The objective of the CGS is to enhance access to finance by:

  • Ensuring bankable SMEs who lack collateral can access loans via commercial banks,
  • Promoting entrepreneurship & job creation in Namibia;
  • Provides collateral cover of 60% on the principal  loan amount to qualifying SMEs through a shared risk arrangement between GRN, Lending Institutions and the Borrowers;
  • SMEs must apply for business loans at participating financial institutions;
  • A viable Business Plan is a key requirement;
  • SMEs to contact the participating bank (s) for application process;
  • FI’s/Banks criteria applicable to all borrowers;
  • The scheme is for both existing and new SMEs;
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