Namibia: Small Business Owners Should Borrow Wisely to Curtail Risks - Development Bank

The Development Bank of Namibia (DBN) Head of Marketing and Corporate Communication Jerome Mutumba, warned that when Small and Medium Enterprise (SME) owners set out to apply for finance with a high degree of confidence and certainty there is great risk that the results of the operation may fall short of expectations.

Mutumba stressed that responsible borrowing takes into account the financing needs of the enterprise, but also considers the level of the expenditure and the cost of financing. He added that SME entrepreneurs should follow the approach of larger enterprises and plan for finance in a conservative manner.

...

AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.