Over 1.2 million face challenge to apply for credit

Chamwe Kaira More than 1.2 million individuals in Namibia are expected to face difficulties when seeking credit, according to TransUnion Namibia. Lara Burger, the country manager for TransUnion Namibia, commended the country for its strides in financial inclusion, revealing that approximately 360 000 Namibians eligible for credit are visible to financial institutions through credit bureaus. Nevertheless, she emphasized that an additional 1.2 million people are likely to encounter obstacles when applying for credit. These 1.2 million Namibian adults are poised to face challenges when attempting to access financial products or services that would enable their greater participation in the nation’s…