"This illustrates DBN's commitment in stabilising
The second quarter approval projected to affect about 2 180 jobs, of these it has currently created 274 new jobs and 639 temporary jobs will be created and while 1 237 will be retained jobs.
A total number of 51 businesses applied for loans with 90 percent of the applicants getting approval being previously disadvantaged Namibians with loans granted to 23 percent businesses owned by women and 25 percent of businesses owned by youths. DBN has set itself a target of approving about N$100 million to women businesses in 2014.
Mbango said, according to client demographics young entrepreneurs approval amounted to N$47.4 million doubling the minimum target of N$20 million for the year 2014, which he described as a good outcome.
With regards to regions, Erongo received the greatest amount of approval totalling up to N$373.7 million followed by Khomas with an amount of N$30.8 million, Zambezi was the last region with an amount N$1.6 million.
Most Popular Stories
- Doctor Who Christmas Episode Begins Production
- HCL America Adding 1,200 IT Jobs
- Medical Mfg. Jobs Coming to Dayton
- Longtime Unemployed to Get Help in Las Vegas
- Michael Jackson, Freddie Mercury on Previously Unreleased Queen Cut
- SpaceX Aims for Predawn Launch on Saturday
- Women Key to Democratic Party: Clinton
- U.S. Chamber Caught Up in Tax Inversion Question
- Feds Won't Say How Many Border Crossers Jailed
- Christie Didn't Order Bridge Shut Down, Feds Say