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Micro Provident Botswana Limited

Sector: Government • Location: Botswana

Source: International Finance Corporation (IFC)

Project
Completed

Micro Provident Botswana Limited (Letshego) is a leading consumer finance company in Botswana. It was founded by Micro Provident Limited (MPL), an Isle of Man company, in 1998 as a private entity, after which it converted to a public enterprise in 2002, and listed on the Botswana Stock Exchange in September 2002. The company provides short to medium-term micro loans to employees of governmental,

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The project “Micro Provident Botswana Limited” is an infrastructure initiative in the Government sector, located in Botswana. Taiyo aggregates data on it from International Finance Corporation (IFC).

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completed

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Description

Description

Micro Provident Botswana Limited (Letshego) is a leading consumer finance company in Botswana. It was founded by Micro Provident Limited (MPL), an Isle of Man company, in 1998 as a private entity, after which it converted to a public enterprise in 2002, and listed on the Botswana Stock Exchange in September 2002. The company provides short to medium-term micro loans to employees of governmental, quasi-governmental and private sector companies in Botswana, with the loans being repaid by payroll deduction. MPL is interested in disposing of a portion of its interest. IFC alongside Pan-African Investment Partners and Pan-Commonwealth African Partners (the Funds), two investment funds managed by Zephyr Africa Management Company (Zephyr), are considering acquiring a minority position in Letshego and supporting the Company’s growth.

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Source reliability

High

Data quality score

100%

Source

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