Lack of youth interest worries DBN

21 April 2021 | Banking



The Development Bank of Namibia’s (DBN) manager for the northern regions, Fillemon Nditya has expressed disappointment in the low turnout of young people at the bank’s consultative meetings on skills-based finance for youth held in the Kunene Region.

Aditya in an interview with Nampa on Friday said youth in the region showed less interest than the bank’s team expected when they visited Opuwo, Khorixas, Kamanjab and Outjo.

“This was an opportunity for the youth to learn what loan products the bank offers. The turnout was however very low in all towns we visited and we noticed that more elderly people than young people showed up. I believe the youth can organise themselves within their respective towns and call on the bank to educate them about what the bank offers in terms of the kind of loans they can apply for,” Nditya said.

He added that DBN’s doors will always be open and young people can also visit DBN’s website to familiarise themselves with the loan facilities available to them.

DBN teams visited all major towns within the regions last week to engage the youth and business communities, said Nditya.

Speaking at the consultative meeting held at Khorixas on Thursday, DBN’s head of corporate communication and marketing, Jerome Mutumba said DBN has secured N.dollars 450 million to assist the youth and business community with loans.

One of the youths who attended the meeting, John Johnson, thanked DBN for hosting the meeting at Khorixas.

“I would never have learned about the loans if it was not for this meeting. I have learned a lot and will be applying for a loan to start my own business. I will also share some information with my friends that did not attend the meeting,” he said.