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Entrepreneurs encouraged to approach bank to access funding

Entrepreneurs encouraged to approach bank to access funding

Entrepreneurs are invited to make use of business financing opportunities at Bank Windhoek’s Emerging Small and Medium-sized Enterprises (ESME) Finance Branch.

The Bank’s ESME branch manager, Mbo Luvindao in a statement encouraged entrepreneurs to step forward with new, different and innovative ideas despite challenges currently being faced by the local economy.

“Regardless of the current challenges, entrepreneurs with that mind-set will be successful and will position their businesses optimally for when our economy recovers. This attitude takes a lot of character,” Luvindao said.

Entrepreneurship requires initiative and taking risks, but often, the end of the journey, yields high reward, he said.

It is through this therefore, that the Bank is calling on aspiring and established entrepreneurs to approach the ESME department with their business plans and request for funding to either start their businesses or expand or diversify their existing business portfolios.

Luvindao said that the process of proposal evaluation and SME loan applications is quick and service delivery is of the highest standard at ESME Finance Branch.

“All proposals received are assessed for their financial viability based on responsible lending principles. We do not only provide loans, but also business mentorship to selected Bank Windhoek SME loan applicants to ensure that they acquire the necessary skills and support to run their business successfully,” said Luvindao.

“Bank Windhoek is committed to being a catalyst of sustainable opportunities for the growth of Namibia’s economy, especially amongst women and the youth with viable business ideas. The vision of Bank Windhoek’s ESME Finance Branch is to see an increasing number of emerging, small and medium enterprises growing into sustainable businesses, creating new wealth and new opportunities that benefit the Namibian economy,” added Luvindao.

The Bank’s ESME Finance Branches are located in Windhoek and in Oshakati. Entrepreneurs are thus invited to approach or contact their nearest Bank Windhoek Branch or agency for assistance.


 

 

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