In the evolving landscape of Papua New Guinea’s MSME and SME sector, the story of ordinary citizens rising to extraordinary heights continues to define the spirit of local entrepreneurship. Among these stories stands a remarkable example of resilience, belief, and transformation — the journey of Jacklyn Takil Yenas from Aitape Town in West Sepik Province.
Goroka, EHP – In the quiet village of Asaroyufa, a remarkable transformation is taking place. Tala Gotaha, a 38-year-old mother of two and founder of Gahuku Gipa Ltd, is leading a mushroom farming revolution that is empowering women and reshaping agriculture in Eastern Highlands Province.
Robert Kwavi's journey is a reminder that dreams, when paired with effort and the right support, can flourish.
Timothy Wai, a young entrepreneur from Teremanda village in Wabag district, Enga Province, is turning his dreams into reality, thanks to a business loan from the National Development Bank (NDB).
"I’m grateful for the assistance from NDB because I see the potential of my business growing even bigger. With their support, I’m already setting my sights on a larger loan to purchase land for a warehouse to keep up with demand," Kaia explained.“
“ This story highlights the inspiring entrepreneurial journey of Theresa Kunol, a woman from Banz, Western Highlands Province. Theresa started with a modest table market, selling betelnut and cigarettes to support her family after getting married right out of school. Despite lacking formal training or trade skills, her determination led her to build a successful business over time..“
“ The idiom “Practise Makes Perfect” is the principle Getruth Merebo has applied when it comes to obtaining funding assistance from NDB to grow her family business and venture out on her own.“
“ Gutpela news bilong MSME.Mipela i senisim MSME loan toksave wantaim wanpela tingting tasol - long halivim bisnis bilong yu i kirap:“
“NDB has been our bank of choice and should my children who are helping to manage some of our businesses want to start their own business ventures, there is no other bank I would recommend, except NDB“
Mr Oreta said choosing to seek funding assistance from NDB was a right business decision as while he has been servicing his loan repayments, the extra’s he is earning from his business has opened new opportunities he is keen on venturing into when he completes repaying his current loan.
Owning and managing a Public Motor Vehicle (PMV) Business has become extremely popular amongst many Papua New Guineans around the country today. Once a male dominated industry, today women have risen to the challenge and are now becoming just as competitive and successful.
Augustine Lokea is the proud owner of not one or two but three Toyota Land Cruisers thanks to the funding assistance of the National Development Bank.
This notice serves to advise all existing National Development Bank (NDB) SME loan customers of an increase in the lending interest rate from 6.5% pa to 7.5% pa.
Tina Mark is the owner of Pearl Clothing, a second-hand clothing business in Alotau, Milne Bay Province. A single mother of two, Tina’s humble beginnings began in 2013 where she was renting a room to keep her stock whilst selling clothes under a makeshift tent.
NDB’s Waigani Branch Manager Charles Evi (left) congratulating Alex Roalakana Junior after making his last repayment completing the K1 million loan obtained to start their locally owned ISP Business, KINECT
Beikis Transport Services is a name that is synonymous with the people of Kiorota Village in Sohe District, Northern Province. It is a family business that has been providing transport services to this part of the province for more than three decades.
The National Development Bank (NDB) confirms that it has funded K10.52 million in new loans to micro, small and medium enterprises (MSMEs) across the country for the quarter ending 31st March, 2023.
The National Development Bank (NDB) would like to inform our valued customers and stakeholders on the status of the National Government’s K80 million MSME credit facility on the 31st December, 2022.
