Microlender caught skipping loan affordability checks
Namibia’s financial regulator has found a microlender that granted loans without the documents needed to prove borrowers could afford to repay them. The finding comes as the industry’s loan book grows to N$9.3 billion. The Namibia Financial Institutions Supervisory Authority (Namfisa) made the discovery during an on-site inspection of one registered microlender in the second […] The post Microlender caught skipping loan affordability checks appeared first on The Namibian .