LetsGo is the mobile app of Letshego Microfinance Bank. Letshego MFB is under the umbrella of Letshego Holdings Limited, a pan-African inclusive finance organization with a presence in 11 countries and a rich legacy spanning more than 25 years, originating in 1998 in Gaborone, Botswana.
Is LetsGo Legit?
The critical factor in assessing the legitimacy of the LetsGo mobile application lies in its association with the well-established corporate entity, Letshego Microfinance Bank (of Letshego Holdings Limited). Letshego Holdings Limited began its journey in 1998 as Micro Provident Botswana Limited, a microfinance institution initially focused on providing unsecured loans to gainfully employed clients. Letshego Microfinance Bank (a subsidiary of Letshego Holdings Limited) is duly licensed by the regulatory authorities in Nigeria as a National MFB, and it holds licenses to operate in other countries where it maintains a presence. The LetsGo app, powered by Letshego, is readily available for download on both Apple’s App Store and Google’s Play Store, boasting an impressive user base of over 100,000 downloads.
Services Offered By LetsGo
- Savings and Fixed Deposit: Through LetsGo, you can conveniently save with Letshego, ensuring guaranteed access to your funds whenever and wherever you require them. Letshego offers competitive interest rates on savings and fixed deposits.
- LetsGo Cards: LetsGo cards are universally accepted by ATMs and provide an accessible, straightforward, and adaptable financial solution, helping you save on cash-related fees. These cards can be employed for online transfers, purchases, and bill payments.
- Step-Up Loans: Designed for micro, small, and medium enterprises, Letshego Step-Up loans cater to manufacturers, artisans, retailers, wholesalers, and more. Eligible businesses must have a minimum operational history of 6 months to access loans of up to N20,000,000.
- Education Loans: Letshego Education loans target educational institutions, tutorial centers, creches, teachers, parents, and school suppliers. Qualified entities and individuals can access loans of up to N20,000,000.
- Consumer Loans: Letshego Consumer loans extend to both Government and Non-Government employees, encompassing State and Federal Government Civil Servants as well as private sector employees receiving regular salaries. With these loans, you can access up to N3,000,000 without the need for guarantors or collateral.
- Housing Loans: Letshego Housing loans are suitable for individuals in the public and private sectors, including business owners. These loans can be utilized for either business or residential purposes, and eligible individuals can secure loans of up to N20,000,000.
- Agriculture Loans: Letshego Agriculture loans provide vital support to businesses within the agricultural ecosystem, including farmers, agricultural machinery dealers, and processors. Qualified entities and individuals can access loans of up to N10,000,000.
- Health Loans: Businesses operating within the health sector, such as hospitals, pharmacies, health centers, and clinics, can benefit from Letshego Health loans. Qualified facilities have the opportunity to secure loans of up to N10,000,000.
- Easy Loans: Letshego Easy loans are tailored for employees of reputable organizations, aimed at addressing personal financial needs like rent, school fees, medical bills, and more. Eligible individuals can access loans of up to N3,000,000.
Pros of LetsGo Powered By Letshego
- Established Entity: LetsGo operates under the umbrella of Letshego Microfinance Bank, a well-regarded financial institution with a substantial track record and required licensing.
- Diverse Financial Solutions: LetsGo offers a comprehensive range of financial products, catering to the savings, lending, and payment needs of a diverse clientele.
- Accessibility: The mobile app ensures easy access to Letshego’s financial services, providing customers with convenience and flexibility.
Cons of LetsGo Powered By Letshego
- Limited User Reviews: While LetsGo enjoys a significant user base, detailed user reviews and ratings on app stores are limited, making it challenging to gauge the overall customer experience.
- Competitive Landscape: The financial services industry is highly competitive, and LetsGo faces competition from numerous established players.
LetsGo Powered By Letshego is a mobile app backed by the reputable Letshego Microfinance Bank, offering a range of financial services to a diverse customer base. With a solid foundation, Letshego’s licensing, and an array of financial solutions, LetsGo provides accessibility and convenience to its users. While the lack of extensive user reviews poses a challenge for comprehensive assessment, LetsGo’s association with Letshego Holdings Limited, a pan-African inclusive finance organization, contributes to its credibility. As with any financial service, individuals should conduct their due diligence and consider their specific financial needs before engaging with LetsGo.
