REQUEST FOR PROPOSALS: DEBT COLLECTION SERVICES (LITIGATION) FOR EXPRESS CREDIT LTD
OVERVIEW
Express Credit Ltd (hereinafter referred to as “the Company”) is a public company registered in terms of the Companies Act, 2011, licensed by the Central Bank of Lesotho to operate as a Credit-Only Tier II Microfinance Institution, with its principal offices at Shop No. 4 LNDC Centre, Kingsway, Maseru 100.
Express Credit is undertaking a single-step open Request for Proposal for delivery of non-committal and non-exclusive nation-wide litigation of its delinquent debtors for recovery and debt collection purposes.
The tender invites experienced, qualified, duly registered and compliant Law Firms to submit a proposal covering both non-price and price components, to be exclusively submitted in electronic format.
The services are provided exclusively to support and improve the Company’s debt recovery and collection processes by litigating and obtaining judgment debts against delinquent debtors, on an as and when required basis in various districts across Lesotho.
The proposal shall include a detailed operational plan, which demonstrates an understanding of, and capability to assume responsibility for tracing clients and debtors whose whereabouts are unknown to the Company and its internal Debt Collection team.
RFP INFORMATION
Contact: Joanna Jonas (Adv.)
Email Address: [email protected]
RFP Submittal Email: [email protected]
RFP Reference: RFP/DC-Legal/2026/LSO: LITIGATION
SCOPE OF SERVICES
- To receive a list of defaulted debtors who have been served with letters of demand in accordance with the Regulations, as well as supporting documents thereof.
- Draft and issue summons for and on behalf of the Company, draft, file, serve and cause to be drafted, filed and served all relevant court pleadings in accordance with applicable Court Rules.
- Appear for and on behalf of the Company before courts of law to acquire judgments against defaulting debtors handed over to the Firm.
- Draft and cause to be executed deeds of settlement where appropriate with full instructions from the Company.
- Follow-up and keep an up-to-date record of all payments made in accordance with any deeds of settlement.
- Advise the Company on the appropriate steps to be taken in cases of default where deeds of settlement subsist and obtain such instructions as shall be appropriate.
- Keep an up-to-date record of all cases of default received from the Company and provide monthly reports on the status of each and/or provide status reports as and when requested by the Company from time to time.
- Issue and follow-up warrants of execution in favour of judgment debts, ensure attachment and execution of judgment debtors’ property to settle outstanding debts.
- Ensure that all funds due from judgment debts are collected and duly remitted to the Company’s designated accounts timeously.
SUBMISSION REQUIREMENTS
The Firms are required to follow the RFP information provided in submission of their proposals. Proposals shall meet the following minimum requirements:
- Detailed operational plan which demonstrates understanding of and capability to assume responsibility for litigating and recovering debts owing to the Company in line with applicable court rules.
- Demonstrate competence of the firm, including but not limited to, showing background, experience, and key management/instructing attorney(s), including their proof of subscription to the Law Society of Lesotho, qualifications and experience.
- List any disciplinary or investigative action, including audits, in the past five (5) years conducted by any professional body or regulatory authority against the Firm, if any, including the outcome thereof.
- List any and all litigation, pending or final, to which you are a party that is related or similar to the services being solicited in the past five (5) years.
- Proof of compliance with the Legal Practitioners Act, 1967, including but not limited to, Sections 24 and 25.
- Financial proposal: Manner of billing and tariffs and/or scope that shall be used for such billing, including a detailed basic fee structure and breakdown of any other charges related to the proposal.
FULL RFP DOCUMENT
For the full RFP document, visit: