The Bank of Papua New Guineahas presented a new license tothe board ofthe People'’s Micro Bank Limited.
Governor Loi Bekani said this will facilitate access to finance for small to medium enterprises through a risk share facility.
Mr. Bekani welcomedthe new entity and its efforts to reach out tothe 85 percent ofthe population that is unbanked or underserved.
This he says supports government'’s vision 2050'’s objective for a financial inclusive population.
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