PNG MicroFinance
Sector: Commercial • Location: Papua New Guinea
Source: International Finance Corporation (IFC)
PNG Microfinance Ltd. (PML or the company) was established in 2004 and is sponsored by PNG Sustainable Development Program Ltd. (PNG SDP or the sponsor). PML was granted a license by the Bank of Papua New Guinea to operate as a financial institution in December 2004. PML will provide credit and financial services (including savings) to micro and small businesses in Papua New Guinea (PNG). With
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | completed |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | PNG Microfinance Ltd. (PML or the company) was established in 2004 and is sponsored by PNG Sustainable Development Program Ltd. (PNG SDP or the sponsor). PML was granted a license by the Bank of Papua New Guinea to operate as a financial institution in December 2004. PML will provide credit and financial services (including savings) to micro and small businesses in Papua New Guinea (PNG). With a proposed paid up capital of Kina 15 million (approximately $5 million), PML will operate across PNG and will aim at achieving long-term sustainability on a commercial basis. The project comprises of the following components: - an IFC equity investment of up to $1.0 million equivalent for shareholding of approximately 19% in the expanded share capital of PML; and - an IFC senior loan of up to $2.0 million to PML with a tenor of up to five years. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |