Letshego Uganda Limited
Region and country of operations: Africa, Uganda
Jurisdiction of registration: Uganda
Business sector: Microfinance
Date of agreement (month/year): 9/2018
Finnfund’s financing: USD 5,000,000
Size of project/financing: approx. USD 80,000,000
Environmental and social category: FI-B
Letshego Group is a financial institution aiming to provide financial services to the financially under-served. Its subsidiaries in 11 African countries provide simple, appropriate and accessible consumer, microfinance and savings solutions to more than 300 000 customers. The funding provided by Finnfund will be allocated to strengthen the microfinance portfolio of Letshego Uganda.
Main development impact
Main development effects are estimated to be created indirectly through the underprivileged microfinance clients, who are able to improve their livelihoods through the financing provided in an underdeveloped market. Letshego’s clients use microfinance mainly for housing and education purposes or for expanding their micro, SME or agribusiness activities. Letshego is committed to enhancing financial inclusion by developing agency and digital banking services, which brings financial services also to the rural customers.