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Port Moresby
May 27, 2022
Featured Islands News

Financial Education in Manus

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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