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Impact Stories

Impact Story 1 – Belinda Bakani

Belinda Bakani, hailing from Milne Bay and Central provinces, operates Classic Auto Services Ltd. alongside her partner from their residence in Korobosea, Port Moresby.

In 2021, after working at PNG Ports Corporation for 10 years, Belinda developed a keen interest in the automotive industry, although it wasn’t part of her initial plan. Initially resigning to pursue a career change, she decided to work with her partner while awaiting responses to job applications. Belinda took on a management role in the business her partner had established two years earlier.

Her responsibilities within the business primarily revolve around administration, finance, customer service, and marketing, while her partner handles the technical aspects with the assistance of other employees.

Belinda first learned about the online trainings offered by CEFI through her sister-in-law, Susan Bakani, who had also benefited from them. Upon discovering that Belinda had left her job to run the business with her partner, Susan advised her to get in touch with CEFI. Susan informed Belinda about the various training programs provided by CEFI to support women in the SME sector, enabling them to enhance and expand their businesses. Recognizing her relative newness to the business sector, Belinda found the motivation to register for and attend CEFI’s online training sessions in 2021.

Before participating in CEFI’s online trainings, Belinda had previously received training focused solely on Customer Care Services during her educational pursuits.

In July 2021, Belinda was among the 45 women in SMEs who attended the LedgerPal Training. The online training comprised three modules: Digital Financial Literacy, Business Planning & Debt Management, and E-Commerce. After completing the training, Belinda observed significant improvements in various areas:

  • Saving and reducing expenses by making informed spending decisions.
  • Enhancing budgeting skills through improved calculations and financial management.
  • Better business and financial management, expanding her knowledge in this domain.
  • Advancing marketing skills.
  • Learning from shared experiences with other WSMEs, exchanging challenges and ideas and establishing a network with like-minded individuals.

Belinda expresses gratitude for the opportunity to learn more about e-commerce. The training greatly aided her marketing and branding efforts for Classic Auto Services Ltd. She particularly utilized the Canva App, which was introduced during the training, to create a flyer to advertise for auto mechanics. This led to the successful recruitment of two young employees. At the end of 2021, Belinda utilized the same application to create a flyer offering a 10% discount on services, resulting in over 20 clients bringing their vehicles to her for servicing. The e-commerce training played a crucial role in her marketing activities as a beginner.

Belinda encourages young WSMEs, as well as existing ones, to attend the training programs offered by CEFI.

Building on her existing Certificate in General Business Administration, she took on secretarial duties for the business. Over time, she recognized the significant role she played in supporting Classic Auto Services Ltd and decided to focus her efforts accordingly. The online training programs conducted by CEFI provided valuable opportunities for Belinda to acquire skills that she could directly apply in the business.

At present, the business is thriving, thanks to Belinda’s enhanced marketing skills, which have expanded Classic Auto Services Ltd’s marketing reach. She now sends out at least 20 quotations and invoices to clients on a weekly basis. The e-commerce training has played a pivotal role in elevating their business’s visibility and public presence.

Categories
Blog

CEFI conducts second WSME workshop

The second series of training for the Online Training for Women (WSME) commenced this week (Tuesday May 02nd to Thursday May 04th), for Ni-Vanuatu WSME from Vanuatu.
Vanwods Microfinance Institution is the implementing agency in Port Vila, Capital of Vanuatu.
The Vanuatu WSME trainee participants virtually attended training through zoom from the Reserve Bank of Vanuatu’s Conference Room.
The WSME’s received training in Digital Financial Literacy, e-Commrece, Business Planning and Debt Management.
PNG and Solomon Islands training is scheduled respectively for May 23 to May 25, 2023.
The training is an initiative funded by the Asian Development Bank (ADB) and facilitated by the #cefi Centre for Excellence in Financial Inclusion.
Categories
Blog

CEFI Facilitates for training in Papua New Guinea, Solomon Islands, Fiji and Vanuatu.

The #cefi Center for Excellence in Financial Inclusion (CEFI) is facilitating online training for women running small businesses in Papua New Guinea, Solomon Islands, Fiji and Vanuatu.
Known as the Online Training for Women SMEs (WSME), the training is an initiative funded by the #adb Asian Development (ADB).
The three (3) training courses include Digital Financial Literacy, e-Commerce, and Business Planning and Debt Management.
The first series of training started last week (Tuesday April 18 to Thursday April 20) for WSME from Fiji.
The training was facilitated at the CEFI Office, and women participants virtually attended through zoom from Lautoka and Suva.
The objective of the training is to build the capacity of women entrepreneurs to acquire new knowledge through learning about;
– Digital financial products and services and how to utilize them;
– conducting business through the use of e-Commerce platforms;
– preparing proper business plans; and
– managing debt to maintain the operations of the business under unfavorable circumstances.
Vanuatu WSME’s training is scheduled for May 02 to May 04, 2023, PNG and Solomon Islands schduield respectively for May 23 to May 25, 2023.
Categories
Media Releases

CEFI celebrates IWD by encouraging women SMEs to recognise the importance of the digital technology in the financial space

The Center for Excellence in Financial Inclusion (CEFI) celebrated International Women’s Day (IWD) with the theme ‘DigitAll: Innovation and Technology for Gender Equality.’

Fourteen Women in Small and Medium Enterprise (WSMEs) businesses under the Ledger Pal App Pilot Project were invited by CEFI to attend the IWD celebration-activities and had the privilege of listening to two national digital online entrepreneurs sharing their experiences of conducting business in the digital platform. These women entrepreneurs were, Ms. Ginia Sialis, Director and Business Owner of Tapioca Delight and Ms. Deslisha Wasem, Owner of Shebon Kiddy Box. Two other senior women, Ms. Naime Kilamanu, Chief Information Officer (ICT) – Bank of PNG and Ms. Fulaiyo James, Project Manager – MiBank, also spoke to the women on their experience of working in leadership roles in their respective financial institutions.

CEFI Executive Director, Mr. Garima Tongia when speaking at the IWD event on Wednesday March 8, told the women that CEFI recognises the importance of innovations and technology in the financial inclusion space.

“At CEFI we realise that bringing women out from the subsistence informal sector into the formal monetised economy will empower them to contribute meaningfully to their families and communities thereby wining the respect from those in the community including the men folk and hence being recognised as equals,” Mr. Tongia said.

“CEFI wants to ensure an additional one million women are banked during the period 2023 – 2027. As at September 2022, we have 1.4 million accounts for women from the total 3.8 million representing 37%,” said Mr. Tongia when highlighting the importance of women’s inclusion in the monetised economy.

Bank of Papua New Guinea Acting Assistant Governor, Mr. George Awap encouraged the women that to empower women economically would mean providing opportunities for women to venture into sustainable income generating activities so they are recognised as important contributors to family welfare. Mr. Awap said the sad reality in PNG is that many basic services including banking cannot reach many women and also men due to the harsh geographical terrains, high security risks and rundown public infrastructures.

“Technological innovations remain the answer to basic service delivery including banking in a country like PNG,” Mr. Awap said.

CEFI Financial Inclusion Adviser, Mr. Saliya Ranasinghe when speaking on the topic of Potential for Women Business, Vision for the Future, said technology has created new opportunities for women and great opportunities for business.

“Digital literacy has become an important aspect and that the businesswomen need to build a long-term vision for its business and build a strong partnership with the banking sector.”

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