trust your business spirit type private industry banking predecessor namibian german microfinance limited founded 1 february 2010 1 headquarters ongwediva namibia number of locations 4 branches 2012 area served namibia ohangwena omusati oshana and oshikoto services microfinance sme finance owner swiss microfinance holding 30.05 % kfw 24.90 % investisseurs et partenaires pour le d veloppement 22.45 % volksvermogen nv 12.60 % cr dit coop ratif 10.00 % number of employees 135 2012 divisions microfinance operations msme operations website www.fidesbank.co.na fides bank namibia is a commercial bank in namibia . contents 1 overview 1.1 history 1.2 activity 1.3 geographical presence and branch network 2 ownership 3 see also 4 references 5 external links overview edit fides bank namibia received its provisional banking license on 4 august 2009 . 2 3 and its permanent license on 1 february 2010 . 4 5 the institution has its headquarters located in ongwediva in oshana region north central part of namibia . it is one of the five commercial banks . 6 licensed to operate in the country by the bank of namibia the national banking regulator 7 8 and the first microfinance bank created in the country since independence . 9 history edit the bank was built after a pilot project called koshi yomuti elo . 10 11 this project developed microfinance activities from 2002 to 2010 12 13 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 . 14 activity edit fides bank namibia is active in two banking segments 5 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 . 15 the development of this activity is based on a group methodology 16 and deals with populations almost exclusively excluded from the formal namibian banking system . 17 micro small and medium size enterprises financing this activity targets semi formalized and formalized businesses usually not approached by traditional banks . 17 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 . 18 geographical presence and branch network edit as of october 2012 update 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 . 19 20 a new branch is about to open in the khomas region in katutura . 21 ownership edit fides bank namibia was owned at the time of its inception by four shareholders swiss microfinance holding 30.05 % ; 17 german development bank kfw 24.90 % ; 22 investisseurs et partenaires pour le d veloppement from france 22.45 % ; and the belgium based fund volksvermogen nv 12.60 % ; 23 24 the french cooperative bank cr dit coop ratif 10.00 % since late 2011 . 18 see also edit bank of namibia economy of namibia kreditanstalt f r wiederaufbau list of banks in namibia microcredit microfinance references edit certificate of authorization to conduct banking business no . bic 006 issued in windhoek by the bank of namibia terblanch ni l 6 august 2009 . bon staan banklisensie aan mikrolener toe . die republikein in afrikaans . first micro finance bank gets licence . namibia economist . 7 august 2009 . heita desie 4 february 2010 . bank for poor opens its doors . new era . a b pletter roman ; maroldt kristina may 2010 . business on credit . heita desie 1 september 2009 . big four banks not scared of competition . new era . heita desie 4 august 2009 . micro finance banking sparks need for regulation . new era . alkatib sukaynah september 2009 . lifeline for the . insight namibia . mach marco 5 august 2009 . mikrofinanzbank erh lt lizenz . allgemeine zeitung in german . katswara tonderai 25 october 2006 . micro finance improves lives of rural people . the namibian . goeieman fred 17 august 2007 . vrede vestig die grondslag vir groei s kenner . die republikein in afrikaans . vries da oud 22 september 2008 . germany gives seed capital for namibia s first micro finance banking institution . the namibian . bothma ruhan 23 september 2008 . miljoene dollar se hulp vir entrepreneurs . die republikein in afrikaans . geutling thorsten 6 september 2008 . germany bankrolls micro finance bank for the north . informant . meyer daniela december 2011 . victorias bankgeheimnis . uro in german . grameen model launched in namibia . business post . 1 february 2010 . a b c fides bank namibia . financial services namibia 2011 2012 . june 2011 june 2012 . a b incofin 5 september 2012 . volksvermogen contributes to a capital increase in fides bank namibia to support its further growth . retrieved 21 september 2012 . oshakati kantoor 30 april 2010 . fides bank open tak op oshakati . die republikein in afrikaans . fides bank namibia limited opened its doors to the public . nbc news . 2010 04 29 . retrieved 2011 04 15 . mbangula willian j. 26 july 2012 . fides bank to open katutura branch . informant . alweendo ndapwa 4 august 2009 . german investor in micro finance bank has no plans to stick around long . the namibian . mix market . profile mix market de koshi yomuti . retrieved 29 october 2010 . the prospective fides bank namibia ltd receives the provisional banking license from bank of namibia press release 4 august 2009 external links edit fides bank namibia official site financial systems development services ag official site retrieved from https en.wikipedia.org w index.php title fides bank namibia & oldid 716778723 categories banks of namibiacompanies of namibiacompanies established in 2010banks established in 2010microfinance2010 establishments in namibiahidden categories cs1 afrikaans language sources af cs1 german language sources de engvarb from january 2014use dmy dates from january 2014articles containing french language textarticles containing dutch language textarticles containing ndonga language textarticles containing potentially dated statements from october 2012all articles containing potentially dated statements navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutschfran ais edit links this page was last modified on 23 april 2016 at 20 27 . text is available under the creative commons attribution sharealike license ; 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