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Author: Leslie Omaro

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Media Releases

Inaugural Green Finance Summit 2025: Accelerating Climate Finance in Papua New Guinea (PNG) and the Pacific

Port Moresby, Papua New Guinea March 24, 2025- The Green Finance Centre (GFC), under the auspicious of the Central Bank of Papua New Guinea is hosting its Inaugural Green Finance Summit to unlock green finance opportunities, foster green investment, and support inclusive growth across key national priorities such as agriculture, sustainable land use and marine resources, renewable energy, women-led enterprises, and small and medium-sized businesses. The summit brings together senior government officials from Treasury, Energy, Agriculture, Labor, Forestry, and Environment Ministries in PNG, along with leaders from the financial sector, development partners, and private sector stakeholders in the country, the Pacific region, and international donor partners.

Image Caption:(L-R): Mr. Ivan Pomaleu, Chief Secretary to the Government, Ms Elizabeth Genia, Governor, Bank of PNG, Ms. Virginie Bleitrach, AFD Regional Director Pacific Ocean and Mr. George Awap, Assistant Governor – Financial System Development and Innovation- Bank of PNG at the opening session of the Green Finance Summit 2025.

Read more of this article on the Green Finance Centre Website – https://www.gfcpng.com/inaugural-green-finance-summit-2025-accelerating-climate-finance-in-png-and-the-pacific/

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Media Releases

CEFI Empowers Future Trainers in Financial Literacy on International Women’s Day

The Centre for Excellence in Financial Inclusion (CEFI) celebrated International Women’s Day with a special milestone, the graduation of 25 participants from its Financial Literacy (FL) Training of Trainers (ToT) program. This celebration aligned with the 2025 International Women’s Day theme, “Accelerating Action,” emphasizing the need to equip more individuals, especially women with the financial literacy skills to train others.

The five (5) days FL ToT program, conducted from March 3 to March 7, was designed to train individuals not only to improve their own personal financial management skills but also to become financial literacy trainers within their respective communities and organizations.

Among the graduates, 10 were women, reinforcing CEFI’s commitment to bridging the financial literacy gap for women and marginalized groups. The participants represented various organizations, including Commerce and Industry (East Sepik), Niugini Health Link (Western Highlands), Tuhava Town Management Limited (Central Province), Rhodes PNG Limited, Ipili National Limited, Taragai Enterprise Limited, PNG Eco Solutions, and Women’s Microbank Limited, while six participants were self-sponsored.

Held at the CEFI Training Room, the graduation ceremony was a moment of celebration, marked by a cake-cutting and a photo session with CEFI staff and participants. In his keynote address, CEFI’s Acting Executive Director, Mr. Peter Samuel, highlighted the significance of empowering women as financial literacy trainers.

“Instead of having separate events, we chose to combine this graduation with International Women’s Day because empowering women in financial literacy is a key step in accelerating economic empowerment,” said Mr. Samuel. “Women play a crucial role in building strong families and communities, yet their contributions are often overlooked. Today, we celebrate their achievements and their potential as change-makers in the space of financial literacy and financial inclusion.”

He challenged the newly trained participants to apply their knowledge by training others in their communities. “Now that you have completed this training, the real work begins. How will you take what you’ve learned and implement it? How will you teach others about budgeting, saving, and responsible financial decision-making? This program is about more than just learning, it is about becoming trainers and advocates for financial inclusion.”

Representing the graduates, Sharon Woruba emphasized how fitting it was that the training concluded on International Women’s Day. “CEFI has done tremendous work in promoting financial inclusion, particularly for women. The theme, ‘Accelerating Action,’ perfectly aligns with CEFI’s mission, providing financial literacy that enables women and girls to take charge of their economic future,” she said.

Other graduates shared their personal transformation through the training as well:

  • Rita Kari, from Manda village in Western Highlands Province, admitted that before the training, she lacked awareness of her financial habits. “This program made me realize the importance of financial discipline, setting savings goals, and making informed spending decisions. I now understand how to train others to do the same,” she shared.
  • Ezekiel Lakain, a security officer from Enga Province, was inspired to share his new knowledge with his family. “I have learned so much about budgeting and saving, and I am eager to train my family and community on how to make better financial decisions,” he said.
  • Solomon Peni, a Youth Empowerment Project Officer from Western Highlands, recognized how his own financial behaviour had changed. “This training opened my eyes to the importance of financial planning. I am now more mindful of my spending and ready to teach others how to manage their money wisely,” he stated.

