The objectives of the Micro Lenders Association of Namibia are: Download PDF

 

to position the micro lending industry as a legitimate and credible one;

 

to gain recognition for micro lenders as an important and integral part of the financial services mainstream;

 

to distance itself from harmful business practices in the industry and to play an active role in the elimination of such practices.

 

 

Advantages of a Membership of the Micro Lenders Association of Namibia

 

The MLA is the only recognized representative of the micro lending industry in Namibia.

 

The MLA is advised and represented by a legal advisor that knows the industry and all the applicable legislation.

 

The Management of the Association informs the members of any changes in legislation or other practices as soon as it becomes applicable in the industry.

 

The Management of the Association and the legal advisor attend all relevant industry meetings with the Regulator, NAMFISA, and reports relevant information to the Members.

 

NAMFISA consults with the MLA on new legislation.

 

The Management of the Association studies and advises NAMFISA on various issues regarding the micro lending industry in Namibia.

 

As part of a larger group of businesses, the Members enjoy more negotiation power than any individual business would have in issues relating to the industry.