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.

Features

• Fixed interest rate of 5.925%
• First 12 months interest free
• Loans under this facility are available until 31 October 2025.
• Suitable for SMEs and larger enterprises

Read the most recent press release, here...

Suitability

The loan is suitable for:

• Developing sustainable, innovative new products and services to address reduced levels of business for businesses that were able to remain open during Covid-19.
• Diversification and expansion that assists businesses to become more resilient to future economic shocks.
• Working capital, acquisition of plant and equipment and / or other short-term financing requirements to strengthen the business.

Terms

• The loan will be repayable in monthly installments over 32 months or less.
• Loans that are not repaid by 31 October 2025 will be restructured using the ruling interest rate of the Bank at the time.
• If not repaid by 31 October 2025, collateral / additional collateral may be required.
• A grace period will be considered on a case-by-case basis.
• No interest will be payable for the first 12 months of the loan.
• The full capital amount will be repayable over the period of 32 months or less.

Which loan is suitable for you?

Compare KfW and BoN recovery loans, here...

Application downloads

	KfW 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 only covers existing businesses that have been in operation for at least 36 months. Any new business that wish to apply for funding can apply under the normal DBN facilities.The following eligibility requirements apply:
  
• Namibian-registered businesses, operating in Namibia
• At least 25% shareholding owned by Namibian citizens
• Good standing with Receiver of Revenue & SSC
• VAT and tax registration
• At least 12 months’ bank statements for the business
• KYC compliance & adherence to all national and local social and environmental  legislation and regulations

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