The Namibian 14 Feb 2013
The Namibian 5 Feb 2013
First printed in Consumer News Namibia magazine - Jan 2013 edition
As I spend most of my year living on a guest farm, I very rarely have to buy anything other than my sins of cigarettes and alcohol. I have for some time been complaining about the prices of these items, but accept this as a burden I must bear for using them.
Micro lending is a fast-growing sector and the Namibia Financial Institutions Supervisory Authority (Namfisa) has invited the public to comment on the industry.
Micro-lending refers to loans under N$50 000 which must be repaid over a maximum period of 60 months to the micro-lender, usually in instalments. According to Namfisa, micro-lenders are often unkindly referred to as ‘loan sharks’, but they consider it to be unfair to say the micro-lenders are always in the wrong when it comes to misunderstandings with their customers. They further point out that “while it’s true that… ( Read on! )