24/10/2026
Mama Bank and SMEC Sign MoU on Entrepreneurship Training and MSME Financing Partnership
We have signed a Memorandum of Understanding (MoU) with SMEC on “Entrepreneurship Training and MSME Financing Partnership” to strengthen financial inclusion and empower aspiring entrepreneurs and existing micro, small, and medium enterprises (MSMEs) across Papua New Guinea. Through this strategic partnership, both institutions aim to bridge the gap between entrepreneurship training and access to finance, enabling participants to turn their business ideas into viable enterprises and grow their existing businesses sustainably; the services have now been expanded to Goroka, Kimbe, Mt. Hagen, and Lae.
The partnership will focus on:
- Supporting business start-ups and entrepreneurial development under IGMC (Invest and Grow Your Money Concept)
- Facilitating access to start-up capital through a complementary loan through group lending under SMEC’s endorsement
- Expanding access to financing for eligible SMEC and Mama Bank program participants and graduates.
By combining entrepreneurship training with access to appropriate financing, we are committed to creating opportunities for business growth, sustainable livelihoods, and socio-economic empowerment in both rural and urban communities.
Together, we are turning entrepreneurial potential into business opportunities and building a stronger, more inclusive MSME sector in Papua New Guinea.