Question 1

What is TL Finance?

Accepted Answer

TL Finance is a credit-only microfinance institution operating in Lesotho. The company provides lending services to individuals and small businesses who are underserved by traditional banking institutions. TL Finance is licensed and regulated by the Central Bank of Lesotho under the country's microfinance regulatory framework.

Question 2

When was TL Finance founded?

Accepted Answer

[Information not publicly available]

Question 3

Where is TL Finance headquartered?

Accepted Answer

TL Finance is headquartered in Lesotho. Specific details regarding the physical location are not publicly available, though the institution is registered with the Central Bank of Lesotho as a licensed microfinance institution.

Question 4

Where does TL Finance operate?

Accepted Answer

TL Finance operates within Lesotho, serving communities throughout the country. The institution focuses on providing credit access to underserved populations in both urban and rural areas where traditional banking services are limited or unavailable.

Question 5

What services does TL Finance offer?

Accepted Answer

TL Finance specializes in providing credit services through personal and business loans to individuals and micro, small, and medium enterprises (MSMEs). As a credit-only microfinance institution, the company does not accept deposits from the public and operates through equity funding. TL Finance's lending products are designed to serve clients who face challenges accessing conventional bank loans due to factors such as limited collateral, irregular income, or absence of formal credit history. The institution's services enable clients to pursue entrepreneurial opportunities, expand existing businesses, manage household expenses, and address financial needs that would otherwise remain unmet.

Question 6

What makes TL Finance unique?

Accepted Answer

TL Finance contributes to addressing Lesotho's significant financial inclusion challenges. Despite relatively low access to traditional banking services at 39%, approximately 48% of Lesotho's population depends on formal non-bank financial service providers like TL Finance for financial services. The microfinance sector in Lesotho serves a critical role, with microfinance institutions collectively recording over M1.1 billion (LSL 1.1 billion) in total loans, demonstrating strong growth of 8.5% in recent periods.

Operating under a Tier 3 microfinance license, TL Finance benefits from regulatory provisions designed to facilitate entry-level microfinance operations with streamlined compliance requirements. This licensing structure allows the institution to focus exclusively on credit provision while maintaining operational efficiency and serving underserved communities effectively.

Question 7

What type of financial institution is TL Finance?

Accepted Answer

TL Finance is a Credit-Only Microfinance Institution licensed under Lesotho's three-tier microfinance regulatory system established by the Financial Institutions Act, 2012 and amended through the Financial Institutions (Credit Only and Deposit Taking Micro-Finance Institutions)(Amendment) Regulations, 2018. As a Tier 3 licensed institution, TL Finance is authorized to provide credit through loans to the public but may not accept deposits from customers. This classification reflects the institution's specialized mandate to extend financial access to individuals and MSMEs who lack access to conventional banking services, supporting Lesotho's broader financial inclusion objectives and contributing to economic development through expanded credit availability for underserved populations.

TL Finance

in Lesotho 🇱🇸

Crypto-Friendliness

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About TL Finance in Lesotho