Namibia: New Act Protects Cash Loan Borrowers

16 January 2019

Windhoek — The rights of borrowers who make use of cash loan services are now protected under the Micro-Lending Act 2018 (Act No. 7 of 2018) which came into effect in October last year.

The law is to a great extent focused on promoting and protecting the rights of borrowers, Victoria Muranda, the Manager for Corporate Communications at the Namibia Financial Institutions Supervisory Authority (Namfisa) said in response to questions from New Era.

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