The FL ToT program’s core objective is to ‘’Building a Nationwide Network of Financial Literacy Trainers ‘’ by developing a network of skilled trainers who can deliver financial literacy training in their respective organizations and communities. By focusing on savings, budgeting, and responsible personal financial management skills, the program ensures that participants do not just gain knowledge for personal use, but become advocates for financial inclusion, particularly for women, youth, and rural populations.

Through this initiative, CEFI is accelerating action toward financial empowerment for all, ensuring that more Papua New Guineans, especially women and girls, gain the financial skills needed to build resilient, sustainable livelihoods.

 

 

 

Ends.

 

For further information on the work of CEFI please contact CEFI Communications Team: +675 3225300, email: lomaro@thecefi.org  or visit www.thecefi.org

 

 

Image Captions:

Image 1.   CEFI’s Acting Executive Director Mr. Peter Samuel speaking to the participants during the mini graduation.

Image 2. CEFI’s Acting Executive Director Mr. Peter Samuel presenting female participant Lina Wingawi, her certificate at the graduation ceremony.

Image 3. CEFI’s Acting Executive Director Mr. Peter Samuel is joined by female participants in cutting the IWD cake.

Image 4: CEFI’s Finance and Admin Manager, Mr. Andon Sevua (left) presenting twenty-four old Ezekiel Lakain his certificate at the graduation ceremony

Image 5: NFIS Coordination and Stakeholder Engagement Manager Mr.Danny Koka presenting Sharon Woruba her certificate at the graduation ceremony

Image 6:  CEFI Staff and management with FL ToT participants pose for a group photo following the presentation of certificates

Image 7: CEFI and BPNG staff were involved in mini IWD activities. Pictured here staff enjoying morning tea as part of the IWD celebration activities.

 

Categories
News Article

CEFI and YPOMCCI Collaborate to Empower Young People with Financial Literacy Training

Port Moresby, Papua New Guinea – The Centre for Excellence in Financial Inclusion (CEFI), in collaboration with the Young Port Moresby Chamber of Commerce and Industry (YPOMCCI), successfully facilitated a two-day Financial Literacy Training for young people on February 27-28 at Lamana Hotel, Port Moresby.

The training saw the participation of 21 individuals, including four females, from various working backgrounds. Participants included a mixture of backgrounds from universities, business colleagues, SME businesses and corporate organizations.

Shannie Huambi, a 21-year-old Compliance Officer employed by Kutmor, shared her experience, stating that her financial behavior pattern prior to attending the training needed improvement. “From what I have learned during the training, I’d have to practice managing my finance by saving and budgeting,” said Shannie in an interview with CEFI. Commenting on the benefits of the training, she added, “I now have a better understanding and knowledge regarding budgeting my income.”

Shannie also acknowledged the technical aspects of the training, confidently stating that she is now in a better position to educate her friends, family, and colleagues on what she learned. “I believe that by setting a good example for my family and friends by practicing what I learned on ,savings and budgeting will be beneficial for everyone,” she said.

YPOMCCI President Mr. Charlie Hulijeli expressed gratitude to CEFI for facilitating the training and commended the participants for their attendance and engagement. “I’m sure the training you all went through will benefit your individual lives, whether personally or professionally. And I like that your expectations were met, which is something rare in many trainings,” Mr. Hulijeli told the participants at the mini graduation ceremony.

“This is the first time we’ve organized a training session for YPOMCCI members, and your turnout over the last two days encourages us to host more trainings like this for our members. Thank you all. I believe we will host more trainings like this with CEFI or other financial institutions throughout the year,” he added.

The YPOMCCI has identified the positive impact of the Financial Literacy Program facilitated by CEFI. Recognizing the importance of financial literacy, particularly for young professionals and entrepreneurs, YPOMCCI aims to support initiatives that enhance financial management skills and business acumen.

As a non-profit sub-committee committed to providing a platform for young professionals and entrepreneurs, YPOMCCI acknowledges the need for financial education. The proposed training was designed to equip participants with the necessary tools to effectively budget their finances and develop their business start-ups with confidence.

 

For further information on the work of CEFI please contact CEFI Communications Team: +675 3225300, email: lomaro@thecefi.org  or visit www.thecefi.org

Ends.

