Namibia: MTC’s Taamba Maris Loan Wins Praise for Tackling Loan Sharks and Curbing Over-Indebtedness

Mobile Telecommunications Limited (MTC) says its newly launched Taamba Maris loan is receiving positive response so far.

Spokesperson Tim Ekandjo says the product is designed to protect Namibians against loan sharks and reduce over-indebtedness.

“With the Taamba Maris loan, the limit is N$1 500, helping to reduce exposure and prevent over-indebtedness. We’ve also adopted a behavioural credit scoring system to ensure loans are only approved for customers with a proven ability to repay.

“According…