The product is being offered in partnership with Bank Windhoek. Application forms are available from any Bank Windhoek branch.
Loan amounts
Minimum N$ 250,000
Maximum N$ 3 million
Interest rate
Determined on a project by project basis
Repayment period
Maximum five years
Grace period
Tailored to match the specific project as agreed between the Bank and the client.
Security
Clients should provide acceptable security to the money borrowed. All assets financed by SDF are automatically used as security. In the absence of fixed assets, clients are required to pledge other property or appropriate alternative collateral.
Application process
• Medium Term Finance application form
• Project proposal
• List of pending agreements
• Financial projections (for duration of contract)
• Historical financial statements for existing businesses (three years)
• Most recent tax return
• Company registration certificate
• Other supporting documentation listed in application form.
Additional support to SMEs
Support to SME clients includes training, mentoring, monitoring and evaluation. This entails training in basic business and financial management, and support through mentorship programmes. Clients contribute two percent of the total training cost.
