SME finance
What does it take to get a loan from DBN? Find a guide to SME finance, here...

Cabatana Private School

Cabatana Private School in Oshakati used DBN finance to expand its capacity for learners.  The school was able to cater to 782 learners, of whom 71 are orphans who receive free education. 
With the expansion the school will be able to cater to 1,330 learners and will be able to offer private education for Grades 11 and 12.

Socio-economic significance

Namibia has a young population, and this requires significant capacity for educational facilities and operations. In turn, this places stress on education facilities as classrooms may be overcrowded and the teacher learner ratio may be sub-optimal.
 
By financing private education, DBN assists with expanding capacity for learners who can benefit from private education. This, in turn, reduces stress on public sector educational facilities.
The school is wholly owned by previously disadvantaged women entrepreneurs.

Employment

Cabatana Private School has a majority of female employees. Larger numbers of female employees achieve the Bank’s goal of a greater degree of inclusiveness for females.  The new capacity is expected to create 11 more employment opportunities.
 
The school creates additional incomes by using approximately 11 temporary staff. The expansion will create additional temporary jobs in the construction sector.

Transfer of skills

Skills required to manage an educational institution are diverse, ranging from academic to white collar (administrative) to blue collar (for maintenance and support).  The initial investment in academic education is made by the teacher, however further investments must be made for the purpose of staying abreast with current practices and knowledge.