How does Lidya Bridge works?

Lidya Bridge works as a complete infrastruture offering:

• Webapp for borrowers
• Credit as a Service Backend for lenders
  

To streamline your Loan cycle with Lidya, you need to:

• Submit 3 month bank statements. This can be done directly by the borrowers on Lidya Webapp or by your team on Lidya's backend. 
• Lidya algorithm will assess the banking informtion in real-time defining if the borrower is or not eligible for a loan. 
• If so, Lidya will automatically suggest a loan offer. You can accept, edit or even request a credit check before advancing with the offer.
  
• Once you are ready and advance with the offer, the borrower will receive the proposal on the webapp and email. 
• The borrower can accept, reject or accept a lower value. 
• Once this is done, Lidya will start the collection set-up by:
  • Requiring customer consent to find all of their bank accounts through BVN. 
  • Asking the customer to sign all of the direct debit mandates and loan contract. 
  • Once the customer signs the mandates, they are sent to the banks. 
• You can wait until all the mandates are active or you can disburse sooner according to your policy.
  
• The Loan will be disbursed immediately on the borrower Lidya Wallet.
  
• You can manage the entire process from assessment, disbursement and collections on Lidya Bridge Backend.