MSME

MSME owners had the opportunity to open their MiBank accounts and were trained on how to use CellMoni in their day-to-day transactions. They were also shown how to repay their loans, add to their Savings and contribute to their Eda Supa using CellMoni.

If you wish for our teams to visit your community, please contact us on cellmoni.support@digicelgroup.com or call our Customer Care team on 888.

CellMoni is a Digicel service that allows customers to receive, store and spend money using their mobile phone.

Business Link Pacific (BLP) in partnership with the Centre for Excellence in Financial Inclusion (CEFI) yesterday launched the Finance Finder online tool.

BLP is a private sector development programme funded by the New Zealand Ministry of Foreign Affairs and Trade, a New Zealand Aid Programme initiative honouring New Zealand’s commitment to supporting the economic growth of Pacific Island countries.

He said providing SME funding to National Development Bank and Bank South Pacific under the Stimulus Package falls short of what the MSME sector really needs to fuel its growth and expansion.  Provision of cheaper and accessible loans is not sufficient for overall MSME sector growth.  

Two critical SME sector interventions PNG needs are:

Being the president of the PNG MSME Council, he has been the voice advocating the development of SME in PNG for over a decade now.

Having begun his career in finance in 2005 and in years after that has built a field of knowledge in how better to assist individuals in the SME sector.

He said every successful financial strategy starts with an excellent client relationship.

Three weeks after the lockdown was lifted, business owners across the country continue to feel the effects of the covid-19 pandemic.

Women in SME who own stalls at the business center under the Pacifica Women’s Network, have called on the government to help subsidize their rental fees under the K5.6 billion stimulus package.

The Micro, Small & Medium Enterprises sector was promised K250 million.

Since the lockdown was lifted, the business center has not received as many customers as it used to. This has forced many to close down their business.

Restrictions necessary for the safety of all citizens but nonetheless affecting major businesses down to informal sector stalls and the livelihoods of many.

The majority of Papua New Guineans are resilient by nature and part of the middle bracket, Micro-Small-Medium Enterprises or MSME’s but tough times are affecting everyone.