Namibians have been experiencing a household debt crisis of alarming proportions, which is placing increasing pressure on families, workers, and the broader economy.

Namibians are taking on billions of dollars in loans just to survive, prompting Parliament to scrutinise whether existing laws adequately protect customers from exploitative lending practices.

Unemployment, low wages, and socio-economic pressures are driving Omaheke residents into severe debt.

This emerged during a Parliamentary Standing Committee on Economics and Public Accounts hearing, where local stakeholders laid bare the region's financial crisis.

The Parliamentary Standing Committee on Economy and Industry, Public Administration and Planning has conducted a public hearing on household debts and lending practices in ||Kharas Region. 

The public hearing was held at Keetmanshoop. 

The National Assembly Parliamentary Standing Committee on Economy and Industry, Public Administration, and Planning held a public hearing on a motion looking at whether the existing laws are protecting Namibians from exploitation by lending institutions and informal money lenders.