Funding Remains a Constraint in the Growth of SME's in PNG

223 views · Published 22 March 2018 · 1:47 · Indexed 20 September 2026

Channel: EMTV Online · 2018 · News & Politics

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The National Development Bank’s Managing Director Moses Liu says, inadequate funding remains a constraint in the growth of SME’s in the country.
 
The National Development bank has approved over 30, 000 loans to Small to Medium Enterprises around the country, within the past 8 years. 
 
The demand for SME loans has been increasing at an average of 20% every year, however inadequate funding has resulted in over K300 million worth of approved SME loans not being funded.

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