People Power Loan

Our People Power loan provides finance for micro-entrepreneurs who are members of a community-based group of microentrepreneus in their village or area and are graduates from Kongalend’s Group Power loans. The loan must only be used for productive purposes, that is, for income generating activities and employment creation.


You must be an active group member. This means attending meetings at your group centre and always abiding by group rules.
You must have progressed through the first three cycles of Konga Microfinance’s Group Power loans and have an excellent repayment history.
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.

Product Features

People Power loans are structured in three cycles, with a minimum loan amount of N$20,000 and maximum of N$50,000.
Loans are provided on a stepped-up basis to reward and encourage good repayment behaviour


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 on approval on your loan.
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
Six months’ bank/NamPost statements; and
Where possible, valid quotations from the supplier(s) of items to be financed with the loan.