Letshego spearheads financial literacy campaign

Speaking during the presentation of the group’s financial results for the eleven-month period ended 31 December 2014, the group’s Managing Director, Chris Low said the high volumes of household debt in the country are a huge concern for his company.

He said Letshego was working with the government to set limits on indebtedness, adding that they have introduced a central system in which they limit the amount and number of loans a customer applies for. “This allows the customer to have only one loan at a time. We have the responsibility to discourage over borrowing,” he said.