Koki bank fair helps vendors open accounts

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By MICHAEL LAI
VENDORS at Koki Market in Port Moresby explored options of using different banking systems during a mini bank fair yesterday.
United Nations Women project officer Daisy Moses said the bank fair was hosted with the aim of providing opportunities for vendors.
“It is basically to provide opportunities for the vendors to access basic information about banking and available services and products, and to open bank accounts,” Moses said. Many of the vendors were illiterate mothers and girls who have never accessed banking information and services.
Steven Ereman, agent network manager for Micro Bank (MiBank), encouraged the vendors to choose which bank they would want to open their accounts with.
“We are here to provide banking services,” he said.
“You chose one that will help your vending economic activity for saving for yourself, for your children or as asset and get a loan to expand your vending business.”
Most of the vendors, who had never access banking information and used banking services, turned up in numbers to open their bank accounts.
They were assisted by the staff of financial and commercial banks including Bank South Pacific, MiBank and PNG Microfinance Ltd.
Their identification cards and letters from relevant authorities were used to confirm the vendors and new bank accounts were opened for them.

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