Solar Power loan
Our Solar Power loan provides finance to acquire renewable energy technologies, such as solar home systems, solar water pumps and solar water heaters.
This means that even if you don’t have access to grid electricity to power your daily life, you can light your home, keep food fresh in a solar-powered fridge, charge your cellphone, listen to the radio, watch television, explore the internet – and enjoy the difference this brings.
If you are a farmer, a solar water pump will cost-effectively pump water to irrigate your crops and provide water for you and your family, your livestock and poultry.
To qualify for a Solar Power loan, you must be a Namibian citizen, over 18 but not older than 60 years of age at loan entry. You must not be listed on ITC.
You must provide proof of regular income (salary) and capacity to afford the monthly loan repayment; and have a bank account so that we can collect your loan repayment by debit order.
Loan amounts and terms
Loan size: from N$1,000 to N$250,000.
Loan term: from six to a maximum term of 48 months, depending on the amount.
You are required to make a contribution, in cash, towards a cash security build-up, determined on the amount you are applying for. This is payable on approval on your loan.
You must appoint a responsible person that you trust to act as your guarantor during the tenure of your loan, who is prepared to repay the loan on your behalf, should you fail to pay.
All loans also include credit-linked and short-term insurance cover.
How to apply and required documents
You can apply by completing a loan application form at any of our offices or download an application.
The following supporting documents must be handed in with your loan application:
Copy of your Namibian ID
Six months’ bank statements; and
Valid quotations from the accredited solar supplier of the system to be financed with the loan.
Kongalend Financial Services
corner Haddy & Viljoen Street
telephone: 061 24 1440
fax: 061 24 1447
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