PEUBO partners with Access Bank

PEUBO Investments (PTY)LTD has struck a strategic partnership deal with commercial bank, Access Bank to improve the services provided by the micro lending entity.

Speaking at the PEUBO Investments’ Annual General Meeting (AGM) held recently, PEUBO’s general manager, Sydney Mogapi highlighted the need to form strategic partnerships with other commercial entities in the finance industry.

He said the partnership with Access Bank would help fasten the services while also aiding lesser charges for the membership.

Mogapi said PUEBO Investments in its pursuit to navigate the market and become a key player in the industry was in need of a partnership such as with Access Bank.

“One of the key issues that we have identified as management is that for us to become a leading player in this particular congested space we have to have strategic partners. We have a partner in Access Bank and we will be providing in the next year prepaid cards.

We do not want to pay our loans in to members’ account. We want to pay our loans in to prepaid cards that are fast for utilising and solving their daily issues and we shall be able to organise discounts for our members with those particular cards,” said Mogapi.

For his part, Botswana Sectors of Educators Trade Union (BOSETU) president, Winston Radikolo lauded the move a good initiative. He advocated that PEUBO and Access Bank reduce the transaction charges and in order to for the partnership to benefit all the parties involved.

“I want to believe that we will not benefit from that value chain. I want to believe that the license allows us to benefit from transaction charges.

If they charge 0.1%, they should at least charge us 0.05% so that we can benefit something. You will realise if we can swing that we will make a lot of money and there will be no need to charge our members interest,” said Radikolo. Mogapi also lauded the PUEBO board for their input and guidance in the daily running of the entity as he said this has aided to a number of achievements in the past 12 months period.

PEUBO would not be a profitable entity without the solid input and implementation from management and critical stewardship from the board.

We acknowledge and appreciate their stellar contributions.

We acknowledge the contributions of staff, management and other stakeholders in the company’s success,” Mogapi said.