Bank to educate soldiers on financial literacy

Bank to educate soldiers on financial literacy

MASERU – THE Managing Director of the Lesotho Post Bank, Molefi Leqhaoe, says his bank is set to educate members of the army on financial literacy.
He made the statement during a ceremony to hand over office furniture to the Lesotho Defence Force (LDF) welfare scheme last Friday.
The furniture included a printer, four tables, six chairs, four drawers, two long chairs and four lockers.

Leqhaoe said Lesotho Post Bank is for Basotho and it is always easy to work with other Basotho as this bank belongs to them.
He said Lesotho needs people who can work together and to achieve this, he promised to bring his staff to offer soldiers financial literacy skills.
“I realised that financial literacy is lacking therefore we will help the soldiers with it too,” he added.

He said the bank had struggled in the past but now they are the second biggest bank in terms of profits.
Leqhangoe also said people used to say Post Bank did not have some services like internet but now “our customers can buy electricity and pay water bills using the internet.”
“Post Bank will always be here, we will help people get loans with less interest,” he said.

In his vote of thanks, Major General Matela Matobakele said Lesotho Post Bank is indeed a Basotho bank with well intentioned-plans to help the nation.
Maj Gen Matobakele on behalf of Lt General Mojalefa Letsoela solicited computers for their computer lab.
He said they have out-dated computers.

He said members of the army had always wanted to have their own bank but failed to do so because they could not meet certain requirements set by the Central Bank of Lesotho.
“So we are going to work with the Post Bank,” he said.
Maj Gen Matobakele asked Post Bank to install ATMs at Makoanyane, Ratjomose and Lifofaneng military posts.

He said the community living close to those military posts will also benefit.
’Mathabo Tšehlo from the Post Bank said her bank was competing with other companies on the scheme and “we thank the LDF for choosing us”.
She also thanked her manager for accepting the LDF request for office equipment.
Tšehlo said half of the soldiers use her bank and she wants all of them to switch to Post Bank because they will not queue in lines like at other banks.

Nkheli Liphoto

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