Women's Micro Bank and Sun King have a strong and shared partnership! Representatives from both companies held a strategic meeting this morning to discuss the status and way forward for the Solar Pawa Dinau initiative. This initiative is a testament to our strong partnership and shared commitment to providing reliable and affordable solar energy solutions to communities in Papua New Guinea. The meeting focused on enhancing product accessibility and ensuring robust support for rural households. By combining Mama Bank’s extensive network with Sun King’s innovative solar technology, we aim to significantly improve the quality of life for many families, empowering them with clean, renewable energy and bringing sustainable development. Our products and services are available in Port Moresby, Lae, Goroka, Alotau, Wewak, Angoram, Yangoru, Maprik, Drekikier, Wosera-Gawi, Vanimo, Nuku, Lumi, and Aitape. Contact our MAP (Mama Bank Access Points) and branches to inquire more. Yolson Tanda Prabhash Ranjan #SolarEnergy #SolarPower #RenewableEnergy #CleanEnergy #GreenEnergy #SolarHome #SolarLighting #SolarPanels #SolarFuture #SustainableDevelopment #GoSolar
Women's Micro Bank
Banking
Port Moresby, National Capital District 16,671 followers
Mama Bank bilong yumi...
About us
Women's Micro Bank Limited (WMBL) is a licensed Micro Bank regulated by Bank of PNG. WMBL was formally known as PNG Women in Business Micro-finance Institute Ltd established in 2010, received its Banking License from Bank of PNG in May 2014. The Bank is the (5th) deposit taking licensed Micro Bank and more importantly the first Women's Micro Bank in PNG and in the Pacific Region. Currently WMBL has a clientele base of 27,000 and is the only financial institution, with an explicit focus on women in PNG. With its first few months of operations, the Bank has been selected as one of the best companies for women among APEC Countries. The Bank is a subsidiary of PNG Women in Business which sprang from PNG Women in Business Foundation, formally known as City Mother's Business Foundation, established in 2006.
- Website
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http://www.womenmicrobank.com
External link for Women's Micro Bank
- Industry
- Banking
- Company size
- 51-200 employees
- Headquarters
- Port Moresby, National Capital District
- Type
- Privately Held
- Founded
- 2014
- Specialties
- microfinance, financial literacy, investment, loans, term deposit, and savings
Locations
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Primary
Waigani Drive, Waigani Central.
BSP Waigani Central Building
Port Moresby, National Capital District 125, PG
Employees at Women's Micro Bank
Updates
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We are witnessing progress and prosperity for exporters and women SMEs! We are privileged to be a part of this groundbreaking initiative supported by Australia which has provided significant support to value chain exporters like Mr. Mark Munnul Jr and others. The revolving fund has played a crucial role in empowering exporters and women-led SMEs, ensuring they have the financial resources needed to thrive. By offering accessible and sustainable financing options, the revolving fund has enabled these businesses to expand their operations and enhance their productivity. This, in turn, has strengthened the entire value chain ecosystem. and has helped create numerous job opportunities, uplifting the livelihoods of many families and communities. #AgriValueChainFinancing
Small business loans can result in big business impact! Australia has partnered with Women's Micro Bank (WMBL) to support PNG’s agriculture SMEs, by providing loans through the Revolving Fund Facility. Attendees at the recent Credit Guarantee Corporation (CGC) Agri Trade Expo in Port Moresby heard that these loans were providing opportunities for business expansion and stronger supply chains. Jiwaka-based coffee exporter, Kosem Ltd, shared their experience as recipients, having taken out two Revolving Fund business loans through WMBL. Kosem CEO Mark Munnul Jr explained what this meant for the business and the coffee farmers they source from. "It's hard for businesses in the agriculture space to grow. We survive, but to grow, we need money… Fortunately Australia, through Mama Bank, was able to assist us and give us the Revolving Fund loan and we were able to expand into Wau, and we were able to get coffee from the farmers in Wau." With its second Revolving Fund loan, Kosem Ltd sourced coffee from more than 8,500 farmers in Wau in the most recent coffee season. This shows that when access to finance is provided to one business, economic opportunities and market connections can be created for many. The Revolving Fund is funded by Australia and managed by WMBL. It is a credit facility designed to provide short-term loans to exporters, SMEs and women-owned and women-led SMEs. Interested applicants can find out more information about the Revolving Fund by contacting Women’s Micro Bank: 675 7091 0900 or [email protected] #PNGAusPartnership
