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| Enterprise Development Facility |
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| Bridging Finance |
Short-term finance and/or performance guarantees for entrepreneurs who have secured contracts or tenders with government, parastatals or well established private sector companies
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Eligibility |
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• Evidence of valid contract or tender.
• Namibian citizenship or permanent residence status.
• Majority Namibian owned business.
• Promoters with good track record in respect of them having successfully completed similar projects in the past.
• Any contract or tender for delivery of goods or services to government, parastatals, and established private sector entities. |
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Financing options |
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• Short term loans
• Current minimum of N$ 3 million |
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Security |
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Determined on a project by project basis, taking into account the credit rating score and risks identified. |
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Repayment period |
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Maximum 3 years (including grace period). |
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Interest rate |
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• Determined on a project by project basis.
• Interest may be capitalised during the grace period. |
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Grace period |
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Tailored to the contract payment profile. |
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| • Download Application Form |
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