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;
