country | Lesotho

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Measuring Progress: Financial inclusion in SADC – 2019...

The MAP country implementation is a key pillar of the SADC Financial Inclusion strategy, implemented with the SADC Secretariat and the SADC Committee for Central Bank Governors (CCBG). The SADC CCBG as part of the 2020 strategy committed to a repository of statistics to measure domestic and regional financial inclusion on the basis of our […]

SADC FI
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SADC Financial Inclusion – Measuring progress

The SADC Financial Inclusion programme at FinMark Trust (FMT) has been compiling monitoring information on financial inclusion indicators in selected SADC countries since 2017. This activity is in partnership with the UNCDF, as part of the SADC Making Access Possible (MAP) programme, which supports financial inclusion through a process of evidence-based country diagnostics leading to […]

SADC FI
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Measuring Progress: Financial inclusion in SADC – 2018...

Financial inclusion is a means to an end – the end being improved household and individual welfare and a positive impact on those activities that contribute to production and economic growth. The latter in turn can have a positive impact on further financial sector development. Access to financial services is highlighted in many of the […]

Deepening Financial Inclusion
SADC Consumer MAP
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Top six insights on Gender from FinScope data across the SAD...

FinScope data analysis has revealed many insights on gender. The analysis shows high levels of exclusion for women in Southern African Development Community (SADC) with a recorded 35% of women excluded, compared with 30% for men. This reflected a gender gap of 5% compared to the global gender gap of 7%. Some of these gender […]

FinScope
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Shoprite Lesotho cross-border remittance product achieves R1...

The Shoprite cross-border money remittance product reached the R1 billion mark in January, after just three years of it being implemented between SA and Lesotho. The cost of a transfer of R900 is 2%, which is one of the cheapest cross-border products in the world. A remittance is when a person sends money, usually small […]

SADC Payments and Remittances
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Shoprite Lesotho Cross-border remittances

Media release: Shoprite Lesotho cross-border remittance product achieves R1 billion mark The Shoprite cross-border money remittance product reached the R1 billion mark in January, after just three years of it being implemented between SA and Lesotho. The cost of a transfer of R900 is 2%, which is one of the cheapest cross-border products in the […]

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Hackathon: 2018 Lesotho SIMM Hackathon Report

Access to formal and semi-formal financial services is limited in Lesotho, especially for low-income and rural populations. The majority of Basotho are excluded from the formal credit system, while restricted accessibility and high pricing of banking products further limits uptake. The Lesotho Government has identified a lack of access to financial services as a major […]

SADC FI
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Lesotho MAP Roadmap 2014 – 2020 Report

This roadmap document is produced as part of a series of documents in the Making Access Possible (MAP) Lesotho initiative. MAP Lesotho was conducted as a result of a formal request by the Government of Lesotho, via the Ministry of Finance in August 2013. The MAP project is formally hosted by the Ministry of Finance, […]

SADC Consumer MAP
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Jump-starting mobile money innovation for the advancement of...

A financially inclusive system serves every individual’s needs by empowering them to manage liquidity, achieve goals and face shocks, ultimately contributing to an improved quality of life. The use of formal financial services is limited in Lesotho, particularly for low-income and rural populations (69% of Basotho adults are estimated to live in rural areas [1]). […]

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The Impact of Remittances in Lesotho, Malawi and Zimbabwe

Households in sub-Saharan Africa have a long tradition of cross-border migration and associated remittances. During periods of economic or political instability, or simply when opportunities at home are scarce, the funds remitted by migrants are a lifeline that can help keep food on the table, children at school, and roofs over heads. However, from an […]

SADC Payments and Remittances
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FinScope MSME Survey Lesotho 2016 Pocket Guide

FinScope MSME Lesotho was designed to involve a range of stakeholders engaging in a comprehensive consultative process, thereby enriching the survey and ensuring appropriateness and buyin. The Ministry of Small Business Development, Cooperatives and Marketing (MSCM) is grateful to all individuals who participated in this project, including the steering committee (SC) constituting of Ministry of […]

FinScope MSME
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New Facts and Figures from FinScope MSME Survey Lesotho 2016

Maseru, 03 November 2016: FinMark Trust (FMT) in conjunction with the Ministry of Small Business Development, Cooperatives and Marketing; and the Ministry of Finance released the results of the FinScope Micro, Small and Medium Enterprises (MSME) Survey Lesotho 2016 survey results today. This was the first FinScope MSME Survey conducted in Lesotho. The FinScope MSME […]

FinScope MSME
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Agricultural Subsidies in SADC Countries

FinMark Trust has commissioned this research as part of its broader mandate to improve financial inclusion of the poor. In this case, given the significance of the agricultural sector in most Southern African Development Community (SADC) countries, the stated purpose has been to assist SADC and SADC states to make informed decisions regarding the payment […]

FinScope
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Shoprite Money Transfer Launched In Maseru – Allows For Re...

Johannesburg, 09 July 2015. The Shoprite Money Transfer cross-border remittances facility will be officially launched in Lesotho on Friday 10 July 2015, in Maseru by the Minister of Finance Dr. Mamphono Khaketla. This cross-border money transfer project is the outcome of FinMark Trust continuous advocacy for cheaper official remittance channels in the SADC region. It is […]

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Shoprite Money Transfer

This cross-border money transfer project is the outcome of FinMark Trust continuous advocacy for cheaper official remittance channels in the SADC region. It is a result of intensive consultations with the South African Reserve Bank, Shoprite South Africa and Shoprite Lesotho, as well as Capital Bank in South Africa to provide the people of Lesotho […]

SADC Payments and Remittances
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Lesotho corridor allows remittances at low affordable rates

Johannesburg, 03 March 2015. Remittances from RSA to the SADC region are the most expensive in the world with fees in excess of 22% for remittance value of $200. The value of remittances from South Africa to other countries in the SADC region is large and a substantial portion of these remittances is informal – sent […]

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Lesotho MAP Diagnostic 2014 report

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 […]

SADC Consumer MAP
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Lesotho MAP Qualitative 2014 Report

This document is a summary of the demand-side research that was conducted in Lesotho as part of the Making Access to Financial Services Possible (MAP) study to complement the quantitative analysis of FinScope survey data. The MAP study is conducted in a number of countries. It aims to develop, pilot and codify a toolkit of financial […]

SADC Consumer MAP