Page 9 - Noble Magazine • July-August 2020

Letshego offers
financing up to

www.noble.co.bw
on the COVER

The Backbone of

Letshego Botswana -

ACCESS FINANCE AGAINST PURCHASE ORDERS AND INVOICE
DISCOUNTING TO SERVE YOUR BUSINESS NEEDS WITH A SHORT
Fergus Ferguson
TURN AROUND TIME AND COMPETITIVE INTEREST RATE.

/////////////////////// WHO CAN APPLY? ///////////////////////

Letshego’s legacy is spanning more than 21 years of improving lives since first opening
Micro or Small Entrepreneurs Botswana Citizen or majority
with a valid purchase order shareholder is a Motswana citizen its doors in Gaborone in 1998 is testament to its commitment to delivering sustainable
value in all the communities it operates in. Achieving a measurable social impact is
central to the Company’s strategy, which is why it encourages its customers to use funds
Caution: Borrowing more than you can afford can lead to financial difficulties for productive purposes such as such as education, healthcare and business expansion.
Letshego’s annual Improving Life Campaigns demonstrates the value in using funds
*Terms and conditions apply for productive purposes by rewarding those customers who have managed to not only
improve their own life with a Letshego loan, but the lives of many others with that same
loan. Noble Magazine interviewed the man in the big seat, Letshego Botswana
FOR MORE INFORMATION CALL: Chief Executive Officer, Fergus Ferguson to get an in-depth perception into what
+ 267 364 3300 / +267 398 4733 he is doing in terms of business continuity.
+ 267 398 4705 / +267 398 4734
or visit your nearest Letshego branch. www.letshego.com

fter studying Accounting at Group’s credit risk division, I moved to become a truly world-class retail
the University of Botswana, to my current role as CEO of Letshego financial services organisation - watch
Fergus Ferguson entered Botswana three years ago. Letshego this space as we digitise our lending
Athe financial services is one of Botswana’s leading financial processes in truly innovative ways
industry and found his passion, services companies, and to be given the that benefit Batswana,” highlighted
focusing specifically in consumer opportunity to lead the group’s largest Ferguson.
credit risk, an area of expertise he has subsidiary has been a great opportunity.
since specialised in, given the enabling Being at the forefront of developing Letshego’s Response to
impact effective credit can provide for and driving strategy for Letshego COVID-19
emerging and growing economies. As Botswana, building a compelling story
the backbone of Letshego, Ferguson for colleagues and other stakeholders With the world feeling the effects of
believes commercial strategies can alike has been challenging and yet COVID-19 pandemic, the virus has
and should be structured to bring fulfilling,” noted Ferguson. According had an impact on the lives of Letshego
tangible sustainable benefits to broader to him, in the last year, Letshego has colleagues, customers, government,
communities, hence his synergy with maintained a strong book, improved economy and society at large. Ferguson
Letshego – a Botswana-born entity that the risk profile by enhancing the stated, “Our priority remains the health
has always sought to expand access to Company’s ability to manage solutions and wellbeing of our colleagues and
credit and financial services with the with customers’ unique levels of customers, and as such, Letshego has
objective of promoting productive loan affordability and expanded its offering implemented pandemic response plans,
use, and ultimately improving the lives to Small and Medium Entrepreneurs. health interventions and precautionary
of individuals. Last year the profits passed the P500 policies to protect our people and
million mark for the first time. “The
“Having spent several years in the future is bright as Letshego journeys Continues in Page 10
Noble Magazine // July - August 2020 9