By 30/04/2023, Phuthalichaba Savings and Credit Cooperative Society had its savings at M3,011,629.58! With 1,070 members!
Our brand ambassador Fusi Maoeng was honoured with two awards at the recent Pius XII Student Hostels Annual Gala Dinner held for completing National University of Lesotho (NUL) residents of the hostels.
Phuthalichaba is committed to improving its corporate governance structure and practices. We are committed to business integrity and professionalism in all our activities...
The cooperative's Finance Officer attended a United Nations event held in Qatar, representing Lesotho as a youth delegate.
As of 15 March 2023, the cooperative has now collected an impressive M3.1 million in savings from its members.
The cooperative was represented by its Vice Chairperson and its Vice Secretary General at an event for Lesotho Cooperatives Stakeholders, held on 15 December 2022.
As of this new year, 2023, Phuthalichaba Savings and Credit Cooperative Society Ltd has added Treasury Bonds from the Central Bank of Lesotho and a shareholding at Sekhametsi Investment Consortium to its list of investments.
The quarterly report of Phuthalichaba Savings and Credit Cooperative Society Ltd (PSCCS) for the two quarters between July 2022 and December 2022 shows impressive growth in revenue, driven primarily by an increase in loans issued by the cooperative and interest collected thereof. A copy of the report can be accessed from the link below.
By 15/01/2023, Phuthalichaba had its savings at M2,818,521.60! With 980 members"! Known as "The Future Bank of the People", Phuthalichaba Savings & Credit Cooperative Society is the fastest growing registered Financial Cooperative in Lesotho; incubated under the National University of Lesotho (NUL) Innovation Hub. Its aim is to become Lesotho's first and true Development Bank which will invest in innovative businesses owned by Basotho.
By 15/12/2022, Phuthalichaba had its savings at M2,624,637.12! With 950 members"! Known as "The Future Bank of the People", Phuthalichaba is the fastest growing registered Financial Cooperative in Lesotho; incubated under the National University of Lesotho (NUL) Innovation Hub. Its aim is to become Lesotho's first and true Development Bank which will invest in innovative businesses owned by Basotho.
By 15/11/2022, Phuthalichaba had its savings at M2,237,338.78! With 917 members"! Known as "The Future Bank of the People", Phuthalichaba is the fastest growing registered Financial Cooperative in Lesotho; incubated under the National University of Lesotho (NUL) Innovation Hub. Its aim is to become Lesotho's first and true Development Bank which will invest in innovative businesses owned by Basotho.
By 15/10/2022, Phuthalichaba had its savings at M2,140,663.30! With 865 members"! Known as "The Future Bank of the People", Phuthalichaba is the fastest growing registered Financial Cooperative in Lesotho; incubated under the National University of Lesotho (NUL) Innovation Hub. Its aim is to become Lesotho's first and true Development Bank which will invest in innovative businesses owned by Basotho.
By 15 September 2022, Phuthalichaba Savings and Credit Cooperative Society savings hit M2 Million Maloti. This is a huge milestone for the cooperative as it brings it closer to its vision of becoming both a Development and a Commercial Bank.
By the end of July 2022, Phuthalichaba Savings and Credit Cooperative Society had its savings at M1.9 Million Maloti on its way to becoming Lesotho owned Development and Commercial Bank. Give me one reason why you are still not a part of this life-changing Cooperative.
The 2021/22 Integrated Annual Report of Phuthalichaba Savings and Credit Cooperative Society Ltd shows strong growth of the cooperative, highlighted by commendable growth in number of registered members, savings, revenue and value of loans issued in the period ended July 2022. Read more to download the report.
If you are a member of Phuthalichaba, you can now sit comfortably on you couch at home and apply for a loan. In a short time, you hear a bip! There is an sms telling you that some money has been deposited into your account. “This is one of the brilliant systems already in use by Phuthalichaba,” said Tebello Tjapela, the CEO of the cooperative under the National University of Lesotho (NUL) Innovation Hub.
