MMB, Post Bank ink deal for customer loans

‘MAKERESEMESE LETUKA

MASERU – A Lesotho Post Bank and the Maluti Mountain Brewery (MMB) business partnership facilitating financial loans for the brewing company’s customers was on Wednesday sealed in Maseru.

Conceived to as a strategic partnership the companies signed a Memorandum of Understanding to serve customers who meet the bank’s qualifying criteria to secure loans at concessionary rates, to meet their business demands for stock.

The loans will range from M5 000 to M5 million, according to agreed terms.

“This collaboration has the following benefit packages: the MMB customers will have access to finance and to meet short term needs for stock at concessionary rates. This facility will enable them to grow and expand their businesses,” said ‘Mapeete Ntjana, Performance and Planning Manager at the MMB.

“We give affordable loans, and zero cash deposit fees…this year we want to have help at least 3 000 Basotho business owners,” said the bank’s Managing Director Molefi Leqhaoe.