Image Captions:

Image 1.   Training participants pose for a group with CEFI Training Officer Mr. Paul Tamatai (5th from left-backrow) and guests at the end of the mini certificate presentation.

Image 2. Shannie Huambi, proudly showing her certificate after she successfully completed the two day Financial Literacy Training.

Image 3. Group activities were part of the training prerequisites. Seen here is a presentation done by a group.

Image 4: Group discussions were part of the training prerequisites. Seen here participants in volved in group discussions.

Image 5: CEFI Training Officer Paul Tamate during a session.

Image 6: YPOMCCI President Charlie Hulijeli, presenting a female participant her certificate during the mini graduation ceremony.

Image 7: YPOMCCI President Charlie Hulijeli, presenting a male participant her certificate during the mini graduation ceremony.

 

 

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Media Releases

Empowering and Strengthening Financial Literacy for Smallholder Farmers in East and West New Britain Provinces

The Centre for Excellence in Financial Inclusion (CEFI) and the United Nations Development Program (UNDP), through its Conservation and Environment Protection Program, have partnered to enhance financial literacy for Smallholder farmers in the New Britain Islands.

A ten-day Training Needs Analysis (TNA) exercise was successfully conducted respectively in East New Britain province from February 3-7 and West New Britain province from February 10-14.

The TNA marks the beginning of a comprehensive six-month of 8 key project activities. This initiative aims to enhance financial literacy and financial inclusion by supporting sustainable integrated land use practices across New Britain Island. Under this program, CEFI is responsible for delivering tailored financial literacy training, facilitating bank account openings for smallholder farmers, and establishing Agent Banking Networks in two provinces. The goal is to empower smallholder cocoa farmers in East New Britain Province and smallholder oil palm farmers in West New Britain Province with essential personal financial management skills. This effort aims to bolster economic resilience within family households and ensure the sustainability of their agricultural enterprises within their respective communities.

The initial five-day TNA was conducted in Kokopo, targeting farmers from Inland Baining in the Gazelle District and Central Pomio in the Pomio District. A total of 24 participants, evenly split between the two districts, took part in the assessment. The objective was to identify their learning needs and determine the necessity skills for customized training on savings, budgeting, and agricultural financial management.

Key findings from the assessment revealed low financial literacy levels and limited access to formal financial services in these rural areas. Participants expressed the urgent need for practical training in essential financial practices such as income tracking, household budgeting, and savings planning. To bridge these gaps, CEFI will design targeted training programs that directly address the specific needs identified during the TNA exercise.

Many of the participants, emphasized the importance of financial literacy in empowering communities: “Equipping farmers with essential financial knowledge is crucial for fostering sustainable agricultural practices and enhancing their ability to manage and grow their incomes. This partnership with CEFI and financial institutions ensures that rural communities are not left behind in the journey toward financial inclusion.”

The second five-day TNA was conducted in Bialla Rural LLG, Silanga community wards (1 to 13) in Nakanai District in West New Britain province, engaging 36 participants aged between 20 to 60 years old. This initiative is a key component of UNDP’s six-month program focused on establishing sustainable integrated land use planning systems across New Britain Island.

The assessment revealed critical gaps in financial literacy, with participants demonstrating limited knowledge of essential financial skills such as saving, budgeting, and managing agricultural income. This lack of knowledge, combined with restricted access to formal financial services, underscores the need for targeted financial literacy programs to empower local farmers.

“Financial literacy is vital for the sustainability of agricultural livelihoods. Through this initiative, we aim to equip farmers with practical financial skills that will not only enhance their ability to manage their income but also strengthen their economic resilience,” said a representative from CEFI.

During the TNA, visits were made to various financial institutions to explore and strengthen partnerships aimed at facilitating bank account openings and establishing Agent Banking Networks in the communities where financial literacy training will be delivered. These collaborations are designed to enhance farmers’ access to formal financial services and promote long-term financial sustainability.

This initiative seeks to build strategic partnerships with financial institutions to improve financial service accessibility for farmers. By enabling them to securely manage their agricultural income, cultivate a savings culture, and effectively handle farm expenses, these partnerships create opportunities for future financial growth within their communities.

The upcoming financial literacy training, shaped by the TNA findings, will equip farmers with the knowledge and tools to make informed financial decisions. Training modules will cover essential topics such as savings plans, household budgeting, and income diversification strategies, tailored to the specific needs of each community.

