K2 million microfinance facility for Kandep

By MALUM NALU

 

People of remote Kandep, Enga, have been urged to lay down their arms, stop fighting and get into serious business.

National Development Bank managing director Moses Liu, who is from Kandep, made the call at Kandep station last Friday when launching a new microfinance facility for the local people with K2 million provided as seed capital by Kandep MP and Treasurer Don Polye.

“Stop fighting, lay down your arms and get into business,” he told a massive crowd of over 10,000 people who gathered en masse to welcome Polye, senior ministers and MPs.

Part of the massive crowd at Kandep last Friday.-Picture by MALUM NALU

“Don’t ask the MP for money.

“The money is in the bank.

“To support our MP, we’re happy to come down to the grassroots level to create wealth for the people, and financial literacy at district and provincial level.

“NDB is implementing this government policy.

“The MP has put aside K2 million to create this credit scheme for the people of Enga.”

“The same system is going out to all the districts in PNG now.

“Banking services will come down to district level.

“This is a policy of the government.

“A submission will soon go to Cabinet for the microbank concept to go out to all districts.”

Polye said the concept was to bring down microfinance right down to grassroots level.

“I want to establish microfinance in Kandep,” he said.

“K2 million will go to the bank to create our microfinance facility.”