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First 20 Mothers receive SME loan statements under NDDA Partnership Program
๐Ÿ‡ต๐Ÿ‡ฌ Papua New Guinea /Economy & Trade

First 20 Mothers receive SME loan statements under NDDA Partnership Program

From Post-Courier · () English

Summarized and contextualized by DistantNews.

At a glance

News Sources not specified New plan
  • Twenty mothers in Papua New Guinea received SME loan statements under a partnership program.
  • The program aims to empower women through access to finance and encourage entrepreneurship.
  • A total of 154 mothers will benefit, injecting K154,000 into the local economy.

Twenty mothers from the Pulabe area in Hoskins, Papua New Guinea, have received their first SME loan credit statements. This marks a significant step in the Nakanai District Development Authority (NDDA) SME Partnership Program, which collaborates with Women's Micro Bank (Mama Bank). The initiative is designed to empower women by providing access to affordable finance, fostering entrepreneurship, and ultimately improving household incomes in rural communities.

The ceremony, held at Hoskins Girls Technical Secondary School, was officiated by Francis Galia Maneke, Minister for Oil Palm and President of the Hoskins Rural LLG. A total of 154 mothers from the Pulabe area have qualified for the program. The first batch of 20 applicants received their statements, with the remaining beneficiaries set to be processed in daily batches of 20, starting Monday, July 13, 2026.

The presentation marks the fruition of the NDDA SME Partnership Program, an initiative aimed at empowering women through access to affordable finance, encouraging entrepreneurship, improving household incomes, and creating sustainable economic opportunities in rural communities.

โ€” Post-CourierDescribing the goals and significance of the SME Partnership Program.

The initial 20 recipients collectively received K20,000 in loans, with each mother approved for K1,000 to support or expand their small business activities. The program's full scope will inject K154,000 into the local economy through loans to all 154 successful applicants. The funds are expected to be credited to beneficiaries within the next seven days. This partnership between the NDDA and Mama Bank reflects a shared commitment to enhancing grassroots economic participation and empowering women across the Hoskins area and Nakanai District.

The partnership between the NDDA and Womenโ€™s Micro Bank (Mama Bank) demonstrates a shared commitment to empowering mothers and strengthening grassroots economic participation across the Hoskins area and Nakanai District.

โ€” Post-CourierHighlighting the collaborative effort behind the program.
DistantNews Editorial

Originally published by Post-Courier. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.