Letshego Financial Services Namibia - Letshego Bank Namibia
Letshego Bank Namibia opened its doors in 2002 as Edu Loan Namibia, providing consumer and micro-lending services. In August 2008, Letshego Holdings Limited (LHL), a Botswana Stock Exchange (BSE) listed entity, acquired 100% of the company, soon after which the company re-branded to Letshego Financial Services Namibia. LHL is the largest indigenous BSE-quoted company with a current market capitalisation in excess of BWP 5 billion (US$ 500 million) that places it in the top 40 sub-Saharan Africa companies (excluding-South Africa).
Letshego Bank focusses on low to middle income earners in the economy, through the provision of financially inclusive solutions. Previously, Letshego Bank only offered payroll loans through the deduction at source model. To enable the new operating model that will support and deliver our financial inclusion and diversification strategy, Letshego applied for, and was awarded, a provisional banking license in July 2014. We are looking to roll out deposit and transactional solutions to customers across the country should our provisional banking license be confirmed. The solutions will bear our hallmarks of being responsive to needs of the people, simple to understand, accessible by way of innovative new channels, and above all, ethical solutions being developed that enable savings and sustainable economic growth.
Customer Solutions
LetsPay - “Pay or be paid simply and securely”
Family and friends
Utility providers and daily needs
Suppliers and Government
Allows you to make payments to suppliers, pay bills or receive payments from any other bank account knowing that your money will be safe and secure from the moment it’s sent to the moment it arrives at its destination. Money transfers based on technology are increasingly becoming the most effective way to provide financial services and drive the continent’s financial inclusion aspirations. Through the use of agency banking, USSD and mobile banking, we hope to bring services to the fingertips of our customers and make our mark in inclusive finance.
LetsBorrow - “Financing your needs”
Using your salary
For business growth
For your home, education and family
Allows you to get that little bit extra you need to take the opportunities to improve your life and invest in your future, from paying for your children’s education or building that extra room to starting that new business. Our loans are made to suit our customers’ needs, enable them to uplift themselves and their communities and make that change in their lives that can sustain them and grow their income. At an affordable interest rate and accessible delivery channels, we ensure that our customers are empowered through the loans they get from us.
LetsSave - “Saving for the future”
For those one off items
For your family needs and aspirations
For longer term commitments
Enables you to make the most of that extra cash you have at the end of the month, money from running small businesses and to pay those unexpected bills. Having a savings account helps our customers to prepare for those rainy days and to cover those future costs like your child’s education or that big wedding day. With Letshego Bank’s savings account, you will be guaranteed access to your money whenever you need it. We offer competitive interest rates on our savings accounts.
LetsLive - “Improving your life”
Health and fitness
Life cover and insurance for your well being
Wealth and loyalty benefits
Enables you to improve your life by securing your wealth, fitness and wellbeing through insurance, health care and life cover. Letshego Bank loans come with the added value of funeral and life cover should you pass away or suffer a disease that leaves you unable to service your loan.
You can check out our branches in Namibia here and view the members of our Board of Directors here.