money alone is not enough. It’s essential you equip yourself with the correct mindset. The way you think has a huge impact on your personal successes and failures. If your glass is always half empty as opposed to half full, then your negativity will definitely be to your detriment. There are many self-help books you can read to help improve your positivity. Once you apply this education to your life as a whole, it will have positive effect on your wealth acquisition goals.



Set aside a percentage of your income for investment. It doesn’t matter how small it may be nothing is too little. This money is for investment not saving. When you save your money in a bank’s savings account, your returns are negligible. Depending on where you are in the world, the banks have different types of investments. Many of them can be started with a relatively small sum of money and have much better returns. You will be able to build on your initial investment.

Look at your spending habits and plan a way to limit your daily impulse purchases. If you take a critical look at your spending, you are sure to find expenses that can easily be cut down or removed all together. Unnecessary spending like nights out, alcohol, fast food, etc are usually a good place to start. Also consider looking at ways to reduce your taxes, earn more and possibly downsizing to a smaller home. By doing this, you’ll be able to free up more cash to invest. Planning is essential in discovering ways to freeing up and eventually realizing financial freedom.

Have you used Social Lender in the past to obtain Microcredit???

Have you used Social Lender in the past to obtain Microcredit??? Then stand a chance to win N10, 000!!!

How to Participate:

• Make a video (60secs) of yourself, telling us how social lender helped you and why you think people should join Social Lender

• Post your video on any of our social media pages on or before 12 midnight on Sunday, the 28th of January, 2018

• 10 videos will be shortlisted, re-edited and reposted by 12 noon on Tuesday, 30th of January

• The shortlisted and reposted video with the most engagements (i.e. likes, shares and comments) by 12noon on the 6th of February, 2018 wins!!!

Please note:
– This competition is only open to past Users of SocialLender.
– The decision of Social Lender Team will be final.
– Social Lender reserves the right to use the submitted testimonials on our website and other publications.

Not Interested in the Prize? We invite you to submit your User Feedback all the same.

Access to Microcredit is now social!

Visit for more information.


Press Release: Nigerian Fintech start-up, Social Lender partners with CGAP to explore the use of social data for Financial Inclusion in Nigeria

A large share of the poor in Nigeria lack access to credit to support their livelihoods, build assets, or access quick cash in case of an unexpected emergency.

Social Lender in partnership with the Consultative Group to Assist the Poor (CGAP) is launching a pilot to test the predictive power of social data generated from mobile, online and social media platforms on loan repayment behaviour of low income earners who have little or no access to formal credit.

Social Lender is among a restricted group of partners that CGAP selected among nearly 200 firms and organizations that submitted proposals for digital innovations that have the most potential to advance financial inclusion in Africa.

The partnership with CGAP provides a platform to explore the use of digital-enabled lending systems, focusing on using USSD as the application model for Users with feature phones in Nigeria. The pilot will make available access to digital credit to the poor to help them meet liquidity gaps that typically arise due to unexpected needs (e.g., healthcare expenditures) or from the irregular nature of their income. The partnership also aims to better understand the impact of financial education on borrowers’ creditworthiness and loan repayment practices.

In partnership with Sterling Bank, Social Lender has been using its proprietary Social Reputation Scoring and Social Guarantor Model in providing access to quick cash to thousands of people in Nigeria via Web and SMS platforms.

In South Africa, Social Lender is helping financial inclusion by enabling alternative lending products where its partner bank (ABSA, a member of Barclays Africa) is able to give credit to customers with limited credit history. As a result, ABSA was recently shortlisted as a finalist in the Gartner’s Eye on Innovation Awards 2017 in the ‘Most innovative digital business model’ category.

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