This diagnostic report forms part of a series of documents produced as part of the Making Access to Financial Services Possible (MAP) Lesotho initiative. This report applies the MAP diagnostic and programming framework to support expanding access to financial services. The application of MAP in this report considers the opportunities, challenges and scope for the development of inclusive financial markets in Lesotho. This report includes demand-side, supply-side and regulatory analyses covering payments, savings, credit and insurance. It draws upon a survey of the demand for financial services in Lesotho (FinScope) undertaken in 2011, as well as qualitative demand-side research undertaken in both urban and rural areas.