PNG Microfinance Ltd

10/07/2017

Our New Savings Posters,
Please massage us or email [email protected] if yous are interested in opening a new account, and we will kindly assist you.
PML small Money,Big Difference.

19/06/2017

Good afternoon All,
Please share with family or friends who are interested in obtaining a Loan and look no further than (PML)Png Micro finance Ltd,if you have any questions regarding our Loan products please visit a nearest branch at your location or you can email us at [email protected]

10/04/2017

PNG Microfinance Ltd is currently running a Promotion on Term deposit (IBD)and its based on our Smart Savers Campaign.
Save as low as K300 in our Term Deposit and go into the draw to win great prizes.T&C applies.
For more information please email [email protected] or visit any of our nearest branches.

26/03/2017

21/03/2017

Need funds for business operation or asset acquisition. Look no further than us! Email: [email protected]

04/02/2017

Dona’s Banana Business

Dona Yarapea, a 36 year old enterprising woman from Erave in SHP. She is married with two children. She is a PML SME loan client from the informal economy who buys and resells banana at Waigani Market.

Dona’s enterprise started in 2012 with just a K50 from her elder sister. She started with buying cucumber from Gordons Market and reselling at Waigani Market. Later in the same year, she moved from buying and reselling cucumbers to vegetables. In 2013, she opened her first savings account with PML. “Taim mi opim pes seving akaount wantaim PML, mi save traim bes long savim K50 – K100 olgeta wik”. Dona says, she opened her first bank account with PML and tries her very best to do a weekly savings of K50 – K100 consistently.

But life became more difficult, as she needed more money to support her two children’s education whilst meeting daily family needs. She wasn’t earning enough from her vegetables sales and her husband was unemployed and occasionally drove private taxi cabs. Thus, in the same year (2013) she further moved from selling vegetable to selling banana. She spends around K500 weekly to buy baskets of banana and resell. She realizes that, from the Bananas she earns good revenue per week and so she increased her banana sales. She also increased her weekly savings from K250 – K300.

In 2014, she took her first loan called Fast Track Dinau (savings based) of K1000 to pay for her children's education. She repaid the loan the same year. In 2015, with increased saving, she was able to take her second loan. This one was an SME Loan to purchase her first car. With this car she had created her husband’s employment and increased her income. She repaid the loan the same year, and took a third loan(SME) to purchase her second car. Both cars operate as taxi cab and at times are on hire. She continues to sell bananas at main Waigani market while her husband minds the cars. Her husband is very supportive.

Dona says, she has big plans, but her dream is to see her two children get college or university education so that, they do not have to start life the hard way like her. She says, with her faith in God, hard work and consistent savings of small-small amount of money, has paid her off. Dona appreciates PML, and encourage women like her to open savings account with PML and use it to their benefit.

01/02/2017

Meet your financial needs with our SME & Bisnis Loans.

Financial solution for your Business. Look no further than PML :)

24/01/2017

Financial solution for your Business. Look no further than PML :)

26/12/2016

Small money , Big difference

01/12/2016

Life-cycle needs demand lump sum payments, and when not met, puts one under financial pressure that can lead to other problems like stress. These needs may include; planning to get married (wedding/bride price), 2) when a baby is about to be born, 3) children's school fees, 4) medical bills, 5) funeral expenses, 6) or even build a home or need to expand or renovate existing homes.

Unfortunately, what most people fail to understand is that, these needs are seasonal except for death and sicknesses, and they can plan to meet these needs when they arise. That's why we promote a savings culture with our savings products and when our clients save through them, they are able to meet these specific needs when arise.

Each savings product is designed to meet these needs. You don't have to save lump sum amounts, rather we encourage small-small savings done consistently over a period of 26 fortnights or 12 months through our savings campaign plan, for both informal and formal sectors. With our savings campaign plan our clients avoid falling into financial pressure traps and enjoy doing consistent savings and staying financially discipline.

13/11/2016

PML Term Deposits (TD) are as low as K300 and as high as above K1 million. Don't keep cash at home or in bank accounts that don't earn you a good interest and charge your hard earned savings. Plan for the future now and increase your earning ability by investing in our TD accounts.