PEUBO reduces interest rates again

PEUBO reduces interest rates again
PEUBO reduces interest rates again

PEUBO INVESTMENTS, a micro lending company owned by Botswana Sectors of Educators Trade Union (BOSETU) and its funeral scheme (BOFUS), Has taken a decision to review its interest rates downward.

According to its board chairperson Mr. Samuel Aboneg, it is not the first time for PEUBO INVESTMENTS to review its interest rates. He cited that they have reduced interest rates in 2016 and 2019 and lately in the Month of October 2021. Aboneng further indicated that this continuous review of the interest rates has made PEUBO INVESTMENTS to be amongst the cheapest micro lenders in the market. “This is why our members need not to consider borrowing elsewhere but in PEUBO where their interests are safe guarded. We have always made a pledge to give our customers very competitive rates, and this time around we felt very compelled to review interest rates downward due to the impact of COVID 19 on the lives of our members”. He said.

Aboneng also pointed out that COVID 19 has had a lot of detrimental effects on the lives of BOSETU members and Batswana in general. “Our members find themselves having a very high dependency ratio and must take care of many lives which have been affected by COVID 19. We know that many Batswana have lost jobs and others who have been surviving by small businesses have find it very difficult to survive due to endless business disruptions. Our members, being in the formal sector, find themselves having to take care of these family members who are currently struggling to earn the ends meet”. Said Aboneng

Editor's Comment
Molepolole unrest: Urgent attention on missing person cases

From Jakoba's mysterious disappearance on November 9 to the grim discovery of his remains at Mosinki Lands, a gap in the response mechanisms of the police and village leadership has been laid bare. The community's anger is evident, seen in the attack on Bakang Masole, the man found driving Jakoba's taxi and the main suspect, and the subsequent riot. Residents express discontent, citing a troubling trend of missing persons cases often...

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