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How did a young South African woman start a mutual bank?

A reported 11 million South Africans are not able to open a bank account because they don鈥檛 earn enough- Nthabeleng Likotsi wants to change this

鈥淭his is a time for us to stand very tall and stop aid in Africa. We need to find a way of nurturing our natural resources that we have in Africa and really claim back this beautiful continent that we call the Mother Africa鈥 鈥 Nthabeleng Likotsi, South African entrepreneur

Today Alan Kasujja sits down with award-winning South African entrepreneur Nthabeleng Likotsi, to discuss how she and her team are building a mutual bank. Her country鈥檚 central bank, SARB, recently granted her organization a license to officially run their organization.

It took nearly a decade for Nthabeleng to secure this crucial document because businesses first have to tick all the boxes. Her organisation, Young Women in Business Network, is the very first black women owned financial services company of its kind to be granted such a permit in her country.

Nthabeleng鈥檚 is a story of relentless optimism, perseverance, the ability to learn all the time and most importantly, having the courage to pursue your dreams. The lessons don鈥檛 only apply to business. As our listener, you could use them to start anything. It could be a small initiative that helps your community or anything that makes a difference in the lives of your loved ones.

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20 minutes

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