Lesotho PostBank (LPB) has taken another decisive step toward enhancing financial inclusion by opening a new branch in Mokhotlong, a remote and mountainous district often overlooked by mainstream financial institutions.
The move reinforces the bank’s expanding footprint across Lesotho and its mission to serve Basotho in even the most inaccessible parts of the country.
The opening of the Mokhotlong branch marks the establishment of LPB’s 16th brick-and-mortar branch, ensuring that all ten districts of Lesotho now have direct access to the bank’s physical services.
This nationwide presence underscores LPB’s drive to close the gap between urban and rural access to essential financial services.
Speaking at the official launch ceremony, LPB Managing Director Mokhachane Mopeli emphasised the bank’s long-standing vision of reaching underserved communities and transforming the lives of Basotho through accessible banking.
“LPB was established by the government in 2004 and began operations in 2005 to serve the economically active urban and rural populations who previously lacked reliable access to financial services,” said Mopeli.
Since its establishment nearly two decades ago, LPB has grown from a modest savings institution into a full-fledged retail bank that continues to prioritise accessibility.
Its diverse service offerings, including personal loans, mobile and internet banking, mobile money, Visa cards, and debit cards, have been extended to clients throughout Lesotho, including remote mountain regions like Mokhotlong.
The new branch is a strategic addition that addresses the long-standing banking needs of Mokhotlong residents, many of whom previously had to travel long distances to access financial services.
The expansion reflects LPB’s belief that geographical location should not be a barrier to financial empowerment.
Mopeli noted the bank’s resilience in the face of challenges and its continued commitment to being Lesotho’s only wholly locally owned bank.
“We are dedicated to helping businesses grow and encourage you to bank with us to unlock your business’s potential,” he said.
He further highlighted LPB’s guiding values, integrity, accountability, respect, and courtesy, and assured customers of the bank’s dedication to trust, innovation, and service excellence.
“Our goal is to improve the quality of life for Basotho through customer-focused financial solutions that drive economic growth,” he added.
The significance of the new branch was echoed by community member Mathealira Khatleli, who praised the development as a long-awaited answer to the financial needs of the district. He emphasised the importance of financial education and guidance in helping local entrepreneurs and farmers better manage their income.
“We now wish that all the challenges we face could be addressed as swiftly as this banking support has been, an initiative that strengthens our capacity and stands as a national asset for Lesotho,” he concluded.
Prime Minister Sam Matekane, who officially inaugurated the Mokhotlong branch, also lauded LPB’s dedication to making banking accessible in hard-to-reach areas.
“To all farmers and business owners, this is your bank. Feel free to come here for loans to grow your businesses. Support the bank that supports you,” said Matekane.
As part of the day’s events, the Prime Minister also donated three specially adapted vehicles for people with disabilities, a gesture further reinforcing government and institutional efforts to promote inclusive development.
The Mokhotlong branch is expected to significantly ease the financial burden of residents and entrepreneurs in the district, providing them with a secure and reliable banking partner close to home.
It also symbolises a broader push by Lesotho Post Bank to empower rural communities and build a more financially inclusive nation.
With each new branch, LPB not only strengthens its physical presence but also deepens its role in fostering economic participation for Basotho in even the most remote corners of the country.
Seabata Mahao is a general news reporter with special focus on Business and Sports. Started working at Newsday in 2021. Working in a team with a shared goal is what I enjoy most and that gives me the motivation to work under any environment leading to growth.
