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SME Loan Product Guide

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Small to medium enterprise (SME’s) play a major role in developing countries. They often employ a large proporation of the population compared to enterprise making it vital for inclusive economic growth

In Papua New Guinea, the government through the 2016 SME policy has committed to create 500 000 SME’s by 2030. With huge potential to create 2 million jobs for Papua New Guineans, it is projected to contribute 50% to the GDP. At present the SME sector is contributing a national output accounting for 200 000 jobs and an estimated 10% of GDP

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Bank of South Pacific Limited

Mi Bank Limited

Peoples Micro Bank Limited

WestPac Bank Limited

Kina Bank Limited

Women's Micro Bank Limited

▬ CEFI SME Loan product guide ▬

CEFI (Centre of Excellence in Financial Inclusion) SME (Small and Medium Enterprises) loan products are designed to provide financing solutions for businesses that need capital for growth, expansion, and operational expenses. Here is a guide to CEFI SME loan products:

  1. Term Loans: Term loans are one of the most popular types of CEFI SME loans. This loan is designed to provide a lump sum of capital to businesses that need it. Term loans can have fixed or variable interest rates, and repayment periods can range from one to ten years.

  2. Line of Credit: A line of credit is another type of CEFI SME loan that allows businesses to borrow funds as needed, up to a predetermined limit. This type of loan is ideal for businesses that have fluctuating cash flow or need to manage short-term expenses.

  3. Equipment Financing: Equipment financing is a CEFI SME loan that is designed to provide financing for the purchase of equipment, machinery, and other capital assets. This type of loan is secured by the equipment being purchased and typically has lower interest rates than unsecured loans.

  4. Invoice Financing: Invoice financing is a type of CEFI SME loan that allows businesses to borrow against their outstanding invoices. The lender advances a percentage of the value of the invoices, and the borrower repays the loan when the invoices are paid by their customers.

  5. Merchant Cash Advances: Merchant cash advances are a type of CEFI SME loan that is designed for businesses that generate revenue through credit card sales. The lender advances funds based on the expected future credit card sales, and the borrower repays the loan through a percentage of their daily credit card sales.

When considering CEFI SME loan products, it’s essential to understand the terms, interest rates, and repayment schedules of each type of loan. It’s also crucial to work with a reputable lender who can provide guidance and support throughout the loan process.