About Letshego Bank Tanzania
Letshego Bank Tanzania is a commercial bank regulated by the Bank of Tanzania. Its social mission is to provide suitable and sustainable financial services to micro, small, and medium-sized entrepreneurs, and to low and medium income employees. It operates as a microfinance bank.
Letshego Bank Tanzania Limited, commonly known as Letshego Bank is a commercial bank in Tanzania, licensed by Bank of Tanzania, the central bank and national banking regulator.
Letshego Bank Tanzania is a commercial bank regulated by the Bank of Tanzania. Its social mission is to provide suitable and sustainable financial services to micro, small, and medium-sized entrepreneurs, and to low and medium income employees. It operates as a microfinance bank. As of March 2014, the shareholders equity was valued at about €5.2 million (US $6.5 million or TZS:11.4 billion). At that time, customer deposits totaled approximately €1.8 million (US $2.23 million or TZS:3.9 billion). It is estimated that the bank’s total assets in March 2014 totaled €7.0 million (US $8.7 million or TZS:15.3 billion).
The bank, then known as Advans Bank Tanzania received a commercial banking license from the Bank of Tanzania in May 2010. In February 2011, the bank opened its first branch in Dar es Salaam, the commercial capital city of Tanzania, and the largest city in that East African country. Opening with a staff of eighteen, the bank planned to open more branches in Dar es Salaam and other areas of the country.
Ownership
The institution opened in 2011 as Advans Bank Tanzania, a joint venture between Advans SA, a venture capital firm registered in Luxembourg as majority shareholder (70 percent), and Netherlands Development Finance Company (FMO) (30 percent). Advans SA aims to establish microfinance financial institutions in emerging economies. Founded in 2005, Advans SA owns microfinance institutions in the Democratic Republic of the Congo, Cameroon, Ghana, Cambodia, Pakistan, Cote d’Ivoire, and Tanzania. As of March 2011, Advans SA had invested in excess of US $76 million (EUR:55 million) in the countries where they operate. In November 2015, Letshego Holdings Limited of Botswana acquired 75 percent in the bank by investing US$7 million in new shares.[4]
The table below depicts the shareholding within Letshego Bank Tanzania, as of November 2015.
| Rank | Name of Owner | Percentage Ownership |
|---|---|---|
| 1 | Letshego Holdings Limited of Botswana | 75.0 |
| 1 | Advans SA of Luxembourg | 17.5 |
| 2 | Netherlands Development Finance Company of Netherlands | 7.5 |
| Total | 100.00 |
Letshego Bank Tanzania Loan
Letshego Bank Tanzania lends property and cash loans at the rate you need, there are loans for entrepreneurs and small business owners who need to grow their businesses and capital according to their income. Letshego Bank Tanzania gives you the opportunity for a businessman & entrepreneur to borrow the amount of money you need. they also offer property and cash loans to government employees and companies click here so you can check the methods and criteria for getting a loan.
Letshego group focuses on rendering underserved people with mutual access to appropriate financial solutions. They make Letshego loans to suit customers’ needs. This helps customers to lift themselves in times of need and their communities. They are also there to help you make that change in your life that can sustain you and grow your income.
Repayment duration
Letshego short term duration is 3 months and their long-term loan covers a period of 60 months. Approximate average is 12 months.
How to apply for Letshego loans
To apply for Letshego, follow these basic steps:
- Log into their website
- Choose Kenya from the country list
- Choose personal loans or MSE purchase order loans
- For personal loans, complete all personal profiles and other information.
- Upload your documents
- Go through the declaration section, accept by clicking “YES”. If referred by a salesperson, enter his/her
- name and location.
- Input your name as the electronic signature
- Click on finish
- Get your loan in 48hrs.
For more information About Loans you can Click Link Below
- Letshego Bank Tanzania Loan: https://loanspot.io/ke/letshego-loans/#
Letshego Bank Tanzania Address, Location and Contact Details
Head Office
- Tower C, Zambezi Towers, Plot 54352, Central Business District, Gaborone, Botswana
- Tel: +267364 3000
- Fax: +267364 3312
- Email: [email protected]
Job Vacancies, career and Internships at Letshego Bank Tanzania
NMB uses creative recruitment practices that ensure all applicants are carefully evaluated. Letshego Bank Tanzania Job vacancies are normally advertised through the Official Letshego Bank Tanzania Tanzania career website page which can be accessed through this link –
Find and apply for jobs advertised by Letshego Bank Tanzania by browsing the links listed below:
Letshego Bank Tanzania useful links
- Letshego Bank Tanzania website: https://www.letshego.com/
- Letshego Bank Tanzania job vacancies – careers page: https://letshego.jb.skillsmapafrica.com/
