NSA to conduct financial inclusion survey
02 Oct 2017 16:40pm
WINDHOEK, 02 OCT (NAMPA) The Namibia Statistics Agency (NSA) is conducting a financial inclusion survey to determine the accessibility of financial services and products.
The nationwide survey aims to collect information on financial needs, access to financial service preferences and the financial behaviour of consumers.
Briefing the media here Monday, NSA Statistician-General Alex Shimuafeni said the survey also aims to identify how low-income groups can access financial institutions at an affordable cost.
The survey is very important to shape the financial sector; for example it will help them set up Automatic Teller Machines (ATM) close to the people and this will avoid people having to travel long distances just to access an ATM, said Shimuafeni.
The survey will not cover all households in Namibia and will be conducted in selected households in a random sample that will be aided by the use of geographic information systems in all 14 regions.
The survey will be conducted in stages. The listing phase started on Monday and ends on 24 October, while the interview phase takes place from 24 October to 13 November 2017.
Shimuafeni further said the success of the survey depends on the publics full participation and he therefore urged the public to cooperate.
The report will be published in March 2018.
The survey is being carried out at a cost of N.dollars 5.8 million.