Open Letter to Robin Sherbourne / Nedbank Namibia & Old Mutual Namibia
I am sitting in Germany struggling to establish a Credit Register System in Namibia. I have been working on this project for over 12 years in the hope that with such a system there would be more affordable credit for poor people and small- and medium-sized enterprises (SME's) in my country. With very little funding (and no salary), I have managed to get this idea on to the national agenda. All financial institutions and supervisory bodies understand the need for a credit register system to allow financial inclusion - access to banking services especially by the poor, black people of our country. To get this idea to the public I have been sending emails to individuals within government and the business sector since 1997. This morning (6 April 2011) I sent a copy of a blog about the need for a Credit Register in India to the financial services community in Namibia. "... one of the major complaints against micro-finance institutions (MFIs) is the widespread trend of multiple...