Page 9 - Noble Magazine • July-August 2020-1

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 spans more than 21 years of improving lives since first opening its
Micro or Small Entrepreneurs Botswana Citizen or majority
with a valid purchase order shareholder is a Motswana citizen doors in Gaborone in 1998. Their journey is testament to the Group’s commitment to
delivering sustainable value in all the communities where they operate. Achieving
a measurable social impact is central to the Company’s strategy, which is why it
Caution: Borrowing more than you can afford can lead to financial difficulties encourages its customers to use funds for productive purposes such as education,
healthcare and business expansion. Letshego’s annual ‘Improving Life Campaigns’
*Terms and conditions apply demonstrate the value in using funds for productive purposes by rewarding those
customers who have managed to not only improve their own life with a Letshego loan,
but also the lives of many others. Noble Magazine interviewed the man in the big
FOR MORE INFORMATION CALL: seat, Letshego Botswana Chief Executive Officer, Fergus Ferguson to get an
+ 267 364 3300 / +267 398 4733 in-depth view into what 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 Botswana three years ago. Letshego digitise our lending processes in truly
the University of Botswana, is one of Botswana’s leading financial innovative ways that benefit Batswana,”
Fergus Ferguson entered the services companies, having the highlighted Ferguson.
Afinancial services industry opportunity to lead the group’s largest
and discovered his passion, in consumer subsidiary has been a great opportunity. Letshego’s Response to
credit risk, an area of expertise he has Being at the forefront of developing COVID-19
since specialised in, given the enabling and driving strategy for Letshego
impact effective credit can provide for Botswana, building a compelling vision With the world feeling the effects of
emerging and growing economies. As for colleagues and other stakeholders COVID-19 pandemic, the virus has
the backbone of Letshego Botswana, has been challenging and yet fulfilling,” had an impact on the lives of Letshego
Ferguson believes commercial strategies noted Ferguson. staff, customers, government, economy
can and should be structured to bring and society at large. Ferguson stated
tangible sustainable benefits to broader According to him, in the last year, that their top priority remains the
communities, hence his synergy with Letshego has maintained a strong book, health and wellbeing of their staff and
Letshego – a Botswana-born entity that improved the risk profile by enhancing customers, and as a result, Letshego
has always sought to expand access to the Company’s ability to manage has implemented pandemic response
credit and financial services with the solutions with customers’ unique levels of plans, health interventions and
objective of promoting productive loan affordability and expanded its offering to precautionary policies to protect their
use, and ultimately improving the lives Small and Medium Entrepreneurs. Last people, customers and stakeholders.
of individuals. year their profits passed the P500 million
mark for the first time. “The future is In line with social distancing guidelines,
“Having spent several years in the bright as Letshego journeys to become a Letshego Botswana continues to operate
Group’s credit risk division, I moved truly world-class retail financial services
to my current role as CEO of Letshego organisation - watch this space as we Continues in Page 10

Noble Magazine // July - August 2020 9