Development Bank of Namibia - Products & Services

If your existing business requires financial assistance to overcome the ongoing challenges of the economic recession, recovery from the Covid-19 lockdowns and other economic challenges, use the table below to identify the Development Bank of Namibia recovery loan that will best help you.

Facility	*Bank of Namibia SME Economic Recovery Scheme**	KfW-supported Recovery Loan Facility
Suitable for	SMEs	Large enterprises and SMEs
Use of loans	Working capital	Working capital Diversification Expansion activities
Interest rate	Prime less 0.50%	5.925% fixed with first 12 months interest-free
Capital repayment	Full capital amount	Full capital amount
Duration	Up to 84 months (7 years)	Loans to be repaid by 31 October 2025
Loan amount	N$150,000 to N$10 million	From N$150,000, and determined by clients’ capacity and needs
Collateral	Yes, may be required	Yes, may be required
Approval of loans	Loans approved at sole discretion of DBN	Loans approved at sole discretion of DBN
Borrower expenses	No front-end fee. Other fees may apply.	Front-end fee and restructuring fees may apply.
Grace period	6 months on interest and capital	At discretion of DBN

* Only available to existing DBN borrowers.

Find out more about the Bank of Namibia SME Economic Recovery Scheme, here...

Find out more about the KfW-supported Recovery Loan Facility, here...

Download the table

Business Recovery Loans supported by Bank of Namibia

To assist distressed SMEs who are already DBN borrowers and are affected by economic headwinds to meet their working capital requirements, DBN is making available finance, supported by a joint initiative of Bank of Namibia and the Ministry of Finance and Public Enterprises.

Features

The minimum amount is N$150,000 and the maximum is N$10 million
Interest rate of prime less 0.50%
A grace period of 6 months on interest and capital will apply
Repayable in monthly installments over a period of up to 7 years
Suitable for SMEs
Available only to existing DBN borrowers

Suitability

The loan is suitable for:

Operational expenses such as salaries, rent and lease agreements, contracts with suppliers.

Terms

During the grace period, interest will be capitalised.
Loans are subject to the requirements of DBN, and will be offered at the sole discretion of DBN.
A grace period will be considered on a case-by-case basis.

Which loan is suitable for you?

Compare KfW and BoN recovery loans, here...

Application downloads

	BoN Recovery Loan info sheet
	Application form for finance
	SME application guide
	Application guide
	Application checklist
	Products info sheet
	Know-your-customer requirements
	ESMP guideline
	Environmental and social management
	Exclusions

Application requirements

The Development Bank of Namibia application form must be completed in full.
A business proposal and cash flow projection must be provided.
Collateral will be considered on a case-by-case basis.
All documentation as required in the application form must be provided to avoid delays on applications and decisions.

Eligibility

This facility covers existing DBN borrowers. New businesses can apply for finance under the normal DBN facilities. The following eligibility requirements apply:

Namibian-registered businesses, operating in Namibia
Annual turnover not exceeding N$60 million
Must demonstrate solvency, and be able to continue operations for the foreseeable future
May not have an economic recovery loan with another financial institution
Have insufficient normal borrowing capacity to fully fund monthly operating expenses (will be required to demonstrate this in the application)
At least 6 months’ current, continuous bank statements for the business
At least 25% shareholding owned by Namibian citizens
Good standing with Receiver of Revenue & SSC, VAT and tax registration
KYC compliance & adherence to all national and local social and environmental legislation and regulations

Exclusions

Enterprises seeking to refinance existing loans
Section 28 companies
Enterprises involved in sale / trade of liquor, gambling or with other socially damaging activities

Please consult with an Analyst on any specific document required

	Application form for finance
	Business plan guide
	SME application guide
	Application guide
	Application checklist
	Products info sheet
	Know-your-customer requirements
	ESMP guideline
	Environmental and social management
	Exclusions

Business Recovery Loans supported by KfW Bankengruppe

To assist businesses that were adversely affected by Covid-19, the recession and the drought, the Development Bank of Namibia is making available finance to assist with business regeneration. This loan is supported by KfW Bankengruppe.