Covid-19 Business Relief Loans

In order to assist enterprises that have been adversely affected by Covid-19, the Development Bank of Namibia, supported by KfW (the German development bank), is making available finance to assist with business relief.

Features of the loan

• 3 months’ working capital paid to beneficiaries in equal monthly instalments.
• Depending on specific circumstances the loan may be extended to cover working capital for up to 6 months.
• The loan may also be used to finance diversification and expansion that assists businesses to recover from Covid-19.
• The loan will be repayable in monthly instalments over a maximum of 60 months.
• The loan is a commercial loan and interest will be charged.

Eligibility

The loan assists existing, operational enterprises. Start-up enterprises should apply for SME Finance or Investment Loans (debt finance for larger enterprises).

The following eligibility requirements apply:

• Businesses adversely affected by Covid-19
• Businesses registered in Namibia
• At least 25% shareholding owned by Namibian citizens
• Not more than N$100 million in annual turnover
• Operations conducted in Namibia
• 12 months’ or more effective operation
• Good standing with Receiver of Revenue
• Good standing with Social Security Commission
• VAT and tax registration
• 6 months’ bank statements
• KYC compliance
• Adherence to all national and local social and environmental
  legislation and regulations

Application downloads

	Covid-19 relief loan info sheet
	Application form for finance
	Application guide
	Application checklist
	Products info sheet
	Know-your-customer requirements
	ESMP guideline
	Environmental and social management
	Exclusions

Applications

• The Development Bank of Namibia application form must be completed in full.
• A business profile 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.

Exclusions

• Enterprises seeking to refinance existing loans
• Direct agriculture
• Section 28 companies
• Enterprises involved in sale / trade of liquor, gambling or with other socially damaging activities
• All enterprises listed on the Bank’s exclusion list 
• Enterprises and individuals in breech of KYC compliance
• Enterprises and individuals listed by ITC prior to Covid-19 lockdown

Forms and assistance

• Help with documentation requirements is available at all offices. Find details here...

Contacts

• Windhoek: tel. 061 290 8111
• Ongwediva: tel. 065 230 129 / 230 130
• Rundu: tel. 066 257 735 
• Walvis Bay: tel. 064 220 924 / 221 857