MiBank successfully hosted its first ever Esiloans and Lending Roadshow in Alotau, Milne Bay province recently on Friday 18th July, with the aim to foster new business opportunities, improve existing business and strengthen partnership with its stakeholders.
MiBank’s corporate tagline is “Grow with us”, and the theme for the Roadshow was in alignment with their corporate tagline “Grow with us into the future.”
The Road Show was held at Masurina Lodge and was well attended by over ninety (90) invited guests representing over twenty (20) different organizations from Alotau and parts of the Milne Bay province.
Alotau Branch Manager Ms. Keilo Nelson in her opening remarks stated that the event was held to acknowledge all the stakeholders and partners, to provide information about MiBank organisation and their products and also to facilitate interaction with everyone.
Ms. Nelson acknowledged the bank’s prominent Esiloans customer in the province, Milne Bay Estates who is also the largest employer in the province with over 3,000 employees.
“The staff of Milne Bay Estate have access to the Esiloans loan product, their salaries are paid through the MiPei system.”
Ms. Nelson also acknowledged the Member for Alotau, Ricky Morris who also attended the event as a special guest. She also welcomed the Member for Wau Waria to the province, Marsh Narewec who also attended the roadshow.
At the Roadshow, Morris said, “Alotau District Development Authority will continue to work with MiBank. He announced that the district will disburse K500, 000 funding continuing its Credit Guarantee Scheme arrangement, to assist the people of Alotau district obtain loans for their business.
Presentations were done about the bank’s history, shareholders, its operations and evolvement.
Information for the Esiloans product was shared by Ms. Tracey Murray, Business Development Manager for Esiloans while information about SME loans and other lending products was shared by Ms. Beverly Oika, Business Development Manager for Lending.
Mr. Benjamin Yawi, owner of Jala Transport Service in Alotau shared his experience about being a long-time Motor vehicle loan customer for MiBank.
“For small people like me and a few in the community, it is through MiBank that we are able to start our business and also continue to grow our business.”
Mr. Yawi acknowledged the bank, he added, “Today I have three vehicles operating and serving the people of Alotau, Milne Bay province, thank you to MiBank.
In 2023, the Alotau District Development Authority through a Credit Guarantee Scheme Agreement deposited K300, 000 as security with MiBank.
The bank through this partnership provided the credit facility to small businessmen and women who were looking to participate in small-scale commercial and agricultural activities and the Road Show was done also to show the people of Milne Bay the services and products they have that can help everyone from the employment sector down to a person involve in agriculture.
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