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Letshego secures £15m senior loan

Letshego-Proparco Partnership signing 65
Letshego-Proparco Partnership signing 65

Homegrown microlender, Letshego Botswana, has secured a senior loan deal worth £15 million (P257 million) with Proparco aimed at achieving the Sustainable Development Goals (SDG).

Proparco is a development finance institution owned by the French Development Agency and private shareholders from across the globe.

The £15 million deal is expected to support Letshego's quest to improve more lives with inclusive finance products across Botswana.

Editor's Comment
The time is now to relax adoption laws

Over the years, there has been many reports of infants being abandoned by parents. Many factors can contribute to child abandonment, some of which may stem from mental health issues and lack of support, but other reasons may be that one could have made better choices with proper education. Some parents abandon their infants due to financial difficulties and the fear of having to provide for a newborn. Many developed countries have come up with...

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