{"id":68420,"date":"2024-05-10T17:50:51","date_gmt":"2024-05-10T17:50:51","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/nasria-bank-windhoek-address-access-to-credit"},"modified":"2024-05-10T17:59:24","modified_gmt":"2024-05-10T17:59:24","slug":"nasria-bank-windhoek-address-access-to-credit","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/nasria-bank-windhoek-address-access-to-credit","title":{"rendered":"NASRIA, Bank Windhoek address access to credit"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>Namibia\u2019s unique risks insurer, the Namibia Special Risks Insurance Association (Nasria) Ltd and Bank Windhoek have entered into a partnership on the Credit Guarantee Scheme (CGS) agreement to the tune of N$50 million.<\/p>\n

The agreement, announced last week, welcomes Bank Windhoek as the latest financial institution to implement the scheme.<\/p>\n

This groundbreaking initiative aims to empower youth, women and small and medium-sized enterprises (SMEs) in Namibia by addressing the critical issue of limited access to credit.<\/p>\n

The scheme provides much-needed financial support to aspiring entrepreneurs, fostering innovation, job-creation and economic growth.<\/p>\n

Speaking at the partnership signing ceremony, Nasria\u2019s managing director John Uusiku said Nasria Ltd has set out a strategic focus that looks to create scope for broad-based growth within the insurance sector, and contribute to the developmental ambitions of Namibia as a country.<\/p>\n

\u201cWe have demonstrated in the past that we can insure against special risk, while at the same time introducing innovative products that support financial inclusivity. The Namibia Financial Sector Credit Guarantee Scheme is one such innovation that we are encouraging more financial institutions to come on board to help SMEs achieve their goals through access to finance.<\/p>\n

The rationale behind the Credit Guarantee Scheme is that there are SMEs with excellent prospects for success and viable business plans, but lacking the necessary collateral to obtain loans. Commercial finance institutions require the security of collateral to ensure that their capital is preserved if an SME cannot repay their loans,\u201d he said.<\/p>\n

Bank Windhoek managing director Baronice Hans commended Nasria for spearheading an innovative scheme that allows the Bank to assess risk differently, while allowing SMEs access to flourish in their business.<\/p>\n

\u201cThis partnership expands our opportunity for businesses to access funding, and address the much-needed gap of raising collateral,\u201d she said.<\/p>\n

Hans assured Bank Windhoek is motivated to co-create more products of this nature.<\/p>\n

\u201cBy so doing, we allow and assist Namibian, women-led and youth-led businesses to participate in the economy\u2019s growth, frequently and to a larger extent,\u201d she said.<\/p>\n

Uusiku concluded that by ensuring credit granted to qualifying SMEs, the scheme substantially reduces the collateral requirement for qualifying SMEs.<\/p>\n

\u201cUpon being assessed as bankable and only lacking collateral, the SME can be considered for collateral cover of 60% of the principal loan amount. NASRIA will provide this collateral,\u201d he said.<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. Namibia\u2019s unique risks insurer, the Namibia Special Risks Insurance Association (Nasria) Ltd and Bank Windhoek have entered into a partnership on the Credit Guarantee Scheme (CGS) agreement to the tune of N$50 million. The agreement, announced last week, welcomes Bank Windhoek as the latest financial institution to implement the scheme. This groundbreaking […]<\/p>\n","protected":false},"author":84,"featured_media":68418,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[234,236,233],"class_list":["post-68420","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nNASRIA, Bank Windhoek address access to credit - Namibia<\/title>\n<meta name=\"description\" content=\"Namibia\u2019s unique risks insurer, the Namibia Special Risks Insurance Association (Nasria) Ltd and Bank Windhoek have ente ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/nasria-bank-windhoek-address-access-to-credit\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NASRIA, Bank Windhoek address access to credit\" \/>\n<meta property=\"og:description\" content=\"Namibia\u2019s unique risks insurer, the Namibia Special Risks Insurance Association (Nasria) Ltd and Bank Windhoek have ente ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/nasria-bank-windhoek-address-access-to-credit\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-10T17:50:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-10T17:59:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/05\/sm_1715351235.680087.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"492\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/nasria-bank-windhoek-address-access-to-credit#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/nasria-bank-windhoek-address-access-to-credit\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"NASRIA, Bank Windhoek address access to credit\",\"datePublished\":\"2024-05-10T17:50:51+00:00\",\"dateModified\":\"2024-05-10T17:59:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/nasria-bank-windhoek-address-access-to-credit\"},\"wordCount\":405,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/nasria-bank-windhoek-address-access-to-credit#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/05\/sm_1715351235.680087.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/nasria-bank-windhoek-address-access-to-credit#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/nasria-bank-windhoek-address-access-to-credit\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/nasria-bank-windhoek-address-access-to-credit\",\"name\":\"NASRIA, Bank Windhoek address access to credit - 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