The COVID-19 pandemic hit the world with devastating impacts. Besides being a global health crisis, the resulting effects of the outbreak have become a serious threat to the economy and the survival of businesses across every sector worldwide.
Micro and Small Entrepreneurs (MSEs) are most affected as they typically have slow collections and receivables and weak cash flows, which significantly affects how quickly they can make payments for operations and to their suppliers. In rallying to Improve Lives and increase support to Micro and Small Entrepreneurs, Letshego Nigeria MFB have doubled their resolve to develop solution-driven loans that empower and support small businesses to continue to sustain, grow their business and realise their dreams.
Letshego MFB aims to Improve Lives by focusing on our customers’ economic wellbeing to achieve a sustainable impact through support to individuals, Micro and Small Entrepreneurs (MSEs), Educational Institutions and Affordable Housing. Our loans are open to entrepreneurs who have been in business for a minimum of six months. The aim is to support businesses at an affordable rate, whilst offering a term financing with monthly interest accrued on a reducing balance basis thereby ensuring that you only pay interest on the outstanding principal portion instead of a fixed principal amount. This tailored solution, also offers a repayment period of 3 to 24 months depending on your specific needs.
For more information on how to apply and begin your journey to a more secure future of your business, visit www.letshego.ng today.