The Namibian -·3 min read·medium
Entrépo microlender freezes loans after government payroll change
S
Shania Lazarus
✦AI Summary
Namibian microlender Entrépo has frozen new loan applications following the government's decision to terminate the payroll deduction management system. The company is currently undergoing staff retrenchments and evaluating its future viability as its primary business model becomes unsustainable.
Microlender Entrépo, which had a payroll deduction arrangement for civil servants, is weighing its future after the government ended the deductions on which its business mainly depended.
businesseconomy
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