Fides Bank Downsizes in Windhoek to Focus On North
All Africa Global Media - Tue Feb 25, 8:08AM CST
Fides Bank Namibia, currently the only micro finance bank in the country, says it will downsize its activities in Katutura as they were too "costly" to develop and have not yielded the expected socio-economic impact on its clientele. The operations also proved to be economically unsustainable. The bank opened its Katutura branch In November 2012 with the aim to offer financial services to micro entrepreneurs in the area.
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