SME lending system

Govt supports BSP to roll out SME lending system

The software system is a product of cooperation between the Government, BSP and the World Bank through the International Finance Corporation.

Minister for Commerce and Industry, Wera Mori, presented the cheque to BSP CEO, Robin Fleming, today.

Minister Mori, said the PNG SME access to finance project through the ‘LendFast’ system, has been successful given the good response to the facility by the SME sector.

He commended BSP for the implementation of the system, providing loans to SME’s which in turn will boost the economy.