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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...