Nov 02

FNB and NASRIA launch Credit Guarantee Scheme

FNB Namibia and NASRIA have launched a Credit Guarantee Scheme designed to empower youth, women, and small and medium-sized enterprises in Namibia. The scheme had initially been set at a prudential limit of N$20 million, but FNB negotiated a new prudential limit of N$50 million with NASRIA, resulting in a total loan amount of N$83 million being made available. This increased funding will directly support youth, women, and pure SMEs with an annual turnover not exceeding N$20 million, enabling them to sustain their operations and contribute to economic stability.