Representatives from seven different financial institutions participated in a one-day training session facilitated by the Credit Guarantee Corporation (CGC) to enhance their understanding of CGC’s guarantee products and services on August 25, 2025.
The officers, who work in lending, recoveries, and relationship departments, represented East New Britain Savings and Loans Society (ENBSL), Kina Bank, FINCORP, MiBank, Tisa Bank, Nambawan Savings and Loans Society (NSLS), and Kada Poroman Limited (KPML).
In his welcoming remarks, CGC Chief Executive Officer Dominic Sikakau thanked participants for their attendance and reiterated CGC’s role in supporting SMEs.
He highlighted the collective economic benefits of increased SME lending and stressed the important role financial institutions play as enablers by extending credit with the backing of CGC’s guarantee, particularly for businesses lacking collateral.
The session, led by CGC’s Business Operations Manager, Tony Deklin, covered key topics including SME eligibility criteria, the guarantee application process, and how CGC’s products and services can strengthen SME lending practices.
Deklin also highlighted CGC’s Loan Referral Platform (LRP) as a crucial complementary service. The platform enables financial institutions to upload their loan products online for customers to browse and submit loan applications directly to the financial institution.
Representing the participants Lopa Alua said the session was both informative and engaging and commended CGC for bringing the training to the branch level in the province.
