Institution Contact Details |
|
| Name of Institution |
PNG Microfinance Limited |
| Postal Address |
Musgrave Street Level 2 ADF Haus Port Moresby |
| Country |
Papua New Guinea |
| Telephone |
(675) 321 2111 |
| Fax |
(675) 321 3154 |
|
Website Address |
N/A |
|
Skype |
N/A |
|
Contact Person |
Paul Thornton |
|
Position |
Managing Director |
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Current Legal Status of the Institution |
Non-Bank Financial Institution
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Objectives |
To inspire broader economic participation, financial independence and social prosperity
|
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Brief History |
PML was established in 2004 by PNG Sustainable Development Program Limited to provide financial services to the un banked people of PNG. PML applied for and was granted a financial institutions licence by the Bank of PNG in December 2004.
|
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Ownership
|
PNG Sustainable Development Program Limited - 49%
|
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Operations related to |
Lending - group lending, individual lending and consumer finance.
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Main Funding Sources |
Savings
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Main Challenges |
Infrastructure is limited and mainstream financial services are mainly restricted to larger urban centres.
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Other Networks |
None |