LETSHEGO BANK SUPPORTS SMALL BUSINESSES AT SABASABA TRADE FAIR

Letshego Bank Tanzania joined more than 3,200 local and international companies to support the 46th Dar es Salaam International Trade Fair held at Sabasaba grounds, Kilwa Road, Dar es Salaam.

In support of this year's Sabasaba theme; Tanzania is the right Destination for trade and investment; Letshego Bank continues to invest and grow its business by diversifying its product offering, digitising channels to increase customer experience as well as facilitating easy access to more affordable financial solutions for more customers.

Speaking to our Correspondent, Mr. Omar Msangi, the CEO of Letshego Bank said; “Letshego Bank recently launched Mkopo Fasta – a tailored product Letshego has created to support small business owners to overcome the challenges of cash flow. Mkopo Fasta increases access to capital, quickly and simply, to enable small businesses to buy stock, meet business expenses or even support any production costs needed to meet current delivery orders on time.” Mr Msangi added, “Once applications are approved, cash is deposited into the small business owners’ account within 72 hours, unlocking income and growth potential.”

In addition to supporting small businesses, Letshego Bank also supports individuals with financial solutions and products for youth, health, wellbeing, savings and retirement.

Public service loans are transferred into customer accounts within 48 hours of approval, with loan values extending up to 60 million shillings for payment within various terms up to and including 84 months.

Letshego Bank Tanzania is one of 11 Pan-African subsidiaries within the Letshego Holdings Group, headquartered and listed in Botswana. The Group aims to empower African businesses in the micro, small, and medium stages, MSMEs and improve the lives of ordinary citizens through the provision of innovative financial solutions. The Group has recently launched its flagship Digital Mall, a digital banking platform where customers can apply for loans, insurance, savings accounts and other lifestyle products.

Letshego Bank (T) is headquartered in Morocco, Dar es Salaam, and has a network of 8 branches and outlets, 85 agents, 5 ATMs, and it is part of the Umoja Switch network of ATMs in Tanzania.