Namibia: 'Ninja' Microfinance Can Dent Poverty

AS I write this article, I am in Kenya analysing the Kenyan microfinance for youth development. I make no reference to the discovery that drinking water from the tap in Kenya is done at own peril. I have also not decided which is the most delicious between Kenya's 'Nyamachoma' and Namibia's 'Kapana'. Kenya cutting ministries from 44 to 18 is also not discussed herein for there shall be another time for that.

Several years after independence, the Development Bank of Namibia (DBN) was established to enable the exploited, repressed and downtrodden masses of the Namibian people to gain access to credit facilities unavailable at profit banks owned by the minority. Some argue that the dominant view during debates towards the establishment of DBN was that it should be a bank without requirements and similar tendencies found at minority-owned profit banks. Years later, the dominant view amongst the poor is that the DBN has reneged on its original mission. Some speculate that profit banks have credit facilities similar to or better than DBN. The DBN is yet to prove otherwise.

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