By strengthening farmers’ financial literacy, the program contributes to long-term environmental conservation and enhances community resilience.

Ends.

For further information on the work of CEFI please contact CEFI Communications Team: +675 3225300, email: lomaro@thecefi.org  or visit www.thecefi.org

Image Captions:

Image 1.   CEFI’s Financial Inclusion and Capacity Development Team conducting TNA for smallholder farmers in East New Britain province.

Image 2. CEFI’s Financial Inclusion and Capacity Development Manager Ms. Jill Pijui, conducting a TNA exercise with smallholder farmers in East New Britain province.

Image 3. Senior Trainer Mr. Sebastian Mungup talking with two smallholder farmers from East New Britain province during the TNA exercise in Kokopo.

Image 4: CEFI’s Financial Inclusion and Capacity Development Manager Ms. Jill Pijui and Senior Trainer Sebastian Mungup speaking with East New Britain Savings and Loans CEO  Ms. Lavinia Taraika and MSU Manager , Lopa Alua.

Image 5: CEFI’s Financial Inclusion and Capacity Development Team pose for a group photo with staff from Kada Poroman Microfinance Ltd.

Image 6: CEFI’s Financial Inclusion and Capacity Development Admin Officer Ms. Adelle Auhava assisting a smallholder farmer during the TNA exercise in West New Britain province.

Image 7: Smallholder farmers during the TNA exercise in West New Britain province.

Image 8: CEFI’s Financial Inclusion and Capacity Development Team  and ENBSL Team pose for a group photo. (L-R) Standing: Jack Tewe (CFO), Eluda Malmal (Lending Manager), Paul Tamate (CEFI Trainer), Sebastian Mugup (CEFI Senior Trainer), Lopa Alua (MSU Manager), Peter Wartovo (BDO).
Seated (L-R) Jessica Kuambu (SM Manager), Jill Piljui (CEFI – Senior Trainer), Lavinia Taraika (CEO), Adelle Auhava (Admin Officer).

Image 9: Senior Trainer Mr. Sebastian Mungup taking with two smallholder farmers from West New Britain province.

Image 10: CEFI’s Financial Inclusion and Capacity Development team pose for a group photo with smallholder farmers in West New Britain province.

Image 11: CEFI’s Financial Inclusion and Capacity Development team pose for a group photo with East New Britain Savings and Loan Society team.

Image 12: CEFI’s Financial Inclusion and Capacity Development team (L-R), Daisy Moses, Sebastian Mungup, Paul Tamate and Adelle Auhava pose for a group photo MiBank-Kimbe Branch Manager Jeanellia Siroro (3rd from left-middle).

 

 

 

Categories
News Article

CEFI Supports Office of the Public Solicitor’s Leaders and Managers Retreat 2025

The Centre for Excellence in Financial Inclusion (CEFI) was honoured to contribute to the Leaders and Managers Retreat 2025 organized by the Office of the Public Solicitor, the retreat from 20th to 24th  January in Lae, Morobe Province.

This initiative aimed to strengthen managerial skills, enhance financial literacy, and build leadership skills among senior management and senior legal officer from various provinces including Morobe, Port Moresby (NCD), Goroka (Eastern Highlands Province), Wewak ( East Sepik Province), Vanimo ( West Sepik Province) , Kokopo ( East New Britain Province), Kimbe ( West New Britain Province)  Mt. Hagen (Western Highlands), and the Autonomous Region of Bougainville.

CEFI played a key role in delivering a comprehensive financial literacy training, covering essential topics such as Savings, Budgeting, Insurance, and Investment. During the closing ceremony, CEFI’s Acting Executive Director, Mr. Peter Samuel, together with Public Solicitor Mr. Leslie Mamu, awarded Certificates of Participation to 44 participants, including eleven women. The training equipped attendees with practical knowledge on managing household finances, making informed financial decisions, and securing their financial future.

In his speech, Mr. Samuel commended the Office of the Public Solicitor under the leadership of Public Solicitor, Mr. Leslie Mamu for spearheading a transformative leadership and management program that seamlessly integrates financial literacy into management and leadership capacity building. He emphasized the crucial role of financial literacy in achieving both personal and organizational goals and reaffirmed CEFI’s dedication to fostering capacity development across Papua New Guinea and beyond and for CEFI to continue to support more of these initiatives.

