Lesotho

Business overview

In 2007, Select sold its business operations in Lesotho to local shareholders. In 2013, Select re-established its presence in Lesotho. Lesana Lesotho was established. Our target market in Lesotho is similar to that of Eswatini (Swaziland) with loans granted to salaried employees who meet our stringent loan approval criteria, thereby ensuring a responsible minimum level of take home pay. Our growth strategy for the Lesotho business is to expand our client base by offering products that are tailored to the local market and moving away from generic credit offerings.