Who We are

Phuthalichaba is a savings and lending cooperative under the National University of Lesotho (NUL) Innovation Hub established to promote:

(a) the culture of saving
(b) access to finance
(c) innovative banking services
(d) investment in innovative start-up businesses.

The cooperative will finance and take a stake in rapidly developing start-up businesses under the NUL Innovation Hub and businesses established elsewhere. The cooperative is open for membership to citizens of Lesotho who reside anywhere in the world provided they have an identification document and an active bank account in one of the banks in Lesotho.

We strive to be a paper-free cooperative society which aims to keep up with updated electronic devises and changes in technology. Most importantly, all our transactions are electronic and conducted through a bank, including borrowing and lending. This means permanent records of transactions remain with the bank’s archive meaning such transactions are traceable. This ensures a high level of accountability. It also ensures that our members are not confined to a specific geographic location. All citizens of Lesotho can join from anywhere in the world.


Message from the Founder

"It is no secret that a vast majority of us live from hand to mouth when it comes to usage of money. A single month without a source of income could affect us to the detriment. What if we broke that deeply rooted paradigm and instead adopted a new one that is delaying gratification just a little by saving the little that we have? Join us in this new vision that is set on changing Lesotho’s financial landscape." ~ Mr Tebello Tjapela

Our Mission

To be a leading, self-sustaining financial Institution that invests in innovative ideas and businesses

Our Vision

To promote the culture of saving, access to finance and investment opportunities in the innovative businesses produced by, but not limited to, the NUL Innovation Hub

Innovative

We strive to be a paper-free cooperative society, so all our work is based on innovative electronic devices to the extent possible. More importantly, all our transactions are electronic and they are done through a bank, including borrowing and lending. That means permanent records of transactions remain with the bank—hence such transactions are traceable. This ensures a high level of accountability. It also ensures that our members are not confined to a particular geographic location. You can become a member from anywhere in Lesotho.

Message from founder

“It is not a secret that most of us live from month to month when it comes to our use of money. Should we have a single month without an income, then, everything turns upside down. What if we start learning to save the little we have? Join us in that vision and let us together change Lesotho’s financial industry,” Mr Tebello Tjapela

Governance Structure