Did you know, #Phuthalichaba is one of the few cooperatives that is 100% paperless? When you register or apply for a loan with us, you don’t need to travel, and Ha u hloke lengolo la morena????.
By the end of May 2022, Phuthalichaba had in its savings at M1, 693, 293.23! With 752 members"! Known as "The Future Bank of the People", Phuthalichaba is the fastest growing registered Financial Cooperative in Lesotho; incubated under the National University of Lesotho (NUL) Innovation Hub. Its aim is to become Lesotho's first and true Development Bank which will invest in innovative businesses owned by Basotho.
Thabelo Ngatane is the winner of the highly contested Miss Culture Lesotho pageant. She is a brand ambassador of Phuthalichaba, a financial cooperative under the National University of Lesotho (NUL) Innovation Hub. Congratulations Thabelo!
The National University of Lesotho (NUL) Innovation Hub's Phuthalichaba made it to the *Top10, at No 8* in the category of *Most Admired Financial Services Providers* from the *Brand Africa 2022 - Lesotho* initiative! Brand Africa is an intergenerational movement to inspire a brand-led African renaissance to drive Africa's competitiveness, connect Africa and create a positive image of the conti...
Tebello Tjapela and Itumeleng Likhama work hard everyday to make sure that Basotho will one day have a bank that is directly owned by them. The bank will be created through Phuthalichaba's Savings and Credit Cooperative under the NUL Innovation Hub. The Coop has already collected M1,4 million with the membership well over 700.
By the end of March 2022, Phuthalichaba had in its savings at M1, 423, 712. 34! with 715 members"! Known as "The Future Bank of the People", Phuthalichaba is the fastest growing registered Financial Cooperative in Lesotho; incubated under the National University of Lesotho (NUL) Innovation Hub.
Kheleke e roka Phuthalichaba!
Some people think creating a bank is a miracle, that's why they believe it can be successful if and only if it is an adopted foreign idea with already designed foreign business model. That is why 91% Market Share of Lesothos Financial Sector is foreign owned as per IMF July 2020 report.
By the end of February 2022, Phuthalichaba had in its savings at M1, 356, 280. 30! and 690 members"! Known as "The Future Bank of the People", Phuthalichaba is the fastest growing registered Financial Cooperative in Lesotho; incubated under the National University of Lesotho (NUL) Innovation Hub. Its aim is to become Lesotho's first and true Development Bank which will invest in innovative businesses owned by Basotho.
By the end of January 2022, Phuthalichaba had in its savings at M1, 258, 333.62! and 661 members"! Known as "The Future Bank of the People", Phuthalichaba is the fastest growing registered Financial Cooperative in Lesotho; incubated under the National University of Lesotho (NUL) Innovation Hub.
Lesotho, through the leadership of NUL Innovation Hub's Mr Tebello Tjapela, has taken the Chairmanship of the SADC Youth Cooperative Federation. This is after he and his team, which included other Coop leaders from the NUL Innovation Hub; 'Makuena Lesiea and Retšepile Matamane, put a great performance at the recently held Cooperative Summit in Eswatini.
The founding Secretary General of NUL Innovation Hub's Phuthalichaba Savings and Credit Cooperative Society ltd. LLB graduate 2021, pass with Distinctions.
By the end of September 2021, just over a year since it started, Phuthalichaba, the Financial Cooperative under the National University of Lesotho (NUL) Innovation Hub, had its savings at M1,015,513.92 and membership at 576, on its way to creating a BANK truly owned by the people! These numbers are growing by the day! No wonder the Roma Valley and the rest of Lesotho, are shaking with celebrations!
By the end of AUGUST 2021, Phuthalichaba, the Financial Cooperative under the National University of Lesotho (NUL) Innovation Hub, had its savings at M 915, 680.21 and membership at 552, on its way to becoming a BANK truly owned by the people! These numbers are growing by the day! We are approaching 1 Million Maloti in savings. Let the count-down begin!