The retreat also featured distinguished presenters and guest including Dr. Seth Fose on Personal Health and Wellness, Mr. John Cholai on Leadership Effectiveness, Mr. Seremia Waqainabete, Director Fiji Legal Aid Commission on Organizational Structures, and   Mr. George Gray, Solomon Island Public Solicitor on Wantok Legal Network programs.  These sessions further enriched the participants’ understanding of health, leadership, and institutional development.

This collaborative effort highlights the Public Solicitor’s Office’s dedication to professional excellence and capacity building within its staff.  Through strategic partnerships like this, CEFI reinforced the importance of deepening financial inclusion through financial literacy, empowering individuals to achieve both personal and professional success.

Images:

 

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Media Releases

CEFI & Saver.Global Unite to Drive Financial Literacy across Papua New Guinea

The Centre for Excellence in Financial Inclusion (CEFI) and Saver.Global are proud to announce their collaboration to enhance financial literacy and inclusion in Papua New Guinea (PNG) through innovative digital tools and localized training initiatives.

CEFI, PNG’s premier organization for financial literacy support and services, is dedicated to empowering individuals and communities with essential financial knowledge. Its initiatives span partnerships with government agencies, banks, and microfinance institutions, as well as delivering targeted in-person training and workshops.

Saver.Global is a leader in digital financial education, known for its SaverLearning platform—a comprehensive app that provides engaging, multilingual courses on budgeting, banking, remittances, and cybersecurity. Heading into 2025, Saver.Global is expanding its platform to include more contextualised courses, tailored to the unique financial and digital literacy needs of diverse communities.

A Collaborative Vision

This partnership combines CEFI’s deep-rooted expertise in financial literacy delivery with Saver.Global’s cutting-edge digital solutions. Together, they aim to deliver impactful financial literacy training to individuals and businesses across PNG.

Key aspects of the collaboration include:

  • Creation of Financial Literacy Courses
  • Localised Training: CEFI will integrate these digital resources into its workshops and in-person training programs, ensuring the content resonates with PNG’s diverse population.
  • Capacity Building: The organizations are implementing Training of Trainers (TOT) programs to equip educators and facilitators with the skills needed to deliver impactful financial literacy sessions.
  • Youth and Schools: A joint initiative with the PNG Department of Education will incorporate SaverLearning courses into school curricula, preparing students for the digital financial landscape.

 

New Courses to Tackle Emerging Challenges

Saver.Global’s upcoming courses, set to launch in 2025, will address critical topics in the modern financial ecosystem:

  • “Financial Cybersecurity”: This course guides users through safe navigation of the digital financial world, covering mobile money ecosystems, secure service usage, and safeguarding personal information.
  • “Safe Surfing”: Focused on scam prevention and online safety, this course helps users understand the risks of sharing personal data and how to protect themselves online.

 

Expanding Impact Through Partnerships

CEFI will leverage its established network to promote SaverLearning across PNG, collaborating with banks, microfinance institutions, and corporate partners. Together, CEFI and Saver.Global aim to make financial literacy tools available to a wide range of stakeholders, from individuals and small businesses to government agencies.

Quote from Saver.Global Founder, Mr. Jon Capal:

“This collaboration represents a significant step forward in bridging the gap between financial knowledge and accessibility. By combining CEFI’s on-the-ground expertise with our digital innovations, we’re not just teaching financial literacy—we’re building a culture of empowerment that equips individuals to thrive in today’s digital economy.”

 

Quote from CEFI Executive Director, Mr. Saliya Ranasinghe:

Partnership between CEFI & Save Global denotes a new chapter in financial literacy in PNG that combine knowledge, expertise and technological innovations  to reach wider audience efficiency and effectively.  Will promote  the participants  to be  part of the digital revolution in country and empower them with the new skill set.

 

With this partnership, CEFI and Saver.Global are setting a new standard for financial education, ensuring that communities in PNG have the knowledge and tools they need to succeed in a rapidly evolving financial landscape.

 

Ends

 

 

For further information on the work of CEFI please contact CEFI Communications Team: +675 3225300, email: lomaro@thecefi.org  or visit www.thecefi.org

 

Captions:

Image 1: Saver.Global Founder Mr. Jon Capal.

Image 2: CEFI Executive Director Mr. Saliya Ranasinghe

Categories
Partners Corner

Mi Banks’ – MiPortal enhancing accessibility and convenience

MiBank recently won the Financial Inclusion Innovation award at the Financial Inclusion Excellence Awards hosted by CEFI on November 22.

