Standard Lesotho Bank (SLB) has provided business loans totalling over M127 million for commercial entities in Lesotho since the launch of its trade finance solutions in April last year.
This was revealed by Keketso Makara, the SLB’s Head of Business and Commercial Banking, as the organisation launches its Trade Campaign for 2025.
This initiative is part of SBL’s efforts to conscientise Basotho on available options that respond to the challenge of access to finance for businesses, particularly those in enterprise and commercial banking.
Makara said these offerings are designed to bolster the critical role businesses play in the country’s economy, serving as the backbone of the supply chain and significant employers for Basotho families.
“As a leading bank for entrepreneurs in Lesotho, we thrive on exploring new solutions to address the challenges faced by our businesses.
“The relaunch of our trade finance products is testament to the fact that we have put together a solid portfolio that has expanded opportunities for small, micro, and medium enterprises as well as commercial businesses operating in Lesotho,” he noted.
He added that SBL aims to ensure that businesses, regardless of size, have the necessary capital to sustain operations and achieve growth.
