NASRIA has embarked on a new venture that expands its Credit Guarantee Scheme, an innovative insurance product that aims to empower SMEs.

The government, through a smart partnership with the Bank of Namibia, the Development Bank of Namibia, the Namibia Special Risks Insurance Association, and participating financial institutions, has structured a Credit Guarantee Scheme facility that will provide 60% collateral cover for a viable SME business loan.

The credit guarantee scheme is an innovative insurance product aimed at capacitating both existing and new SMEs.

Acting Managing Director for NASRIA, John Uusiku, welcomed the financial partners Kongalend Financial Services and Bellatrix Finance in signing a Memorandum of Understanding.

Uusiku also provided a brief explanation of the purpose behind these types of collaborations.

Nasria has cemented its commitment to supporting small and medium-sized businesses by signing a Memorandum of Understanding with two dynamic SME partners, Konglend and Bellarix.

This strategic alliance is poised to usher in a new era of collaboration and mutual growth.