03
Nov
Martin Endjala PostFin, the microlending arm and a subsidiary of Namibia Post Limited (NamPost) was recently boosted with a N$406 million loan following the signing of an agreement with Germany’s KfW Development Bank. PostFin will use these funds to provide micro-loans to micro- and small-sized enterprises and households predominantly in rural and remote areas. PostFin was created as a conduit for NamPost to better serve Namibians by providing access to affordable financial services throughout the country. NamPost’s Chief Executive Officer, Festus Hangula, lauded KfW for the longstanding beneficial relationship between the two institutions and German Development Cooperation, which lasted for…