By the end of June 2021, Phuthalichaba, a Financial Cooperative under the National University of Lesotho (NUL) Innovation Hub, had its savings at M 717, 322.08 and membership at 493 on its way to becoming a bank TRULY owned by the people! These numbers are growing by the day!
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By the end of May 2021, Phuthalichaba, a Financial Cooperative under the National University of Lesotho (NUL) Innovation Hub, had its savings at M 690, 206.47 and membership at 463 on its way to becoming a bank TRULY owned by the people! These numbers are growing by the day! "PhuthaLichaba's innovative approach and big vision is what separates us from other financial institutions in Lesotho, no wonder everyone is flocking to us," says Mr Vusi Mashinini, a Law Student at the National University of Lesotho and the Secretary General of PhuthaLichaba.
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Phuthalichaba Savings and Credit Co-operative Society (PSCCS), under the National University of Lesotho (NUL) Innovations Hub, has since its establishment in 2019 proved successful in providing and promoting services to its member customers. PSCCS is the fastest growing co-operative in Lesotho that runs a paper-free cooperative society to facilitate permanent records that remain with the bank.
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By the end of April 2021, Phuthalichaba, a Financial Cooperative under the National University of Lesotho (NUL) Innovation Hub, had its savings at M 607 876.64 and membership at 432 on its way to becoming a bank TRULY owned by the people!
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By the end of March 2021, Phuthalichaba, a Financial Cooperative under the National University of Lesotho (NUL) Innovation Hub, had its savings at M536, 119.27, and membership at 403 on its way to becoming a bank TRULY owned by the people! These numbers are growing by the day! "This is worth a celebration because we are just a few months old," said Itumeleng Likhama, the Finance Intern at the most innovative cooperative Lesotho has ever seen: Phuthalichaba.
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Applications are invited from a suitably qualified candidate for one Finance Intern position at Phuthalichaba Savings and Credit Cooperative Society (Ltd) under incubation at the NUL Innovation Hub.
Known as "The Future Bank of the People," Phuthalichaba is the fastest growing and registered financial cooperative incubated under the National University Lesotho (NUL) Innovation Hub. Its aim is to become Lesotho's first and true Development Bank which will invest in NUL Innovation Hub's businesses and other businesses owned by Basotho.
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Phuthalichaba, a rapidly growing Financial Cooperative incubated under the National University of Lesotho (NUL) Innovation Hub is an economic game-changer for Lesotho! That is according to Mr Tebello Tjapela, the NUL Masters of Economics student and the Chief Executive Officer (CEO) of the esteemed cooperative which seeks to become "The Bank of the People," in future.
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Known as "The Future Bank of the People," Phuthalichaba is a unique registered financial cooperative being incubated under the National University Lesotho (NUL) Innovation Hub. It's aim is to be become Lesotho's first and true Development Bank which will have shareholding in NUL Innovation Hub's and other Basotho owned innovative start-up businesses.
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Known as "The Future Bank of the People," PhuthaLichaba is a unique registered financial cooperative being incubated under the National University Lesotho (NUL) Innovation Hub. It's aim is to be become Lesotho's first and true Development Bank which will have shareholding in Basotho Start-up businesses.
PhuthaLichaba, A Financial Cooperative under the National University of Lesotho (NUL) Innovation Hub is set to start taking savings from its members. This happens as the young cooperative has netted a membership of 65 in just over a month. It is one of the fastest growing cooperatives which is set to change the status quo in Lesotho's financial landscape!
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In just sixty days, Phuthalichaba Financial Cooperative being incubated under the NUL Innovation Hub has reached a minimum of 55 registered members. That is a feat! It means Phuthalichaba is now ready to begin its operations. The door is not yet closed for those who want to join the coop.
Yes, it’s all about these twin proverbs: “culture of saving” and “access to finance.” So Mr Tebello Tjapela, the National University of Lesotho (NUL) Master’s student of Economics spent months underground, researching about and creating a Credit and Lending Cooperative with the aim of encouraging the culture of saving among NUL students and teachers and supporting the ballooning levels of NUL innovation.
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