Letshego settles BPOPF loan

The repayment closes a funding arrangement designed to give the microlender breathing room whilst management worked on long-term solutions to strengthen the homegrown microlender's books. The settlement, however, comes alongside a fresh appeal to shareholders for capital, showing that the group’s rebuilding effort remains under way.

In an announcement issued on the bourse last week, directors confirmed that the facility and all accrued interest have been repaid as at the maturity date, with a fresh plea to shareholders for funding.