Letshego loan book reaches P5bn

Friday, September 26, 2014

Letshego Holdings’ loan book jumped 31 percent to breach the P5 billion mark in the six months period ended 31 July 2014 on the back strong advances growth in three of the 10 countries the microlender operates in.

Letshego managing director, Chris Low, said the most contributions to the growth in advances are Botswana, Mozambique and Namibia. Letshego operates in 10 southern and east African countries including Tanzania, Kenya, South Sudan, Uganda, Rwanda, Swaziland, Tanzania, Kenya and Lesotho.

In the period, the group’s profit before tax increased buys 11 percent to P508 million.

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