Swartbooi says Namibians are getting poorer
Landless People’s Movement (LPM) leader Bernadus Swartbooi says rising living costs and low incomes are pushing more Namibians towards expensive microloans. Swartbooi says the growing number of people borrowing from microlenders shows how difficult life has become for ordinary Namibians. He made the remarks in the National Assembly on Thursday during his contribution to the mid-term budget review debate. Microlenders recorded a 27% increase in their loan portfolios, reaching N$9.3 billion in the second quarter of 2026. About 279 500 Namibians are borrowing money from microlenders. “Is it that Namibians are more and more desperate to get money for survival