Letshego seeks to diversify revenue streams

Since its establishment in 1998, the Botswana-based group's formula has been to offer unsecured consumer loans, tapping repayments at source through deduction codes and arrangements with payroll offices. This formula has seen Letshego's loan book rise to P1.7 billion and after tax profits to P380 million for the financial year ended January 2010.

These profits and assets have been solely underpinned by interest income in Botswana, Swaziland, Uganda, Tanzania, Zambia and Namibia with nascent operations in Mozambique expected to warm up this year.