FIDES Bank Namibia Vacancies and Jobs
FIDES Bank Namibia received its provisional banking license on 4 August 2009. and its permanent license on 1 February 2010. The institution has its headquarters located in Ongwediva in Oshana Region (North-Central part of Namibia). It is one of the five commercial banks. licensed to operate in the country by the Bank of Namibia (the national banking regulator) and the first microfinance bank created in the country since independence.
The bank was built after a pilot project called Koshi Yomuti ELO. This project developed microfinance activities from 2002 to 2010, targeting specifically rural population seeking to develop income generation activities. This project initially started in Ohangwena Region and moved to Ondangwa in 2005, Oshakati in 2006 and Outapi in 2007. Upon creation of the bank, the portfolio of loan was transferred to the new institution, which developed from then on an MSME portfolio as well.
FIDES Bank Namibia is active in two banking segments:
- income generation activities financing (microfinance): this activity aims at proposing savings and loans products to a clientele mainly located in rural areas of the country. The development of this activity is based on a group methodology and deals with populations almost exclusively excluded from the formal Namibian banking system.
- Micro, small and medium-size enterprises financing: this activity targets semi-formalized and formalized businesses, usually not approached by traditional banks.
At the end of 2012, FIDES Bank Namibia had a client base of approximately 11,000 people and little above 650 microfinance groups, borrowing on average 216 euros.
Geographical Presence and Branch Network
As of October 2012, FIDES Bank Namibia is present in the four ‘O’ regions of Northern-Central Namibia (Ohangwena, Omusati, Oshana and Oshikoto). It has a network of 4 branches located in Ondangwa, Oshakati, Oshikango and Outapi. The first branch was opened in Oshakati in April 2010. A new branch is about to open in the Khomas region, in Katutura.