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Letshego sets aside Sh50 billion for customers

The Letshego Faidika Bank Chief Executive Officer, Mr. Baraka Munisi (second from the left), witnessed the drawing of winners in the Kopa Tukubusti campaign. Witnessing the exercise are the Marketing and Sales Manager of Letshego Faidika Bank, Mr. Asupya Nalingigwa (first from the left), Joram Mtafya from the Gaming Board (second from the right), and Radian Limited system administrator, Kundani Makimu (third from the right). PHOTO | COURTESY

What you need to know:

  • Under the initiative known as "Kopa Tukubusti," customers have the chance to win up to 50 percent of the amount they borrow from the bank.

Dar es Salaam. Letshego Faidika Bank has allocated Sh50 billion for its latest campaign, which aims at rewarding its customers.

Under the initiative known as "Kopa Tukubusti," customers have the chance to win up to 50 percent of the amount they borrow from the bank.

During the inaugural draw, the Letshego Faidika Bank CEO, Mr Baraka Munisi, said customers are required to borrow a maximum of Sh150 million in adherence to the bank's rules and regulations to receive a bonus of Sh75 million, equivalent to 50 percent of their borrowed amount, if they win the draw.

Mr Munisi said so far, five customers have benefited from the campaign after emerging winners in the campaign's first week draw.

The customers are Justine Taabu, who received Sh354, 500; Nghoyelwa Magadula, who won Sh815, 000; and Egifredi Chihakuchao from Morogoro, who was awarded Sh399, 465. Others are Ngwamba Maugira from Mwanza, who received Sh432, 207, and Bahati Mlenda, who won Sh107, 602. To date, the bank has disbursed a total of Sh2,108,774 in prize money.

He emphasised that the primary objective of the campaign is to benefit the bank's valued customers.

Meanwhile, Mr Asupya Nalingigwa, Letshego Faidika Bank's Marketing and Sales Manager, announced that the bank would conduct draw events every two weeks, encouraging customers to actively participate in the campaign and vie for a variety of prizes.

Mr Nalingigwa outlined several criteria for campaign participants, including a minimum age requirement of 18 years, certification as a government or private institution employee, and meeting the necessary qualifications to secure a loan as per the specified criteria and conditions.

One of the delighted winners, Mr Justine Taabu, extended his congratulations to the bank for launching the campaign, which provides customers with additional funds to address their various financial needs.

Mr Taabu expressed his relief at winning and commended Letshego Faidika Bank for its innovative approach to benefiting its customers.

He encouraged both the government and the private sector’s employees to consider joining the bank’s services, including loans.