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MarketScreener Homepage  >  Equities  >  BOTSWANA STOCK EXCHANGE  >  Letshego Holdings Ltd    LETS   BW0000000322

LETSHEGO HOLDINGS LTD (LETS)
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Letshego : Invest in Visions IIV Mikrofinanzfonds Lends $9m to Microfinance Institution Letshego Kenya

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12/12/2018 | 05:32am EST

Letshego Kenya, a microlending unit of Botswana-based Letshego Holdings Limited, recently borrowed USD 9 million from Germany-based Invest in Visions (IIVs) IIV Mikrofinanzfonds, a microfinance investment vehicle that lends to microfinance institutions (MFIs) in developing countries. IIV Mikrofinanzfonds loaned additional amounts denominated in a mix of euros and US dollars totaling the equivalent of USD 19 million to unidentified MFIs in Albania, Ecuador, Kyrgyzstan, Myanmar and Peru.

As of 2017, Letshego Kenya reports net advances of BWP 516 million (USD 48 million) to 26,000 borrowers, of whom 41 percent are women and 86 percent use their loans for productive purposes. The firms staff includes 55 percent women. Letshego Holdings Limited operates in 13 countries.

IIV was founded in 2006, and it launched IIV Mikrofinanzfonds in 2011. The fund, which focuses on investing in small and medium-sized MFIs in rural areas, accepts investments as small as EUR 100 (USD 118). As of September 2018, it has a volume of EUR 609 million (USD 690 million). Since 2013, IIV Mikrofinanzfonds, which has two share classes, has produced annualized returns ranging from 1.3 percent to 4.4 percent. In addition to microfinance, IIV offers services in sectors such as sustainable agriculture and social enterprises.

(c) 2018 Emirates News Agency (WAM) Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (BWP)
Sales 2015 1 166 M
EBIT 2015 1 196 M
Net income 2015 715 M
Debt 2015 1 897 M
Yield 2015 9,70%
P/E ratio 2015 5,08
P/E ratio 2016 4,46
Capi. / Sales 2015 4,66x
Capi. / Sales 2016 2,76x
Capitalization 3 538 M
Income Statement Evolution
Managers
NameTitle
Smit Crouse Group Managing Director & Director
Enos Ned Banda Chairman
Neville Perry Chief Operating & Information Officer
Colm Patterson Group Chief Financial Officer & Director
Josias De Kock Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
LETSHEGO HOLDINGS LTD336
DISCOVER FINANCIAL SERVICES12.11%22 214
BAJAJ FINANCE-0.88%21 234
SYNCHRONY FINANCIAL13.17%19 082
ACOM CO., LTD.9.40%5 587
INDIABULLS HOUSING FINANCE-6.62%4 786