Mozambique operations are launched

Our "greenfield" entry into Mozambique marked our first deposit-taking licenced institution. Also, Mozambique was a market with a significantly underserved low and middle income population where Letshego could bring its unique brand of customer experience and simplicity to create real micro-economic growth. Letshego Mozambique has grown to be Letshego's third largest contributor to the Group portfolio and profits, with over 70% of credit funds disbursed being reported as used for productive purposes by our customers (small business funding, property ownership, education, health, savings).