Carma Blog

CARMACHAIN LENDERS ROUNDTABLE

On Thursday, March 10, 2022, at the Four Points by Sheraton, in Victoria’s Island, CARMACHAIN hosted a roundtable of top digital lenders. This roundtable meeting was convened to discuss the challenges of accessing consumer data for effective lending to the underbanked in Nigeria. The meeting gave lenders the opportunity to exchange ideas while also enabling
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Nigeria’s number 1 problem: Financial Inclusion?

Nigeria is a large complicated economy. A population of 200 million people, a GDP of over 445 billion & 75% of its GDP is in services and industry. These are all signs pointing to a soon to be developed country. However, access to the financial ecosystem, especially to affordable credit is incredibly low. This threatens
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What is an API?

API is one of the most used but misunderstood terms in tech & software development. Not everyone understands what exactly it means and why it is needed. Let’s figure it out together. An API (application programming interface) is a connection between computers or between computer programs. It is a type of software interface, offering a
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Lessons Learned for Credit Assessment

Every bank has very similar challenges, too many borrowers and not enough money. Until now. Globally, more banks than ever are reporting surplus accumulations of capital to lend. My name is Ted Martynov and I’ve ran credit & lending companies for many years. I was fortunate to do this in very diverse economies like Ukraine
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Financial Inclusion: A love letter to 200 Nigerian fintechs

Nigeria. A beautiful African nation of over 200 million people. The largest economy on the African continent is valued at 432.3 billion USD. 45% (47 million adults) of the adult population in Nigeria have a bank account. However, only 3% (3.2 million) have access to credit and only 2% (2.1 million) have insurance. The main
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