• Letshego & BTU

Letshego Botswana has partnered with Botswana Teachers Union (BTU), an independent Teachers Trade Union representing the welfare, interests and values of over 24, 000 primary, secondary and tertiary school teachers. The partners will deliver a bespoke financial literacy program through financial wellness clinics held for teachers across the country over a period of 12 months.

James Poshudi, Botswana Teachers Union National Treasurer, commented, “This financial wellness program is long overdue. The financial challenges facing many of our members are causing increasing concern, and this situation has developed over many years. Access to loans and credit facilities has opened up to our members over the years, yet we have had no formal programs designed to help our members with the basics of financial management or counselling and debt restructuring when they find themselves in dire financial situations.”

The partnership aims to support BTU members with financial literacy education through financial counselling, workshops and other interventions to empower teachers with basic financial skills and knowledge to help them avoid financial pitfalls and the indebtedness that often results from poor financial decisions. Among other things the clinic will focus on investment and advisory services, debt management and restructuring, retirement planning, risk management as well as insurance and pre-marital financial counselling.

Fergus Ferguson, Letshego Botswana CEO added, “Teachers are the backbone of our society – many of us remember teachers from many years back because of the critical role they played in not only educating us, but also building our confidence and helping us to understand more about ourselves. Through “Financial Fitness”, Letshego can give a little back to the people who continue to play an integral role in our lives and our communities.”

The financial wellness clinics will be facilitated by Ignyt Wealth Training Institute, who are specialists in financial management training and and consultation for businesses, families and institutions. While most financial literacy initiatives end in the classroom, this particular program has an ongoing counselling service through a contact center that is manned by financial counsellors who attend to individual concerns, and provide advisory services to members.