Pan-African lender – Letshego Holdings has taken proactive steps to support its customers through the emerging economic challenges caused by the Coronavirus pandemic.
The micro lender says it has granted payment holidays to all its MSE (Micro and Small Entrepreneur) customers, as well as offered the opportunity for all individual customers to apply for relief in light of slowing economic activity across regional markets. Letshego’s payment holiday is effective from 1 April 2020 for a three month period.
In addition to supporting its customers, Letshego has committed more than BWP3million in direct financial support to regional government relief funds and non-profit organisations across its footprint. These funds are intended to support national efforts in preventing the spread of the virus, caring for those infected with the virus, as well as sustaining local economic activity.
BWP1.2million of this contribution has been donated to Botswana’s COVID-19 Relief Fund, Letshego’s country of origin and headquarters.