Finance: Credit & Borrowing

Credit literacy for everyday life—interest, loan types, credit bureaus, and how to avoid common debt traps in Namibia.

What you will learn

• Calculate the true cost of borrowing
• Choose appropriate credit products
• Manage debt and maintain a healthy credit record

Course outline

1. 1. How credit works

   Loans, interest, and the true cost of borrowing.

   40 min

2. 2. Types of credit & when to use them

   Personal loans, overdrafts, store accounts, and mortgages.

   45 min

3. 3. Credit records & responsible borrowing

   Credit bureaus, scores, and protecting your record.

   50 min

4. 4. Managing debt & avoiding traps

   Repayment strategies, negotiation, and scams.

   45 min