Group Power Loan

Our Group Power loan provides finance for micro-entrepreneurs who have formed a community-based group of micro-entrepreneurs in their village or area. Kongalend group loan officers will help you form a group and explain what is involved. Group Power loans are designed to help your micro enterprise develop and grow. The loan must only be used for productive purposes, that is, for income generating activities and employment creation for both start-ups and existing businesses.


To qualify for a Group Power loan, you must be an active group member. This means attending meetings at your group centre and always abiding by group rules.
You must be a Namibian citizen, over 18 but not older than 65 years of age at loan entry.
You must not be listed on ITC.

Loan amounts and terms

Group Power loans are structured in three cycles, with a minimum loan amount of N$1,000 and maximum of N$15,000.
Loans are provided on a stepped-up basis to reward and encourage good repayment behaviour. Loan size Loan term
1st cycle: N$1,000 – N$5,000 6 – 12 months
2nd cycle: N$5,000.01 – N$10,000 18 – 24 months
3rd cycle: N$10,000.01 – N$15,000 36 months

Loan Security

You are required to make a contribution to the group Cash Security Build-up, determined on the amount you are applying for. This is payable once your loan is approved.
Guarantor: 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 the loan.
All loans also include credit-linked insurance cover.

How to apply and required documents

Before you apply for a loan, you must have signed and understood the Kongalend Group Constitution, received training on group loan rules and conditions.
Application forms will be distributed at group meetings. Your application must be approved by the group before being submitted to Kongalend.
Copy of your Namibian ID
Copy of the ID of your guarantor
Three to six months’ bank/NamPost statements; and where possible, valid quotations from the supplier(s) of items to be financed with the loan.

Loan Repayment

Loan repayments are collected by the group treasurer from members, once monthly, at group meetings. The group treasurer or a trusted group member is delegated to deposit the total group loan repayment to Kongalend’s nominated bank account.
The Kongalend Loan Account Officer meets with the group on a monthly basis to collect loan payment receipts, reconcile payments and provide, attend to new loan requests and provide vital information to group members.