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The Mobile Credit Score, recently launched by gnuGrid CRB and Airtel Mobile Commerce Uganda Limited (AMCUL), will rapidly close the information asymmetry challenge in bottom-of-the-market lending, enhancing two-way lender-borrower trust and in due course shall reduce the cost of borrowing, Giles Aijukwe, the Chief Executive Officer of Letshego Uganda, one of the leading non-deposit-taking lenders has said. Mr. Aijukwe, who was a panellist at the launch of the Mobile Credit Score, hailed the Mobile Credit Score, the first of its kind as a transformational solution and said that it was mutually beneficial to lenders and borrowers alike. The first…
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Letshego Nigeria has won the prestigious 2023 Affirmative Finance Action for Women in Africa (AFAWA) Award at the just-ended African Banker Awards. The awards were held in Sharm-El-Sheikh, Egypt on 24th May 2023. Letshego was feted for allocating at least 63% of its loans to women-led SMEs in just one year. The award is a joint initiative of the African Development Bank (AfDB) and African Guarantee Fund, that acknowledges and encourages initiatives aimed at propelling financial inclusivity for “Women across the African continent”. The AfDB’s AFAWA is a Pan-African initiative to bridge the $ 42 billion financing gap facing women…
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Letshego Uganda Limited has dismissed accusations of cheating teachers and policemen in Loans Scam On Thursday, May 21, 2020, a local newspaper published a story, quoting police sources that up to 5000 teachers and policemen had been cheated in a loans scam orchestrated by yet to be named Ministry of Public Service officials in collusion with the lender’s staff. According to the story and police sources, money would be fraudulently credited to accounts of public servants’ accounts, even when they had not applied for loans in the first place. The said erroneous recipients would then be followed up by certain…
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Kampala, Uganda: Letshego Holdings Ltd, under its subsidiary Letshego Uganda, has today handed over a consignment of water, sanitizers and food rations worth USD10,000 (UGX38,000,000U) to the Uganda Police Force in support of the force’s efforts in keeping the rule of law during the Covid-19 pandemic. The consignment of supplies was handed over by the Letshego Uganda’s Ag. Chief Executive Officer, Mr. Giles Aijukwe to AIGP Asan Kasingye on behalf of IGP Martin Ochola at Uganda Police headquarters in Naguru. “The role of the Uganda Police Force can never be understated. If anything, it is their diligence, round-the-clock supervision that…
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