The recession put extra pressure on ACCION, as existing borrowers were having increasing trouble paying back their loans. At the same time, demand for its services increased, as newly laid-off workers were seeking loans to start their own businesses.
This is indeed a good achievement that we can be proud of and a good foundation we can build on. Director of Ceremonies, the Bank of Namibia has also made a humble contribution in the quest to promote financial inclusion. As part of our developmental role, the Bank of Namibia availed some human and financial resources to set up the Development Bank of Namibia.