Namibians are taking fewer loans from microlenders, but the amount borrowed by each individual is increasing.
According to the latest quarterly report from the Namibia Financial Institutions Supervisory Authority (Namfisa), the average term loan increased to N$25 620 during the first quarter of 2026, while the average payday loan rose to N$4 030.
Payday loans are loans that are paid off in one month, while term loans are usually paid over a specified time.
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