MiBank along with Women’s Micro Bank were announced joint winner’s in this category for their respective efforts in introducing new products to improve digital banking service especially in the micro banking sector.

For MiBank their winning entry submission was the ‘MiPortal: Bridging the Gap in Financial Transactions’.

According to their mission statement MiBank is committed to empowering their customers with seamless, secure, and innovative banking solutions. Through MiPortal, they strive to enhance financial accessibility and convenience by providing a comprehensive platform for efficient transactions, fostering financial literacy, and supporting the growth of our community. Their mission is to deliver exceptional service with integrity and transparency, ensuring that every interaction enriches the financial well-being of our customers and drives economic progress.

MiPortal: Bridging the Gap in Financial Transactions

MiPortal is a vital solution that connects businesses and customers through seamless, secure, and efficient transaction processing. By prioritizing user experience and leveraging innovative technology, MiPortal empowers users—from small businesses to individual consumers—to manage their financial interactions with confidence and ease.

More than just a transactional platform, MiPortal serves as a partner in financial success, dedicated to simplifying processes, streamlining operations, and fostering a brighter financial future for all.

MiBank is committed to promoting financial inclusion for underserved communities. Here’s how MiPortal has made a difference:

  1. Micro Pension Support: MiBank empowers micro pensioners by enabling them to create and transfer voluntary savings to Eda Supa at Nasfund superannuation This initiative helps individuals build financial security for their future.
  2. Consumer Bill Payments: Their platform offers bill payment services for PNG Power Limited customers during an amnesty period. This is particularly beneficial for clients in rural and settlement areas, making it easier for them to manage their finances and stay
  3. Child Nutrition Program Support: In partnership with Department FOR Community Development and Religion (DFCDR) PNG, MiBank’s facilitate the distribution of allowances through a child nutrition program. This initiative alleviates financial pressures on families while supporting the health and well-being of their

Through these targeted services, MiBank is committed to breaking down barriers to financial access and ensuring that everyone can participate in the financial system.

Features of MiPortal

  • Customer Registration and Account Management
    • Secure account validation and access controls
  • Data Import and Export Capabilities
    • Easy import/export of customer and transaction data
    • Integration with existing client systems
      • Customized Alerts and Notifications
        • Real-time alerts for transactions, payments, and account activities
        • Tailored notifications based on client preferences
      • Comprehensive Reporting Tools
        • Customizable reports on transactions, payments, and account activities
      • Intuitive Dashboard
        • User-friendly interface with real-time data overview
        • Visual summaries of transactions, payments, and account balances
      • Payment Processing and Tracking
        • Secure processing of various types of transactions
        • Real-time tracking tools for payment status

       

      • Multi-Channel Fund Transfer Capabilities
        • Supports fund transfers, bill payments, airtime, and contributions
        • Enables payments to and from corporate accounts
      • Secure Transaction Management
        • Encryption and fraud detection measures
        • Ensures data and financial asset protection
      • Client-Specific Customization
        • Tailored functionalities for different industries
        • Supports specific workflows (E.g. utility bill payments, superannuation contributions)
      • Advanced User Access Controls
        • Flexible user management for different organizational roles User Access Control Points

      MiPortal can be accessed from any devise – Smart phones/ Tablets / Desktops Competitive Advantages of Our Corporate Banking Portal

      • Specific Solution/ Flexibility and Customization
        • Tailored features for superannuation funds and utility
        • Enables direct customer payments and efficient handling of
        • Adapts to diverse industry
      • All-in-One Platform
        • Combines multiple functionalities (fund transfers, bill payments, data management) in one
      • Compatibility
        • Reduces administrative burden and operational costs, demonstrates increased efficiency
      • First-Mover Advantage
        • The only portal with these specialized features in the
        • Positions us as an innovator and leader in digital banking

       

      Customer Testimonials and Success Stories

      In Partnership with PNG Power Limited (PPL) using MiPortal, has had an impact on customers making payments and registering real time. Customer does not have to wait for PPL to register to make payments. Through MiPortal, PPL customers are given their Customer Consumer Number instantly which is used to purchase or make payments through MiBank Mobile Banking.

