PNG Microfinance Ltd plays a vital role in the economy of Papua New Guinea’s Western Province by mobilising savings and providing financial services to many small businesses that are not able to meet the lending criteria of the major banks.
Although it operates nationwide, it has a particular focus on Western Province, where it has seven branches.
Its suite of services includes deposit facilities, business loans for micro business operators, working capital and asset purchase loans for SMEs, as well as agribusiness loans, including to the rapidly increasing number of rubber-growing smallholders.
This article first published in PNG’s Western Province 2012
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