An initiative of

Development Bank of Namibia

Bank of Namibia SME Economic Recovery Loan
To assist distressed SMEs affected by economic headwinds Good standing with Receiver of Revenue & SSC, VAT and tax
to meet their working capital requirements, DBN is making registration
available finance, supported by a joint initiative of Bank of KYC compliance & adherence to all national and local social
Namibia and the Ministry of Finance and Public Enterprises.
and environmental legislation and regulations
Suitability Applications
The loan is suitable for:
The Development Bank of Namibia application form must
Operational expenses such as salaries, rent and lease
be completed in full.
agreements, contracts with suppliers.
A business profile and cash flow projection must be
Terms provided.
The minimum amount is N$150,000 and the maximum is Collateral will be considered on a case-by-case basis.
N$10 million. All documentation as required in the application form must
The loan will be repayable in monthly installments over be provided to avoid delays on applications and decisions.
a period of up to 7 years.
A grace period of 6 months on interest and capital will apply. Exclusions
During the grace period, interest will be recapitalised.
Enterprises seeking to refinance existing loans
Recipients will pay interest amounts at prime less 0.50%.
Section 28 companies
Loans are subject to the requirements of DBN, and will be
offered at the sole discretion of DBN. Enterprises involved in sale / trade of liquor, gambling or
with other socially damaging activities
Eligibility
Forms and assistance
This facility covers existing DBN borrowers. New businesses can
apply for finance under the normal DBN facilities. Download forms at www.dbn.com.na/applications
The following eligibility requirements apply: Find information at www.dbn.com.na/bon
Namibian-registered businesses, operating in Namibia Help with documentation requirements is available at all
Annual turnover not exceeding N$60 million offices. Find contact details at www.dbn.com.na/assistance
Must demonstrate solvency, and be able to continue
operations for the foreseeable future
Contacts
May not have an economic recovery loan with another Windhoek Head Office: tel. 061 290 8000
financial institution Windhoek SME Centre: tel. 061 290 8111
Have insufficient normal borrowing capacity to fully fund Ongwediva: tel. 065 230 129 / 230 130
monthly operating expenses (will be required to demonstrate
Rundu: tel. 066 257 735
this in the application).
Walvis Bay: tel. 064 220 924 / 221 857
At least 6 months’ current, continuous bank statements for
the business
At least 25% shareholding owned by Namibian citizens

Expect more.
Report fraud anonymously: Tel. (Toll Free) 0800-290 800 (Mobile & Landline) or email dbn@tip-offs.com

2023-04b