      Image Captions

 

Categories
Impact Stories

Award highlight of Lilly’s advocacy work for Financial Inclusion

Financial Inclusion Advocate winner Ms. Lilly Namunu was lost for words when she was announced the winner at the inaugural Excellence Awards hosted by CEFI on November 22, 2024.

“Honestly, I was speechless and shared tears of joy when it was announced. All the love and positivity generated from my pain experience, to advocate for financial Inclusion has been rewarded,” said Lilly when recalling the moment her name was called out as the winner.

Ms. Numunu is the principle owner of Shualink PNG Limited, a company she registered in 2023 which focuses on Entrepreneurship and Financial Literacy Training.

She has diploma in accounting, a National Certificate III in Training and Assessment and a Certificate in Entrepreneurship and New Venture Creation from the University Of Sunshine Coast in Australia.

“I have been in a tailoring business for eight years. I started facilitating sewing trainings for women and youths in the rural communities in 2020.”

“In 2021, when I attended CEFI’s Training of Trainers training, I decide to venture into training as managing money was an important knowledge that needs to be taught. It also added value to the sewing skills training I was conducting,” she said.

The passion and commitment shown by Lilly to advocate for financial inclusion in her community and teach her people how to save and budget their money comes from her own experience of been single mother and the challenged she faced to raise her children in tough financial situations.

“My motivation to get into training was from my experiences and challenges as a single mother. I diverted the hurts and lessons learned to encouraging other women to also work towards being financially independent through the Financial Literacy trainings.”

“If I can be able to manage, the little I have, this will help me to cater for my kids and loved ones,” said the 44 year old from Milne Bay province

“On the night of the Award, I was reminded of people I visited and assisted in the remote areas. To the women who have a similar experience I have, we have the power to change a situation around to a beautiful story to tell.

“This award is a highlight of my Advocacy work, thank you CEFI,” said Lilly proudly.

Below five of Lilly’s significant milestone achieved through her financial inclusion advocacy work since 2023.

 

No.  Year Milestone Achieved Outcome
1 2024 Reached out to women in Garaina and Wau with Financial Literacy Training in June -200 participants attended the training (women, men and youths including participants with no literacy level.

– 69 MiBank personal accounts were opened

Solar lightening purchased from Solar Paygo

 
2 2024 We organized for Coconuts farmers from Kiriwina to open bank accounts -20 farmers were assisted to open MiBank accounts for the first time. There were issued bank cards and taught how to use SMS Banking services.
3 2024 Awareness and promotions made to the communities to purchase quality Solar lightening through MiBank’s loan product -10 solar lighting sets were purchased by the Wards counsellor and presented to 10 churches.
4 2023 Made awareness at the Huhu main market in Alotau for vendors to open bank accounts -20 plus  vendors were assisted to open bank accounts by our MiBank Agents
5 2023 We facilitated Financial Literacy training for MSMEs in Alotau town – (2 trainings).

 

Image Captions:

 

 

 

Categories
Impact Stories

The training pathway that set up Nellie’s business

Woman entrepreneur Nellie Allen is thankful to CEFI’s Training of Trainer’s training for providing her the opportunity to explore and implement new ideas that revived her business.

“My business was shelved for about three years until I heard about CEFI’s ToT training, and I wanted to find out if the training can help with some new ideas on how to revive my consulting business again.

“I was looking for a niche market and sure enough, the additional online trainings facilitated by CEFI really “hit the nail on the head” for me. The trainings on E- Commerce and Business Planning gave me a new insight into how I can operate my business,” revealed Nellie.

 

Nellie learnt about CEFI’s training of trainer training via social media and from talking with her close peers and before long she  attended three of training’s which included, Digital Financial Literacy, E-Commerce and Business Planning and Debt Management.

As the principal owner, she run’s a virtual office from home at Waigani in Port Moresby and uses the skills and knowledge acquired from CEFI’s training to operate her business.

“I registered my consulting business in 2019 but have not been focusing on it because I developed the interest in sewing and also, I got a full-time job.

“At the beginning of 2023, I decided to focus on my consulting business. The online trainings that CEFI facilitated was a boost for me and dream come true. The trainings set me on a new pathway especially on E-commerce and Business Planning.

“Am currently running the business myself and I have two consultants whom I engage as and when I have jobs for them. Due to financial constrain, I do not want a normal office set-up. I operate a virtual office and outsource jobs as and when I need to.”

