The National University of Lesotho (NUL) Innovation Hub’s Phuthalichaba has just registered two businesses, one for mobile money and another for the buying of shares online. Lebelo is a new mobile money platform that is not only designed for you, it will also be owned by you. On the other hand, Phuthalichaba Investments is a platform that will allow people all over the world to buy shares in Lesotho companies online and wherever they are.
“Many Basotho investors have noted the emergence of innovative business activities in Lesotho,” says Mr Tebello Tjapela, the CEO of Phuthalichaba, “they just don’t know how to become part of such businesses.” Investors from other countries, especially South Africa and Botswana, have grown impatient with us for the absence of a share-buying platform. They have are ready to join the bandwagon but they don’t know how.. Phuthalichaba Investments will allow such people to buy and sell shares online by playing the role of a broker.”
Phuthalichaba is working with the Central Bank of Lesotho for the approval of the platforms.
(Join Phuthalichaba here from the comfort of your home and wherever, in the world, you are: www.phuthalichaba.com/register
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Known as “The Future Bank of the People “, Phuthalichaba is the fastest growing registered financial cooperative in Lesotho; incubated under the NUL Innovation Hub. Its aim is to become Lesotho’s first and true Development Bank which will invest in innovative businesses owned by Basotho.
Every member must save monthly (Compulsory Monthly Savings). You choose how much you want to save per month but the minimum amount you can save is M50.00. These compulsory savings are debited from your bank account through a debit order, which is charged M15.00 or any other amount, depending on your bank.
(WhatsApp or call these numbers for more information: +266 56037658 ).
Why join PhuthaLichaba?
1. PhuthaLichaba is a legally registered cooperative, incubated under the NUL Innovation Hub, which aims to create both a Commercial and a Development Bank in the future.
2. That bank will be Lesotho’s only financial institution which will strengthen innovative local businesses by buying shares in them, growing them to become big regional and international players.
3. If you are a member (and therefore a shareholder in Phuthalichaba), you indirectly become a shareholder in the businesses which Phuthalichaba will create or invest in; with associated benefits.
4. Immediate membership benefits include access to finance through borrowing at very low interest rates. They also include a chance for you to save your own money in an entity that is truly owned by you.
Join PhuthaLichaba here: www.phuthalichaba.com/register
.
What makes Phuthalichaba different?
1. Being part of the NUL Innovation Hub, Phuthalichaba seeks to be at the cutting edge of financial innovations in Lesotho.
2. It is brought together, and it is led by some of the most innovative minds Lesotho has produced.
3. It is one of the few (if any) 100% paperless and cashless institutions in Lesotho. Yes, no one handles cash or touches paper at Phuthalichaba. We use technology to the maximum! If you visit our offices at the NUL Innovation Hub, you only find employees and their computers, nothing else. All our meetings are held online, including general meetings.
4. All financial transactions are handled by the banks, so Phuthalichaba is transparent in the way it handles people’s hard-earned cash. That means all its financial transactions are traceable and they are permanently held by a third party, which is the bank.
Did you know?
1. That Phuthalichaba now has its savings at M 1,060,644.37 and it has its membership at 600 on its way to creating Basotho’s own Bank?
2. That, apart from Lesotho, Phuthalichaba has members residing as far as Taiwan, Canada, United States, United Kingdom, Mozambique, Belgium and South Africa?
3. That, in fact, you can join Phuthalichaba from anywhere in Lesotho or anywhere in the world as long as you have a bank account in Lesotho and you are a citizen of Lesotho?
4. That PhuthaLichaba is creating three more financial institutions which are: Lebelo Mobile Money, Phuthalichaba Investments and Phuthalichaba Finance? (more about this in the future).
5. That even new-born babies can become members of Phuthalichaba by saving through their parents’ accounts as long a they have Identity Documents?
So join PhuthaLichaba now because, quite frankly, it is an earthquake waiting to happen in the financial landscape of Lesotho.
Join here: www.phuthalichaba.com/register
(WhatApp or call these numbers for more information: +266 56037658)
