First National Bank opens its doors for SMEs to access the Credit Guarantee Scheme

NAMIBIA – First National Bank (FNB) is the first to open its doors to for small and medium enterprises (SMEs) to get access to Credit Guarantee Scheme (CGS) that helps entrepreneurs who have no collateral be now able to access funding from commercial banks. Martin Inkumbi, chief executive officer of the Development Bank of Namibia, said a second financial institution has been approved for participation in the scheme, but will only be able to make the scheme available once contractual matters are finalised. Other financial institutions are also expected to…

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