Letshego’s Affordable Housing proposition includes housing finance, construction, plot purchase and renovation.
Letshego’s Affordable Housing and Home Renovation solutions are accessible digitally through the LetsGo Digital Mall available online through mobile devices. Through the product, people can get land and a customisable house, or capital to purchase materials from trusted local suppliers to renovate existing homes or properties, wherever the structures may be located.
Home improvement finance options include additional benefits such as competitive pricing for labour, construction advisory support and quality building materials accessed via Letshego’s dedicated network of established and accredited engineering and construction experts.
According to the group chief executive, Aupa Monyatsi, Letshego’s inclusive Affordable Housing solution aims to mitigate access challenges experienced by individuals in broader communities by offering a choice in products.
“People struggle to access housing for several reasons, including lack of affordability, stringent qualifying credit criteria, restrictions in the location of houses available for financing, as well as rapidly escalating house prices spurred by rising inflation as well as the lack of available land allocated to small to medium housing,” he said. On his part, the group’s Botswana CEO, Fergus Ferguson said Letshego’s Affordable Housing extends traditional housing beyond city centres, thus supporting rural councils and communities to develop their micro-economies.
To provide a more holistic level of support for customers, he said Letshego has established partnerships with local and international industry-related organisations and suppliers to expand the value of its Affordable Housing offering. “Benefits include support in construction, engineers, and access to quality building materials.
Letshego is committed to its vision of creating safe and sustainable living environments for more individuals and families, all while working closely with local and national governments to support national economic development targets,” he said.
Letshego Affordable Housing product in Namibia is supported by a facility provided by the IFC (International Finance Commission), a member of the World Bank Group, in line with the global institution's commitment to leverage its facilities for broader social and economic impact across emerging markets.
After Namibia and Botswana, Letshego is expected to extend the benefits of its Affordable Housing offering in its East and West African markets.
