BNG Finance
in Lesotho 🇱🇸
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About BNG Finance in Lesotho
BNG Finance is a microfinance institution operating in Lesotho, a landlocked country in Southern Africa. The institution is part of Lesotho's growing microfinance sector, which plays a crucial role in providing accessible financial services to underserved communities, small businesses, and individuals who typically lack access to traditional banking services. BNG Finance operates as a registered microfinance institution under the supervision of the Central Bank of Lesotho.
Lesotho's microfinance sector addresses a critical financing gap, as approximately 90% of businesses in the country are micro, small, and medium enterprises (MSMEs), yet only 17.5% have access to credit from formal financial institutions. Microfinance institutions like BNG Finance help bridge this gap by offering more flexible lending requirements compared to commercial banks.