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In a bid to implement the government’s financial inclusion agenda, Letshego Bank Tanzania Limited is targeting to serve small and medium size enterprises with various products to ensure sustained growth.
Letshego Bank’s CEO Thabit Ndilahomba has welcomed SMEs to seek the bank’s services and products so that they can grow their businesses through profitability. Ndilahomba said his bank remains committed to serving the SMEs as part of a broad-based initiative to drive financial inclusion.
“Economic uncertainties have a potential to create headwinds, however, at Letshego Bank remain committed to reviewing our current solutions to build more reliable solutions for SMEs,” he told SMEs managers and owners in Mwanza last week.
Ndilahomba who was accompanied by the bank’s Head of Financial Inclusion, Solomon Haule said through the workshop with SME representatives, it enabled Letshego’s senior management team know and understand the needs of the group on a more personal basis while reiterating continued support, even in hard times.
“Letshego Bank is committed to making a difference in the lives of individuals and, as a valued partner, remains steadfast in supporting its customers in all occasions to promote sustainable business practices,” the CEO added.
Part of Letshego Group’s drive, which is Letshego Tanzania holding company, is to continue supporting its subsidiary in its operations as it seeks to leverage customer trends and dynamics for more vibrant services, “In a market that we have a lot of confidence for its growth,” Ndilahomba stated.
One of the SME clients who benefitted from Letshego’s MtajiNyumba loan, Patrick Kambarage urged his peers to borrow from the bank because it charges competitive interest rates in the market.
“MtajiNyumba loan from Letshego has helped me renovate my house and start the constructions of a storage facility for my business too,” said Kambarage.
He commended the bank’s initiative to improve peoples’ lives through lending to businesses and individuals to grow.
Letshego Bank Tanzania is part of the Botswana based Letshego Group that runs banking operations in 11 African countries including Eswatini, (formerly Swaziland), Ghana, Kenya, Lesotho, Mozambique, Namibia, Nigeria, Rwanda and Uganda. The group has a net worth of more than 2.3trn/-.
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