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Less than 1% loan recovery rate at NSFAF
CHAMWE KAIRA The Namibia Students Financial Assistance Fund (NSFAF) recovered just N$21.5 million in student loans during the 2024/25 financial year, representing less than 1% of its total student debtors, while its loan book carried an expected credit loss allowance of N$5.3 billion. Auditor-General Junias Kandjeke raised concerns about the fund’s loan recovery processes, accounting […]
Windhoek ObserverBy Chamwe Kaira13 Oct 2026, 05:47 am
The Namibia Students Financial Assistance Fund (NSFAF) recovered just N$21.5 million in student loans during the 2024/25 financial year, representing less than 1% of its total student debtors, while its loan book carried an expected credit loss allowance of N$5.3 billion.
Originally published by Windhoek Observer on 13 Oct 2026, 05:47 am. View original article