Letshego Botswana will deliver over 18 000 laptops for students and teachers through its Micro and Small Entrepreneurs (MSE) purchase order financing scheme. The funding facility, which is valued at P56 million, supports local small business owners to contract with the government in delivering top-class technology laptops to students and teachers across 34 secondary schools. About 16, 504 laptops will be given to students and 1, 539 laptops to teachers.
The supply agreement for the purchase of the laptops is sponsored by the Ministry of Basic Education (MoBE) and facilitated by Botswana Communications Regulatory Authority (BOCRA) through the Universal Access and Service Fund. Letshego Botswana Chief Executive Officer, Fergus Ferguson said access to finance and formal lines of credit persist among the top challenges that Micro and Small
Entrepreneurs face on daily basis, particularly in middle-income segments, where SMEs are constrained due to a lack of collateral security. “Letshego Botswana is here for our communities. Digitising our schools and learning techniques unlocks a bright future for our future leaders and our teachers. Small Business owners are also valuable contributors to our local economies and provide increasing levels of employment in a tough economy. Letshego is here to change lives and this facility not only is it in line with our purpose to achieve a tangible and measurable social impact, but also because we all need to play a role in building a bright future for all Batswana.” Letshego Botswana’s facility ticks several social impact boxes in line with the brand’s purpose to leverage its inclusive finance strategy to improve lives.
The facility also empowers local small business owners, through customised invoice discounting and purchase order finance products.
The supply agreement for the purchase of the laptops is sponsored by the Ministry of Basic Education (MoBE) and facilitated by Botswana Communications Regulatory Authority (BOCRA) through the Universal Access and Service Fund. Letshego Botswana Chief Executive Officer, Fergus Ferguson said access to finance and formal lines of credit persist among the top challenges that Micro and Small
Entrepreneurs face on daily basis, particularly in middle-income segments, where SMEs are constrained due to a lack of collateral security. “Letshego Botswana is here for our communities. Digitising our schools and learning techniques unlocks a bright future for our future leaders and our teachers. Small Business owners are also valuable contributors to our local economies and provide increasing levels of employment in a tough economy. Letshego is here to change lives and this facility not only is it in line with our purpose to achieve a tangible and measurable social impact, but also because we all need to play a role in building a bright future for all Batswana.” Letshego Botswana’s facility ticks several social impact boxes in line with the brand’s purpose to leverage its inclusive finance strategy to improve lives.
The facility also empowers local small business owners, through customised invoice discounting and purchase order finance products.
