Through technical assistance funded by the Netherlands Finance for Development Agency, Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO), and the GoL, Nethpost Consultancy was appointed and mandated to prepare the LPB’s business plan that set out the strategy, structure and operational targets; designed manuals, and conducted training for the LPB Executive Management and Staff.

The LPB, a company wholly owned by the GoL, was incorporated in 2004 as a public company pursuant to the Lesotho Company’s Act of 1967. It was licensed by the Central Bank of Lesotho (CBL), in accordance with the Financial Institutions Act of 1999.

The Bank’s mandate is to provide financial services, primarily to the under-served Basotho in the urban areas and previously un-served rural population.