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Financial Literacy Training (FLT) is crucial for empowering individuals with the knowledge and skills needed to manage their finances effectively, promoting economic stability and personal growth. Mama Bank has taken significant steps to contribute to the financial literacy space by conducting comprehensive training sessions across the country. Recently, we held FLT sessions in Port Moresby, Marpik (East Sepik), and Lae (Morobe), where a total of 113 participants gained valuable insights into budgeting, saving, and investing. These efforts are part of our ongoing commitment to enhance financial inclusion and support the economic development of individuals and communities. If your community, organization, school parents, youth clubs, or women's groups are interested in participating, reach out to us at [email protected] or call us at 7091 0900 #FinancialInclusion #EconomicEmpowerment #MamaBank #FinancialLiteracy Josephine Peter Paul Turu Samson Junas Rex Noga
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We are excited to be a part of this initiative to support the Green Taxonomy. As a bank specifically designed to support informal sector women, MSMEs, and SMEs and their families, our mandates are closely aligned with the goals of the Green Finance Centre. The recently held Technical Working Group meeting was attended by Prabhash Ranjan. The meeting was about understanding the efforts that have gone so far, the onboarding of new partners, and further plan of action. Our key takeaway is that collaboration and cooperation are essential in achieving the goal of creating sustainable and inclusive green financing. #GreenFinance #SustainableDevelopment #InclusiveFinance
🌿 Today, the Green Finance Centre (GFC) under the Inclusive Green Finance Project (IGFP) hosted its first Technical Working Group (TWG) meeting of the year at the Hilton Hotels, Port Moresby. 🌍 👏🏻🇵🇬The meeting saw participation from representatives of key sectors, including government departments, financial institutions, bilateral and multilateral partners, civil society organizations, NGOs, and private sector entities. ↗️✅The GFC provided updates on its activities, progress, and the workplan for the remaining year. The TWG members also agreed on 4-5 priority sectors for the GFC to focus on under the Green Taxonomy. 🌱💼 ℹ️Stay tuned for more updates from the TWG Meeting 📰 Bank of Papua New Guinea GGGI Papua New Guinea CEFI- Centre for Excellence in Financial Inclusion Climate Change and Development Authority - Papua New Guinea New Zealand Ministry of Foreign Affairs & Trade Agence Française de Développement Agence Française de Développement - AFD - dans l'océan Pacifique Alliance for Financial Inclusion (AFI) ANZ BSP Financial Group Limited MiBank PNG Women's Micro Bank Steamships Limited Moni Plus TISA - Savings - Investing - Insurance KPMG PNG Deloitte Emstret Holdings Limited World Vision Papua New Guinea Papua New Guinea Tourism Promotion Authority USAID PNG Sustainable Landscapes nasfund United Nations Capital Development Fund (UNCDF) UNCDF Pacific Credit Corporation (PNG) Limited #GreenFinance #SustainableDevelopment #InclusiveGrowth #ClimateAction #PortMoresby #GreenTaxonomy
