Covid hits microfinance sector
Covid hits microfinance sector MASERU-THE microfinance business sector is reeling as the Covid-19 pandemic continues to ravage the economy. The sector, which normally assists those individuals who are generally excluded from traditional banking channels, is now almost on its knees. Setlokoane Matete the Public Relations Officer of the Lesotho Microfinance Association (LEMFA), told thepost this week that most businesses which were in their infancy in the industry had collapsed. “They had to close shop. Only those who have been in business for many years are still standing,” Matete said. H...
Source: thepost.co.ls