UNPACKING THE DAY WITH MIKE (25 JUNE 2026)
A parliamentary inquiry into lending practices has exposed Namibia’s growing household debt crisis, with lawmakers questioning whether current laws sufficiently
protect borrowers from exploitation.
The Micro Lenders Association (MLA) has rejected claims that microlenders are responsible for Namibia’s debt crisis, attributing the problem to weak personal savings, multiple credit sources, and broader socio-economic pressures rather than predatory lending practices.
