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Letshego wins microfinance banking award


Head, Banking and Microfinance, Letshego Holdings, Tom Kocsis (left); Acting Managing Director, Letshego Micro Finance Bank Nigeria, John Ologe and Group Managing Director, Letshego Holdings, Chris Low at the briefing to announce the re-branding of FBN MFB in Letshego MFB in Lagos at the Weekend PHOTO: FEMI ADEBESIN-KUTI

Letshego Microfinance Bank has bagged the “Excellence in Microfinance Banking” award at the New Age Banking Summit 2017, held in Lagos. The subsidiary of Letshego Holdings Limited, an Africa-born inclusive finance group, was recognised for its commitment to growth, transformation, and the provision of simple, appropriate and affordable financial solutions.
The New Age Banking Summit with the theme: “Enhancing Banking Digitisation,” brought together industry experts, regulators and thought leaders to discuss the key challenges and trends of banking in the digital era.
The keynote speakers focused on various aspects of financial digitisation ranging from mobile banking applications to future banking trends and technologies and innovative customer centric digital platforms.


According to the organisers, “the digital banking landscape in Nigeria is expected to transform the country to Africa’s fintech hub. The recent upsurge in digital banking has catapulted the predominantly cash driven country to wider financial inclusion.”
Letshego’s Head of Financial Inclusion, Richard Tyotule, said: “Letshego Nigeria remains committed to its inclusive finance agenda, by increasing access to affordable financial solutions to those members of the community who traditionally do not have access to financial solutions.
“In this way, we aim to extend the reach of financial benefits to more individuals across the country, ultimately improving life and communities on a collective basis.”
Letshego Holdings Limited is a Botswana-based inclusive financial service provider, which came to Nigeria in 2016, through its acquisition of FBN Microfinance, leveraging on the group’s regional experience in delivering financial solutions to under-served communities across 11 African markets.
Letshego Microfinance Bank Nigeria continues to expand its offerings to the broader Nigerian market giving access to affordable financial solutions enhanced by Letshego’s multi-channel, digital network.
The bank provides innovative borrowing and savings solutions to small entrepreneurs to finance their stock, assets and cash flow needs.In the last 12 months, the company has launched tailored financial solutions in education, affordable housing as well as small scale agri-business sectors.

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