Credit Guarantee Corporation Limited’s (CGC) innovative Loan Referral Platform has been honoured with the prestigious Innovation Award, (Government Category) at the Innovation PNG Gala Awards Dinner, held at the APEC Haus in Port Moresby, on 09th November 2023.
This recognition reaffirms CGC’s commitment to revolutionizing the financial landscape in Papua New Guinea.
The Innovation PNG Conference, a highly esteemed event in the region, serves as a platform for showcasing ground breaking ideas and innovations from various sectors.
The judging panel led by a well-known author and futurist Dr. Jane
Thomason awarded CGC the Award under the Government Award category following the announcement of the shortlists.
Innovation Award is a testament to CGC’s dedication to fostering financial inclusion and enhancing access to credit for MSMEs across Papua New Guinea.
CGC’s Loan Referral Platform is a game-changer in the financial sector, facilitating quick and efficient access to credit with a user-friendly interface.
CGC plans to develop an advanced credit assessment algorithms soon which will further simplify the lending process, making it accessible to a wider audience.
“We are immensely proud of this recognition from Innovation PNG and would like to thank the organisers, the judging panel led by Dr. Jane Thomason and the sponsors of this event” said CGC CEO Mr Dominic Sikakau.
“This award is a testament to the dedication and hard work of our team in developing an innovative solution that empowers MSMEs to achieve their financial goals.”
“I would also like to acknowledge GGGI who are our partners in this innovation.”
“The Loan Referral Platform is just one example of CGC’s ongoing commitment to delivering innovative solutions that enhances access to credit for MSMEs in Papua New Guinea.”