…Standard Lesotho Bank supports agricultural development
Tšepiso Malunga
MASERU, Lesotho – The Annual Standard Lesotho Bank Car and Home Expo this weekend brought a new dimension to its usual allure with a conscious transformative slant towards agricultural development.
Held at Maseru Mall on Sunday, the expo saw the bank engaging partners who showcased agricultural equipment. The move was meant to stimulate interest in the agricultural sector.
Renowned for connecting clients, stakeholders, and the general public with various car dealerships and housing groups from Lesotho and South Africa; this year’s expo bolstered agriculture development by showcasing how the bank, through its Vehicle and Asset Finance (VAF) products, can also provide loans for various types of agricultural machinery to provide Basotho some leverage to increase capacity for production in the agriculture sector, particularly loans for farmers to buy tractors.
Standard Lesotho Bank’s strategy meant to bolster agriculture
The inclusion of more tractor and agricultural machinery dealerships marked a strategic move to support and advance the agricultural sector in Lesotho.
The expo serves as a pivotal platform created by the bank to bridge the gap between diverse automotive and housing options as well as the community. By expanding its focus to include the agricultural segment, the bank said it aimed to foster greater accessibility to cutting-edge machinery, crucial for driving the country’s agricultural growth.
“This is because Standard Lesotho Bank recognises the important role agriculture plays in the nation’s development, hence this expansion in the expo’s offerings that closely align with the bank’s commitment to not just meet, but exceed the evolving needs of clients and the community at large,” a statement from the bank said.
Visitors were met with a dynamic experience, encountering a range of exhibitors showcasing an assortment of tractors, machinery, as well as an extended collection of cars and housing options. The expo also presented networking opportunities, informative sessions and exclusive deals for visitors who were keen to explore the latest offerings in automotive, housing and agricultural domains.
Standard Lesotho Bank’s M2 billion landing book unmatched
“In keeping with its tradition, Standard Lesotho Bank has been hosting the Home and Car at the end of the year for over 10 years to present to Basotho the latest trends and offers in secured lending and assets, demonstrating its commitment to growing Lesotho and her people and the bank’s purpose which says Lesotho is our home, we drive her growth. To date, the bank has raised a combined lending book of over M2 billion in homes and assets in the country, which is unparalleled,” the bank said.
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The event opened with a convoy of top end vehicles and plant machinery on display. It also featured music and entertainment suitable for families and visitors of all age groups for the whole family, with lots of prizes on offer for attendees.
