The Central Bank of Lesotho (CBL) this week launched a nationwide campaign to raise awareness about the Lesotho Registry of Interests in Movable Assets (LERIMA), a digital system designed to improve access to financing for micro, small, and medium enterprises (MSMEs).
LERIMA allows businesses and individuals to use movable assets, such as equipment, inventory, and vehicles, as collateral when seeking credit. The system aims to address challenges related to limited access to finance, a major contributor to Lesotho’s high unemployment rate.
CBL Data Analyst, Boleba Taasoana, described LERIMA as a transformative tool that enhances access to credit and strengthens the rights of those pledging movable property.
She noted that the system contributes to financial inclusion and broader economic empowerment.
“Increased utilisation of LERIMA will enable MSMEs to secure credit more easily, boosting job security and economic growth.
“It also supports financial institutions in improving collateral management, making it easier for them to develop tailored financial products for traditionally unbanked populations,” Taasoana said.
She indicated that LERIMA provides a safeguard for financial institutions in the event of loan defaults, while borrowers benefit from lower interest rates and extended repayment terms.
“LERIMA allows businesses to unlock the value of their movable assets to access capital. This not only drives growth and job creation, but also enhances financial stability within communities,” she added.
The Head of Non-Banking Supervision at CBL, Bafokeng Noosi, highlighted LERIMA’s role in transforming the credit landscape for Basotho.
He pointed out that the system opens new financing opportunities for both entrepreneurs and ordinary citizens by accepting movable assets as valid collateral.
“LERIMA empowers individuals and MSMEs by enabling them to use valuable business assets to access credit from formal lenders. We encourage participation from credit providers and small businesses to maximise its impact,” Noosi stated.
He also stressed that widespread adoption of the system can improve business confidence, expand financial infrastructure, and unlock growth potential across the country.
Phomolelo Molelengoane of Isach Holdings Credit Maputsoe shared how LERIMA has improved their operations.
“Registering with LERIMA has helped us overcome customer-related and payment challenges. It has significantly increased our operational efficiency and contributed to business growth,” he pointed out.
CBL officials are urging all MSMEs and lending institutions to register with LERIMA to take full advantage of its benefits in driving inclusive financial development.