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🌟 Exciting News! 🌟 Mama Bank is thrilled to announce a strategic partnership with the Kerowagi District Development Authority (DDA) through a Memorandum of Agreement (MOA) signed this morning in Port Moresby. This MOA represents our shared commitment to enhancing financial inclusion and driving economic empowerment in the Kerowagi, Chimbu Province. Hon. Member Francis Kikin Siune MP, Kerowagi District, expressed his gratefulness for the partnership and commended the approach that Mama Bank has taken. He emphasized that this initiative will not only benefit the informal sector but also serve as a gateway to explore further economic activities within the district and contribute to the larger perceptive of nation-building. The Chairman of Mama Bank Mr. Noel Norinkgu, expressed gratitude on behalf of the bank, thanking Hon. Member Francis Kikin Siune MP, Kerowagi District, and his team for their support and belief in our shared vision. This partnership is a significant milestone in improving access to financial services for the local people of Kerowagi. Mama Bank is dedicated to serving the people of Kerowagi and Papua New Guinea by contributing to their financial well-being and overall prosperity. Together, we are building a brighter financial future for all! #FinancialInclusion #EconomicEmpowerment #MamaBank #KerowagiDDA #ChimbuProvince #PapuaNewGuinea #StrategicPartnership
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📌Exciting news! Our Salary Mid-Year Promotion is here, offering a fantastic opportunity for 10 LUCKY WINNERS NATIONWIDE. Simply visit any of our Branches and MAPS, and you could be one of the LUCKY WINNERS. This exclusive promotion is only available to NEW CUSTOMERS ONLY making now the perfect time to join us. Don’t miss out on the chance to boost your financial wellness with our exceptional services and support. Whether you’re looking for reliable banking solutions or personalized financial advice, we’re here to help. Hurry in and take advantage of this limited-time offer. Visit your nearest branch today, and you might just be one of our 10 LUCKY WINNERS. The promotion is only valid for a short period, so act fast! Join us and experience the difference. Secure your spot in this exciting opportunity now! #SalaryLoans #MidYearPromotion #MamaBank
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🌞✨ Introducing Sola Pawa Dinau by Mama Bank! 🌞✨ In partnership with SunKing and NGF, Mama Bank is bringing the benefits of solar energy to rural communities in Papua New Guinea. The “Sola Pawa Dinau” initiative provides reliable, affordable solar products, offering a sustainable alternative to traditional, costly, and harmful energy sources. With solar power, families can enjoy brighter nights and extended productivity. Children can study after dark, businesses can operate longer, and homes are safer with better lighting. Visit your nearest Mama Bank branch or MAP to learn more about the product and loan options. SMEs can also partner with us to incorporate solar products into their businesses, driving positive change and empowering communities. Join us in creating a brighter, greener future! Contact us at [email protected] or call 7091 0900 to learn more. #SolaPawaDinau #MamaBank #SunKing #NGF #RenewableEnergy #SustainableLiving #RuralEmpowerment #CleanEnergy #PNG
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Financial Literacy Training- MAPRIK. Improve your financial skills and secure your future! 💼 Join Mama Bank's Financial Literacy Training for K80. Limited spots are available for the training on 23rd July 2024. Register now to guarantee your spot and receive a certificate. Don't miss out on this opportunity to invest in your financial education! #FinancialLiteracy #MamaBank #InvestSmart
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Mama Bank, in partnership with the Australia-Papua New Guinea Economic Partnership (APEP), has launched “Agri Value Chain Financing” to strengthen the agriculture value chain in Papua New Guinea by providing tailored financial support to Agri-exporters and focusing on Coffee, Cocoa, Copra, and Vanilla. By offering accessible loans and financial services, we aim to enhance the quality and quantity of agricultural products, ensuring they meet international standards. We invite all exporters and SMEs to explore this opportunity and inquire about our loan services to increase their productivity. For more information, reach out to us at [email protected] or call us at 7091 0900
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📌IMPORTANT NOTICE: TO ALL INTERESTED CUSTOMERS FOR OUR FINANCIAL LITERACY TRAINING📢 We still have a few spots available for Mama Bank Financial Literacy Training on Friday 19th, July 2024. Registration will close on Friday 12th, July at noon. Visit our Mama Bank Head Office to pay and secure your spot. #FinancialLiteracy #FinancialFreedom #Budgeting #SavingMoney #FinancialInclusion #FinancialGoals #EconomicEmpowerment #FinancialAwareness
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