Private Money Lenders

MSMEs’ potential to expand economy

The transition to formal MSMEs will expand the economic base of Papua New Guinea (PNG).

The National Research Institute (NRI) Spotlight Volume 16, Issue 7 titled “Prospects and challenges of informal money lending in Papua New Guinea” by Joseph Kaile, Research Project Officer at PNGNRI identified challenges faced by informal finance operators and some initiatives that can be used to migrate the operators to MSMEs.