Lesotho PostBank has formed a strategic partnership with the Lesotho Association of Teachers (LAT) in a major initiative aimed at improving access to financial services for educators across the country.
The agreement, signed on Thursday, is expected to broaden teachers’ access to personal and home loans, investment options, and improved banking services specifically tailored to meet their unique needs.
Speaking at the event, Lineo Masupha, Lesotho PostBank’s Head of Sales, highlighted the importance of financial inclusion for teachers and reaffirmed the bank’s broader vision for sustainable financial empowerment.
“In Lesotho PostBank, we do not just talk about loans without talking about savings and investments,” said Masupha.
“This partnership is our commitment to changing the lives of teachers. It is our way of recognising their critical role in shaping the nation.”
Under the partnership, LAT members will benefit from a range of customised banking solutions, including personal, car, and home loans with preferential terms, as well as targeted savings and investment tools to promote better financial planning.
On his part, the LAT’s Secretary General Letsatsi Ntsibolane expressed enthusiasm about the partnership and its potential impact on the association’s members.
“This is still a small company with huge aspirations. We realised that teachers come to us, but we cannot always meet their financial needs. We did not want to lose them, so we sought a strong partnership, and found it in PostBank,” Ntsibolane said.
Ntsibolane also noted that many teachers are already lined up to benefit from the initiative, now that the agreement is in effect. He clarified that LAT Financial Services and Lesotho PostBank, while appearing as competitors, will collaborate closely to offer complementary support to teachers.
The partnership is also anticipated to increase LAT membership, as more educators are expected to join the organisation to access these enhanced financial services.
Delivering the keynote address, Lesotho PostBank’s CEO, Mopeli Mokhachane, emphasised the bank’s long-standing commitment to the education sector and the foundational role that education plays in national development.
“We cannot ignore matters of education while fully aware that it is education that has brought us to where we are today. As a person, I truly love education, because I am who I am because of education,” Mokhachane said.
Mokhachane reaffirmed that PostBank’s support for education goes beyond teachers, extending to parents and students as well, through initiatives such as school fee support and student awards. He also called on LAT to play an active role in promoting financial literacy among students.
“The biggest support we can offer is to raise a nation that understands the value of money,” he concluded.
Summary
- Lesotho PostBank has formed a strategic partnership with the Lesotho Association of Teachers (LAT) in a major initiative aimed at improving access to financial services for educators across the country.
- Under the partnership, LAT members will benefit from a range of customised banking solutions, including personal, car, and home loans with preferential terms, as well as targeted savings and investment tools to promote better financial planning.
- The partnership is also anticipated to increase LAT membership, as more educators are expected to join the organisation to access these enhanced financial services.
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.
