A dynamic and upcoming hedge fund located in Lagos,Nigeria has had an impressive first half of the year; In less than six months in operation they have recovered 95% of loans given to SME and have made a turn over of 40%, This speaks volumes of both their management team and their management technique,considering this is a field where most operators are struggling with bad debt, We contacted their MD Adeleke Taiwo and asked what was responsible for their success he credited their success to their effective recovery team and thier low interest rates. Considering the Nigerian market is presently being strangulated by high double digit interest rates Better Days capital decided to give SME financing a boost through their single digit interest rates, Needless to say other African SME financing operators has a lot to learn from Better Days capital. There are indeed "better days" ahead for the Nigerian SME sector.
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