Norman Finance goes to Suva in its first foray overseas

PAPUA New Guinea-owned finance company Norman Finance Ltd has established a branch in Suva, Fiji.
The 100 per cent PNG-owned finance company now provides to the Fiji growing finance sector a new player to help the development of the country.
Norman Finance Ltd was formally launched in Fiji on Friday with an office at downtown Suva City.
Norman Finance specialises in soft loans, primarily for public servants.
Owner and director Gabriel Andandi said Norman Finance is the only nationwide finance company with 26 branches in all the 22 provinces of PNG and was looking at new locations to extend the company. He said Fiji was chosen as the first overseas location.
“Slowly we would like to extend our client range as much as possible in Fiji as a Melanesian brother and we are very excited about the possibilities here,” he said.
“We believe our interest rates is affordable and low enough to attract clients and we are very flexible with the time-frame involved in the payment of the loan.
“I have covered the entire country and this is the right time to go overseas.”
Investment Promotion Authority’s (IPA) acting managing director Clarence Hoot said: “IPA assists and encourages SME (Small to Medium Enterprises) to grow and expand.”
Sally Napolioui, who has lived in Papua New Guinea for 16 years congratulated Andandi for investing in Fiji and asked more Papua New Guinea companies to invest there.