Letshego sharpens competitive edge

Wednesday, October 27, 2010

Leading micro-lender, Letshego, has leveraged off prevailing interest rates - which are at their lowest in 11 years - to enhance its edge in a highly competitive industry dominated by four large commercial banks.

By lowering Letshego's costs of borrowing, the low interest rates have enabled the micro-lender to solve a long-running operational dilemma - that part of its funding is sourced from banks whom it also competes with in the market.

The dilemma has over the years put a squeeze on Letshego's margins, resulting in the group seeking to diversify its revenue base away from a reliance on interest income.

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Letshego sharpens competitive edge

Leading micro-lender, Letshego, has leveraged off prevailing interest rates - which are at their lowest in 11 years - to enhance its edge in a highly competitive industry dominated by four large commercial banks.

The projects magazine in collaboration with Stanbic bank launched the future of mining summit 2024

MISA Botswana celebrates World Press Freedom day

Unlawful wounding turns to murder

Mahalapye suspected copper cable thief nabbed

TAFIC targets top four finish

Selefu

Selefu

Repatriation underway for seven SA Pilgrims

Stakeholders must step up veggie supply