Cash loans lose N$200m in 3 months
Still owed N$7.5 billion Microlenders lost about N$200 million in three months after the Ministry of Finance announced the discontinuation of the Payroll Deduction Management System (PDMS). This brought the total amount owed by Namibians to cash loans from N$7.8 billion to N$7.5 billion. According to the latest industry figures…
