Development Bank of Namibia (DBN) has unveiled Mekemo Trading, a mechanical and automotive services provider, as a recipient of skills-based finance for young artisans.
The Bank’s skills-based facility for young artisans and professionals is designed to enable aspirant entrepreneurs with professional or artisan qualifications, but with limited or no collateral, to embark on the course of entrepreneurship. It also enables young entrepreneurs with emerging businesses to expand.
The Bank defines young entrepreneurs as aged 36 and younger, but will, in exceptional circumstances, accept applicants aged up to 40.
Acting Head of SME Finance Hellen Amupolo said Mekemo is an excellent example of what DBN set out to achieve with skills-based finance for young entrepreneurs.
Operated by Rens Mekemo Shilongo, aged 33, Mekemo Trading provides automotive services including mechanical services, spray painting and panel beating for cars, trucks, buses, farm implements and mining and construction equipment. Located in Katutura, the company