People’s Micro Bank Ltd

People’s Micro Bank to be commercialised

This was revealed by Minister for National Planning and Implementation, Richard Maru, on the floor of parliament on Wednesday.

He said the Government has captured it in the 2018 budget.

The Minister was replying to questions from Finschhafen MP Reinbo Paita, who highlighted the hardships faced by the rural populace to get loans and do normal banking transactions because of the high bank fees.

“People in the villages cannot access loans because most commercial banks have unfriendly conditions,” said Paita.