Letshego Microfinance Uganda Contributes to Uganda's Financial Inclusion Efforts

Letshego Microfinance Uganda is making a significant impact in the country's financial inclusion efforts. The company has a strong presence in Uganda, with a network of branches and agents that provide access to financial services for underserved communities.

One of the key ways Letshego Microfinance Uganda is contributing to financial inclusion is by offering a range of microfinance products and services that cater to the needs of low-income households and small businesses. These products include loans, savings accounts, and insurance services.

By providing access to financial services, Letshego Microfinance Uganda is helping to reduce poverty and improve the livelihoods of Ugandans. The company's services are designed to be affordable and accessible, making it easier for people to manage their finances and achieve their goals.

Curious to learn more? Check out: Letshego Bank Tanzania

Letshego Microfinance has a rich history that spans over 15 years. It was founded in 2005 as Micro Provident Uganda Limited.

The institution went through a re-branding process in 2012, changing its name to Letshego Uganda Limited. This change marked an important milestone in the company's growth.

In 2013, Letshego Holdings Limited acquired control of Micro Africa Limited, a Kenya-based microfinance institution with subsidiaries in Kenya, Rwanda, Uganda, and South Sudan.

You might like: Ecobank Kenya

Letshego Microfinance Uganda Limited has its roots in 2005 as Micro Provident Uganda Limited.

The institution was founded in 2005 as Micro Provident Uganda Limited.

In 2005, Micro Provident Uganda Limited was the initial name of the company that would eventually become Letshego Microfinance Uganda Limited.

It wasn't until 2012 that the business re-branded to Letshego Uganda Limited.

The re-branding in 2012 marked a significant change for the institution, now known as Letshego Uganda Limited.

In 2013, Letshego Holdings Limited acquired control of Micro Africa Limited, a Kenya-based microfinance institution.

Letshego Holdings Limited's acquisition of Micro Africa Limited in 2013 expanded the company's reach across multiple countries.

The two operations in Uganda were merged to form Letshego Microfinance Uganda Limited in 2013.

Take a look at this: Bank of Africa Uganda

Let'shego Microfinance has undergone significant growth and expansion since its inception. The company's operations expanded to Botswana in 2008, and then to Lesotho in 2010.

By 2012, Letshego had established a strong presence in the region with a network of branches and agents. This expansion allowed the company to reach a wider customer base and increase its loan portfolio.

Letshego's growth was fueled by its innovative approach to microfinance, which focused on providing financial services to underserved communities. The company's commitment to financial inclusion helped to improve the lives of thousands of people in the region.

In 2015, Letshego launched its mobile banking platform, allowing customers to access their accounts and conduct transactions remotely. This move further solidified the company's position as a leader in the microfinance industry.

Today, Letshego continues to expand its operations, with a presence in several countries across Africa. The company's commitment to financial inclusion and innovation has made it a trusted partner for customers and communities alike.

Take a look at this: Letshego Bank Namibia

Letshego Uganda has been making waves with its innovative financial solutions. The company recently launched Flash Cash, a small self-service loan of up to UGX180,000 over 30 days.

This loan is specifically designed for emergency purposes, such as family emergencies, sudden medical needs, home repairs, car breakdowns, or funds to support entrepreneurs and small business operations.

Flash Cash is a game-changer because it's accessible anytime, anywhere, and is more competitive than traditional short-term cash advance providers.

You might like: How to Get a Loan on Mtn Mobile Money Uganda

Letshego Uganda has launched Flash Cash, a small self-service loan of up to UGX180,000 over 30 days, aimed at accelerating financial inclusion for Ugandans.

This product is designed to benefit people from all walks of life, offering a convenient and hassle-free financial lifeline at a competitive market price and paperless secure service.

The Flash Cash loan is offered in collaboration with local mobile network operators MTN Uganda and Airtel Uganda, making it accessible anytime, anywhere.

Customers can access Flash Cash by registering on Letshego's LetsGo Digital Mall, which is downloadable from Android and Apple Play Store, or by clicking on www.letsgo.letshego.com.

Letshego conducts a quick digitised credit check to assess the customer’s eligibility for the required loan amount, ensuring that more people can access the service.

Customers who repeatedly repay their Flash Cash loans on time are able to qualify for a larger loan amount at their next application, promoting responsible lending and financial inclusion.

The money is disbursed directly into the customer’s Mobile Money account, allowing them to use it as they desire, including for emergencies, paying bills, or sending money to friends and family.

This innovative product is a game-changer, providing customers with immediate financial relief and the opportunity to participate in the digital economy in a sustainable and responsible manner.