Microlending Sees Sharp Growth

September 30, 2025 12

Reliance on microlenders continues to climb, the latest report from the Namibia Financial Institutions Supervisory Authority reveals. Term borrowers average nearly N$28,000 per month, while payday borrowers, who constitute 82 percent of the portfolio, borrow just under N$4,000. Total loans jumped 45 percent in 2024 to N$5.2 billion: NamFISA chief executive officer Kenneth Matomola.

Microlending Sees Sharp Growth
Leonard Witbeen

The post Microlending Sees Sharp Growth appeared first on Future Media News.

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