Letshego Financial Services Botswana
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| Company type | Subsidiary |
|---|---|
| Industry | Financial services |
| Founded | 1998 |
| Headquarters | Gaborone, Botswana |
Key people | Frederick Mmelesi (CEO)[1] |
| Products | Loans |
| Total assets | BWP 1.5 billion (UDS 150 million) |
| Parent | Letshego Holdings Limited |
| Website | www |
Letshego Financial Services Botswana (LFSB), also Letshego Botswana, is a microfinance financial institution in Botswana. It is a 100% subsidiary of Letshego Holdings Limited, a holding company, with subsidiaries in over 10 African countries and whose stock is listed on the Botswana Stock Exchange.[2] The headquarters of the institution are located in Gaborone, Botswana's capital and largest city. The company maintains about a dozen branches in the country's major urban centers.[3]
The institution began operations in March 1998, as Micro Provident Botswana Limited. At that time, the MFI focused on providing unsecured loans to fully employed clients.[4] In 2002, the company was listed on the BSE, through a successful IPO. The funds from this IPO were utilized to expand the group regionally. In 2008, the company adopted the Letshego brand as its official name.[4]