Guest Contributor | Feb 20, 2024 | 0
Local bank continues to partner with SMEs
Executive Officer of Consumer Banking at FNB, Martha Murorua, congratulated the numerous small entrepreneurs at the Ongwediva trade fair and said the bank was pleased to partner with them, to ensure that they continue to have a positive developmental impact on the country’s economy.
To show their commitement to the Trade Fair the bank gave a sponsorship of N$145,000.
“At FNB Namibia we recognise the importance of SMEs and entrepreneurship as drivers of economic growth and poverty reduction. Our interventions are geared towards unlocking the productivity, marketability, competitiveness and job-creating potential in-country to help Namibian businesses to internationalize their operations beyond Ongwediva, Windhoek and South Africa, and even beyond the African continent. SMEs are the biggest source of untapped growth potential and it will be generating the bulk of the jobs that will be required by ready men and women,” she said.
The bank believes SMEs can only grow and prosper in the proper business environment and with support and services that allow them to attract financing, human capital, networks and markets.
“This is why FNB is particularly excited about our SME value proposition; a special fund aimed at upcoming SMEs who have bankable business ideas but lack sufficient collateral or capital to set-up the business. The objective of the SME Special Fund is to support, develop and grow the SME sector by providing the necessary funding while the FNB Namibia Holdings Foundation, continues partnerships with external vendors to provide technical assistance and education on a sustainable basis,” Murorua added.
Murorua further said that the Far North cluster team is ready to talk to customers and to showcase a range of FNB savings and investments products.