Despite the introduction of the credit guarantee scheme for Small and Medium Enterprises, the Namibia Chamber of Commerce and Industry says more should be done to relax collateral and security requirements against loans. NCCI CEO Charity Mwiya wants the government, and its partners to place swift access to much-needed loans for working capital to fund asset and stock needs. She also said the government should ensure financial institutions’ funding mechanisms are tailored for the specific needs of Namibia’s enterprise sector and not just copy and paste products from South Africa.
