Finance firm keeping K1mil for tuition loans

NORMAN Finance has set aside K1 million to help customers who wish to take out loans for tuition fees at tertiary institutions.
As an incentive, the company will pay 10 per cent of the fee for customers who take out loans this month.
“If your child is paying K4000 then Norman Finance will pay 10 per cent of that fee for free when you get a loan of K3000 to K5000 from Norman Finance,” managing director Gabriel Andandi said.
“This product is available only in January 2018.
“Our main focus is to assist parents to pay school fees.”
Andandi, a former teacher, said every Papua New Guinean should have the opportunity to be educated.
“Education is key to the development of any country and PNG is no exception,” he said.
“Once you have an educated population people know their rights and act in a responsible way and respect each other.
“Respect for each other is lacking in PNG. That is why I want to support the government’s 2050 Vision to have an educated population.
“With the tuition fee-free policy, the Government is targeting elementary, primary and secondary levels. I want to go a step further and target the tertiary level in a small way to assist those who are disadvantaged and cannot afford the fees.”
Norman Finance has recently opened branches in Namatanai, New Ireland, Banz, Jiwaka, Manus, Arawa, Bougainville, Aitape and West Sepik. It plans to set up in Pomio, Finschhafen, Ramu and Bulolo in Morobe, Karkar in Madang, Kainantuin Eastern Highlands and Tabubil in Western.