Matooke Republic
Wednesday, July 9, 2025
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
Matooke Republic
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
No Result
View All Result
Matooke Republic
No Result
View All Result

Letshego offers repayment holiday to its borrowers to unburden them during COVID-19 pandemic

Matooke Republic by Matooke Republic
May 6, 2020
in Business
Reading Time: 3 mins read
Aijukwe Giles, the CEO of Letshego Uganda.

Aijukwe Giles, the CEO of Letshego Uganda.

Share on FacebookShare on Twitter

As of April 1, 2020, Letshego Uganda rolled out a Repayment Holiday facility to its borrowers who are worst hit by the coronavirus pandemic that has gripped the world. A repayment holiday involves giving a customer a three-month moratorium – meaning they will not be required to pay their instalments during that duration.

Different Heads of States, in their response to the pandemic, have implored the business community to augment government initiatives to offer financial relief to their customers and specifically lenders to offer repayment holidays and loan restructuring to their customers. It is in this regard that Letshego Uganda; a subsidiary of Letshego Holdings, a premier financial services company based in Botswana and with a footprint in 11 African countries has adhered to the call.

“The Repayment Holiday allows you to take some time out from the financial burden of repayments. It is important, however, to note that this holiday mainly targets those customers whose businesses have been affected by government intervention measures during the current COVID-19 through business lockdown and closure, for example, those in sectors like education, tourism, transport, leisure and hospitality,” Aijukwe Giles, the CEO of Letshego elaborated.

RELATED POSTS

Equity Bank Uganda set to launch 2025 Top 100 mid-sized companies survey

Who is Claver Serumaga, the new Equity Bank Uganda Executive Director?

The employees/clients that belong to these sectors will apply for the holiday and be approved based on the case presented. The biggest positive about a repayment holiday is that it relieves some pressure for a while. For a period of time, you have one less thing to worry about when considering outgoings.

“In line with their operational mandate, Letshego practices responsible lending and acts in a customer’s best interests, ensuring affordability, transparency of terms and conditions as well as supporting the borrower if they experience repayment difficulties. This means that by the time they have approved your loan application, they’ve made the effort to determine whether you can repay without substantial hardship,” Aijukwe affirmed.

Letshego has designed a simple application form to be signed by the customer; that will then be scanned and sent to the branch. Customers are also encouraged to use digital and online platforms (WhatsApp and web application forms) to apply for these holidays. Furthermore, the repayment holiday is not only being extended to those in Kampala only but countrywide where Letshego has a presence.  

Aijukwe added, “A list of qualifying customers has been generated across our 45 branches countrywide and our branch teams are reaching out to them. Customers who are not yet contacted are encouraged to contact their respective branch managers and relationship officers to confirm if they qualify for the Repayment Holiday.”

Microfinance institutions were developed with the common purpose of contributing to the socio-economic changes of communities. As evidenced on numerous occasions, Microfinances have exponentially uplifted the economic status of people by providing credit to individuals and skill-based groups so that they are able to better their family and community stand. 

Related

Tags: COVID-19Letshego HoldingsLetshego Uganda
Share3Tweet2Send
Matooke Republic

Matooke Republic

Freshly peeled info from area code 256

Related Posts

First Lady Janet Museveni.

First Lady Janet Museveni recovers from COVID-19

by Matooke Republic
2 years ago

...

President Yoweri Museveni.

“I am a veteran graduate of the war against Corona,” Museveni narrates his 11-day fight against COVID-19

by Matooke Republic
2 years ago

...

President Yoweri Museveni.

I am not in ICU- Museveni

by Matooke Republic
2 years ago

...

President Yoweri Museveni and Erias Lukwago.

“It’s a strategic plan for a comeback,” Lukwago, Ssemujju raise questions over Museveni’s illness

by Matooke Republic
2 years ago

...

President Yoweri Museveni.

Museveni tests positive for COVID-19

by Matooke Republic
2 years ago

...

Next Post
Minister of Trade, Industry, and Cooperatives, Hon. Amelia Kyambadde.

“Sometimes it's just a bit of common sense” – Trade Minister Amelia Kyambadde hits at Police for blocking reopening of spare parts shops

COVID-19 times are hard: Woman eats neighbour’s flower as sauce to her posho

RECOMMENDED

President Yoweri Museveni.

You’re facing challenges because you keep electing opposition candidates – Museveni urges Kampala to vote out the Opposition

July 9, 2025
Equity Bank Uganda MD Gift Shoko.

Equity Bank Uganda set to launch 2025 Top 100 mid-sized companies survey

July 8, 2025
  • 643 Followers
  • 23.9k Followers

MOST VIEWED

  • Here is how to use NIRA’s new online portal to register or renew your national ID

    3879 shares
    Share 1552 Tweet 970
  • DNA test confirms late MP Ssegirinya was father to only 4 of 9 children presented after his death

    93 shares
    Share 37 Tweet 23
  • Kampala University proprietor Prof Kateregga’s wife rejects DNA results indicating one of three children is not his, demands fresh test in the United States

    92 shares
    Share 37 Tweet 23
  • Properties owned by late billionaire Aponye at risk of auction over Shs15 billion loan arrears

    73 shares
    Share 29 Tweet 18
  • Pastor Bugingo’s daughter Doreen Gift awarded scholarship to Arizona State University in the US

    60 shares
    Share 24 Tweet 15
Matooke Republic

Uganda's only free Newspaper. Out every Thursday. Freshly peeled info. kiwatule, Kampala, Uganda.

  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos

© Matooke Republic 2024

© Matooke Republic 2024

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.