Loan holders want meeting with DBN
Business people with DBN loans are finding it hard to meet their payment schedules because of the economic slump.
20 January 2020 | Business
A number of Development Bank of Namibia (DBN) loan holders are seeking a meeting with the bank's management and board of directors to iron out issues affecting them.
A request to meet CEO Martin Inkumbi was made in December last year after the group had held a meeting at Usakos.
They claim to face difficulties in their businesses due to the current economic challenges facing the country, which has affected their ability to service their loans regularly.
Businesswoman Irené Simeon-Kurtz told fellow loan holders that 2019 was a tough and trying year for many entrepreneurs and there is no end in sight.
“I would like to remind members that it is of utmost importance that we as DBN loan holders remain focused whether you are affected or not. There are many issues that need to be addressed with one voice,” she said.
“These are issues affecting current and future loan holders in terms of policy, legislation, mandate and, most importantly, the impact it has on our businesses and economy. As key role players in this economy it is just correct to engage DBN exco and board members on many pressing issues we are facing collectively,” Simeon-Kurtz said.
“After our first meeting in Usakos in December last year, we wrote and called for a meeting with the DBN CEO. Our request was confirmed and well received.
The CEO promised to revert back for a meeting date early January 2020 once he is back in office. Unfortunately our request was just before close of business festive season.
“A few members of us will be nominated to represent us (loan holders) at this meeting at least 10 strong individuals. I further suggest that the nominated members will form part of the DBN Loan Holders Association who will be representing the interest of DBN loan holders.”
Simeon-Kurtz said they hoped that the DBN would respond soon.
ILENI NANDJATO
A request to meet CEO Martin Inkumbi was made in December last year after the group had held a meeting at Usakos.
They claim to face difficulties in their businesses due to the current economic challenges facing the country, which has affected their ability to service their loans regularly.
Businesswoman Irené Simeon-Kurtz told fellow loan holders that 2019 was a tough and trying year for many entrepreneurs and there is no end in sight.
“I would like to remind members that it is of utmost importance that we as DBN loan holders remain focused whether you are affected or not. There are many issues that need to be addressed with one voice,” she said.
“These are issues affecting current and future loan holders in terms of policy, legislation, mandate and, most importantly, the impact it has on our businesses and economy. As key role players in this economy it is just correct to engage DBN exco and board members on many pressing issues we are facing collectively,” Simeon-Kurtz said.
“After our first meeting in Usakos in December last year, we wrote and called for a meeting with the DBN CEO. Our request was confirmed and well received.
The CEO promised to revert back for a meeting date early January 2020 once he is back in office. Unfortunately our request was just before close of business festive season.
“A few members of us will be nominated to represent us (loan holders) at this meeting at least 10 strong individuals. I further suggest that the nominated members will form part of the DBN Loan Holders Association who will be representing the interest of DBN loan holders.”
Simeon-Kurtz said they hoped that the DBN would respond soon.
ILENI NANDJATO
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