Namfisa urges public to report illegal micro-lending practices

NAMPA

2025-08-27

ONGWEDIVA, 26 AUG (NAMPA) Namibia Financial Institutions Supervisory Authority (NAMFISA) has cautioned the public against unregistered micro-lenders who continue to engage in illegal practices such as confiscating clients’ identity documents.

ONGWEDIVA, 27 AUG (NAMPA) - The Namibia Financial Institutions Supervisory Authority(Namfisa) has cautioned the public against unregistered micro-lenders who continue to engage in illegal practices such as confiscating clients’ identity documents.
Speaking at the Ongwediva Annual Trade Fair in an interview with Nampa, Junias Erasmus, Consumer Education Specialist at Namfisa, said the institution has received several complaints from consumers who...

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