It targets the Namibian unemployed youth between the ages of 18 and 35 years. The scheme provides small loans to young Namibians who are willing and able to start or expand their businesses. The loans are given to individuals in groups from the same community (usually 5-10 people). It is necessary for the young people to be recommended by their parents or legal guardians in order to join the programme (they need to either sign a letter or the loan …Email Rainbowloans1@gmail .com. We offer the following types of loans. Debt Consolidation Loan Up to R5 Million. Business Loan Up to R5 Million. Personal Loan Up to R750, 000. Home Loan Up to R3 Million. Car Finance Up to R350, 000. Commercial Loans up to R500, Financial Services is a Namibian based microlending company accredited by Namibia Financial Institutions Supervisory Authority (NAMFISA) to provide short-term personal loans. Monthly …30% is the highest possible interest rate which may apply for 1 – 3 months loans as per definition of NAMFISA. Collection Policies. All payments are collected via NAEDO (non-authenticated early debit order) and by payroll deduction. You are required to ensure that you pay your loan instalments on …Loans for the unemployed are possible, but you’ll likely have to prove that you have an alternative source of income — and the lender may take a closer look at your credit profile. Can I get loan without job in Namibia? If you are employed and have a steady source of income, you can easily avail a Loan - Debt Consolidation | Personal LoansUnemployment in Namibia: Measurement Problems, Causes Namibia Youth Credit Scheme - FLI NamibiaLoan Offer (Apply Now) - My Namibia11/02/2019 · How To Qualify For A Loan With Nedloans. Must have a permanent job by an approved employer. Applicant must be 21 years of age. You must be a Namibian citizen. No insolvent or persons under garnishee order or administration may apply. Your salary must not be less than N$ after loan …FIRST CAPITAL WORKING PAPER SERIES. Unemployment in Namibia: Measurement Problems, Causes & Policies. Martin S. Mwinga. FIRST CAPITAL RESEARCH 5 Beethoven & Strauss Street, Windhoek West Box 4461, Windhoek, Namibia Tel No: 264 61 401326, Fax: 264 61 401353 Web: May, can be used for the same things as any type of business loan including payroll, inventory, equipment, furniture, fixtures, and machinery. Why do people apply for micro loans in Namibia? Microlending is a financial innovation made possible by technology and the peer-to-peer ;· Fast Loans for the Unemployed available now R1000 to R150,000. Prove that you can pay back on time. Blacklisted people can also apply.
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