Twenty 24 years ago Nellie registered two business, one in sewing called Swiftly Dress and one in selling known as Swift Consulting Services and decided that apart from sewing and selling, she should teach women how to sew and make an additional income stream.

“For Swiftly Dress, I sew and sell meri blouses and selling other clothes and accessories which I order online from overseas and locally as well.”

“After attending the CEFI TOT training on Financial Literacy, I decided to develop a training package which    comprised of sewing meri blouse, basic bookkeeping, pricing the product, savings and budgeting.”

“My training package has attracted a lot of interests because it is new in the market. With my professional background as an Accountant, it is very easy for me to deliver this training. I do not operate a physical shop, but I have a business Facebook page that I use to advertise and sell my products.”

“With Swift Consulting Services, I have s igned up with Xero Accounting Software as a Business Advisor/Partner and I have registered with Business Link Pacific (BLP) as a Business Advisor.

I am currently doing the Competency Test to complete the formalities in order to be published on the website. I provide accounting and taxation services, auditing and administration services and also training.”

Image Captions:

Categories
News Article

Second Financial Education Workshop gets underway to create new and engaging Financial Education Teacher’s Resource Books, Student’s Activity Books, and Financial Education Syllabus for Grades 7 to 12.

This week, the second Financial Education Content Alignment and Development Workshop started with 26 passionate content writers coming together to work on a project that will make a real difference in the lives of students across Papua New Guinea. The group included curriculum officers, textbook writers, illustrators, from the Department of Education, dedicated secondary school teachers and CEFI staff.  The objective of the workshop is to create new and engaging Financial Education Teacher’s Resource Books, Student’s Activity Books, and Financial Education Syllabus for Grades 7 to 12.

 

Building on the success of the first workshop held in October, where 21 books for preparatory to Grade 6 were developed, this second phase focuses on creating 13 Teacher’s Resource Books, 13 Student’s Activity Books, and 13 syllabuses for Grades 7 to 12. This marks a significant step forward in equipping young students with essential personal financial management skills that they will need to thrive in the future.

 

On Monday, November 22nd, CEFI’s Deputy Executive Director, Mr. Peter Samuel, warmly welcomed everyone to the two-week workshop, held at Dixie’s Bungalow Resort in Central Province.

 

The first two days were all about gathering knowledge, as CEFI invited key partners from the financial inclusion space to share their expertise on different topics. These presentations covered essential topics like insurance, superannuation, investments, micro-pension, payments, monetary policy, digital financial services, and banking services, all of these topics are the critical areas for the new curriculum development. The goal was to equip the content writers with the best industry knowledge and practices to ensure the 39 materials they create meet the highest standards.

 

Guest speakers brought a wealth of insights:

 

  • Wycliffe Ngwabe, Country Lead, United Nations Capital Development Fund (UNCDF) presented on “Practical and application aspect of insurance, eg. types of insurance, principles of insurance, importance of insurance, etc’’.
  • Nilson Singh, Country Manager, BSP Life PNG Limited, presented on ‘’Insurance in PNG and a case study from BSP Life PNG Products’’.
  • Debbie Oli, Chief Finance Officer, NASFUND, presented on ‘’ Superannuation in PNG and a case study from NASFUND’’.
  • Solomon Awili-PhD (Fin)(Flinders), Public Interest Non-Executive Director, PNGX Board and Senior Lecture, Banking & Finance, SBA, UPNG, presented on’’ The role and significance of stock exchange in PNG’’.
  • Velai Velai, Manager, SWITCH Operation & Support Unit, Payment Systems Department, Bank of Papua New Guinea, presented on ‘’ The role and function of payment system in the banking and finance industry’’.
  • James Sali, Economics Department, Monetary & Economic Policy Group, Bank of Papua New Guinea, presented on ‘’ Monetary policy’’.
  • Gautam Bhardwaj, pinBox Solutions Pte. Limited, presented on Micro-pension and voluntary superannuation contributions’’.
  • Jackson Tasi, MiBank, presented on ‘’ MiBank’s digital financial products and services’’.
  • Finally, Mr. Saliya Ranasinghe, Executive Director, CEFI, presented on ‘’Baking services and the new trend immerging in PNG’’.

 

The main outcome of the Financial Education Content Writer’s workshop is to develop all the resource topics mentioned above as Financial Education contents for Grades 7 to 12, resulting in the production of 18 books over a two-week period.

 

 

Photos from Week 1 of the workshop.

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