Letshego loan book reaches P5bn

Low
Low

Letshego Holdings’ loan book jumped 31 percent to breach the P5 billion mark in the six months period ended 31 July 2014 on the back strong advances growth in three of the 10 countries the microlender operates in.

Letshego managing director, Chris Low, said the most contributions to the growth in advances are Botswana, Mozambique and Namibia. Letshego operates in 10 southern and east African countries including Tanzania, Kenya, South Sudan, Uganda, Rwanda, Swaziland, Tanzania, Kenya and Lesotho.

In the period, the group’s profit before tax increased buys 11 percent to P508 million.

Editor's Comment
Stay safe this holiday season

However, amidst the happiness, it is crucial to remember that the holidays can also bring unforeseen challenges. From increased traffic and travel hazards to heightened risks of accidents and social unrest, the festive period demands heightened awareness and responsible behaviour.Traffic congestion and accidents are a common occurrence during the holidays. With increased travel, roads become busier, leading to a higher risk of collisions. Alcohol...

Have a Story? Send Us a tip
arrow up