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Physical barriers also remain an issue, with WASH infrastructure in communities not being fully accessible.Gender equality, social inclusion and reliable, sustainable WASH infrastructure are key priorities of Water for Women.Both projects are responsible for establishing microfinance in PNG.The Microfinance Expansion Project is strengthening industry regulation and boosting the capacity of lenders to deliver a wider range of financial services and products in rural areas, with a focus on lending, savings, and remittance products to micro and small enterprises, and especially to women.Outcome 4: The uptake and use of scalable, effective strategies for increasing inclusive, district-wide access to WASH by government and non-government agencies.“We know how important strong local systems are to delivering and sustaining WASH services.The first microbank to be licensed in PNG is the biggest microfinance bank in the country and the South Pacific.Now 10 years old, Nationwide Microbank or Mi Bank grew from a small ADB pilot program.
Anna Goi, a 54-year-old businesswoman in Papua New Guinea (PNG), runs a trade store, which sells food stuff, secondhand clothes and toys, and jewelry.
Anna is illiterate but that hasn’t stopped her from opening and maintaining three bank accounts - one of them with Women’s Micro Bank.
She is also in the process of applying for a loan with the microbank to help expand her tailoring business.
Some people won’t leave their homes, too scared to go to town in case their lifesavings are found,” he says.
Mi Bank launched Mi Cash in 2011, the first bank-led deployment of mobile money in the Pacific. People can use Mi Cash to save money and pay bills. Kobo Davana, a 42-year-old mother of five, finds Mi Cash easy to use.