Letshego Holdings rebrands FBN Microfinance Bank

Letshego Holdings, a Botswana-based focus group with consumer, microfinance holding company, has rebranded FBN Microfinance Bank (FBN MFB) to Letshego MFB, as part of its commitment to deliver inclusive finance products in a simple and responsive manner to its customers.

Besides, the FBN MFB’s rebranding comes after its 100 percent acquisition by Letshego Holdings from former parent company, FBN Holdings, in January this year. According to Letshego, as Africa’s leading inclusive finance group, our strategy is to deliver simple, appropriate and affordable solutions and focused on agriculture, education, housing and health sectors of the economy.

Speaking at the rebranding of FBN MFB, in Lagos, the Group Managing Director, Letshego Holdings Limited, Chris Low, explained that the news of the acquisition early this year is coming to life now as we see Letshego MFB take shape in a bold, purposeful new look and brands that has a clear vision and strategy for inclusive finance.

According to him, this is another affirmation of our commitment to the people of Nigeria, we will continue to make every effort to ensure we deliver relevant, value adding and responsible financial solutions.

“Innovation underpins our financial inclusion agenda, and it is innovation, partnerships and access to capita that we leverage to ensure we help deliver an enhanced customer experience to improve life. Doing so remains our goal and, indeed, our passion,” he said.

Also, the Group Head of East Africa and Microfinance shared, Letshego Holdings Limited, Tom Kocsis, stated that this is a tremendous time for Letshego, adding that, as we commemorate this milestone, we remain cognisant of our commitment to delivery of broad based financial solutions through diversification of customer segments, products and access channels.

According to him, we will be looking to partner with like-minded parties in both the public and private sectors, who can assist in building an ecosystem that creates true financial inclusion and empowerment.

“Our growing investment in supporting the people of Nigeria, and championing strong socio-economic development through inclusive finance, is a means for us to further improve lives,” Kocsis said.

Speaking further, he said, expansion has been a critical growth focus for Letshego together with the areas of micro-finance, savings and payments services. “In addition, using channels that allow access anytime, anywhere has been an area of strategic focus for Letshego in recent years. The re-branded Letshego FBN is envisioned to offer a well-diversified, full-service solution set, and to grow into a trusted financial services brand for the people of Nigeria,” he noted.

Meanwhile, the Chief Executive Officer, Letshego MFB, John Ologe, “We are excited for the many opportunities that lie ahead and the plans we have for a truly inclusive Letshego MFB.

“Amongst some of the investments and advancements made by the bank is greater accessibility of products for customers as well as improvement in turnaround time on lending products.

“Supporting this is the greater investment into the capability of the team serving our current and future customers, as well as deeper access to necessary growth-capital. As the latest entrant into the Letshego family, we are committed to growth, diversity and improving life,” Ologe stated.