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June 17, 2021
Featured Islands News

Financial Education in Manus

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According to the Central Bank, an estimated 70 to 75 percent of the total population is excluded from access to the formal financial sector. A large chunk of these, are women.

Because of this, the Microfinance Expansion Project has rolled out training to the provinces; and many people in remote areas have benefited from the training; more recently, in the Manus Province.

The Project recently graduated more than 2,000 men and women; now knowledgeable on saving and wisely spending money.

The training is designed to bank the unbanked, with close emphasis on closing the gender gap in financial inclusion.

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