Access to finance has been identified, among others, as the biggest impediment to the development and growth of small business in Namibia, and creating such access was considered critical for the successful development and growth of small enterprises. It has been also noted that formal financial institutions in Namibia, whether public or private, have been reluctant to give credit and finance facilities to small business operators due to, among others, lack of required security/collateral that small entrepreneurs should cede to the financial institutions to secure credit and finance facilities. Viable business initiatives have never been a sufficient reason for most commercial financial institutions to advance credit and finance facilities to small entrepreneurs. The small business sector has been therefore viewed as a risk sector in which formal financial institutions have not been ready to trend without sufficient security cover. The Small Business Credit Guarantee Trust (SBCGT), or the Trust, has been to facilitate and assist the small entrepreneurs to have access to commercial loans from formal financial institutions.
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