Botswana’s giant financial services provider, Letshego Financial Services, last week announced the selection of four winners of its Kgatelopele Promotion, designed to add value and help clients come up with an additional revenue stream.
The promotion, which ran from August 2013 till February 2014 culminated in the four winners being chosen from Letshego’s geographical segmentation regions of Gaborone, Francistown, Palapye and Ghantsi. Each received a package of mobile kitchen trailers worth P42 000.00, P5 000.00 cash as start-up capital, and training on running a business. The trailers are equipped with a gas grill, a stove, sink, water storage, and shelving.
“The training is aimed at imparting skills and equipping them with knowledge they need to be able to profitably and sustainably run these small businesses. We often take it for granted that once you have a resource such as a mobile trailer everything, including money, will start pouring in. In a nutshell, we wanted to do something that would make a difference to people’s lives,” said KabeloKwape, Letshego Sales and Marketing Manager.
The two-day training for the winners covered compliance with government regulations for small businesses and capacity development covering topics such as record keeping and sustainability of the business.
Kwape also hinted that Letshego is looking into financing SME’s (small and medium enterprises). He said even though other financiers may be currently funding SME’s, Letshego would look at the gaps and come in with solutions to address them. Letshegowas established in 1998 with a view to giving ordinary citizens the tools they need to lift themselves from poverty and economic challenges.
Since its formation in September 1998, Letshego has experienced rapid growth and evolved from being just a consumer lending entity to a fully-fledged financial services company. Over the years it has introduced innovative products and services which include legal insurance, funeral insurance and personal development Loans. What underpins the development of these financial solutions is the company’s understanding of the market it operates in and its commitment to the development of quality products and solutions to meet the needs of its clients.