MSMEs and self-employed workers serve a core function in the development of economies. Globally, they represent about 90 percent of all businesses and account for over two-thirds of employment. If adequately supported, they can effectively contribute to the structural transformation of economies and drive inclusive, sustained, and equitable economic growth and jobs.
According to the Asian Development Bank, Papua New Guinea (PNG) has the largest gender gap in financial inclusion in the Pacific region, with women 29% less likely than men to have access to formal financial services. Multiple factors contribute to this inequality, including a low level of financial management and digital skills among women.
The accelerated use of digital technology and digitalization of financial products and services in recent years has removed some hurdles for women trying to access finance. However, women in PNG are disadvantaged even in digital access. According to the UN Capital Development Fund, while half of the overall population owns a mobile phone, only 16% of women own one. The percentage of women who have a smart phone, which is typically required for digital banking, is even less.
The limited digital and financial literacy of entrepreneurs especially women and youth owned businesses hinders their ability to fully appreciate the benefits of mobile technology and their willingness to make investments in mobile phones and digital technology.
Digital and financial literacy trainings can help women entrepreneurs to overcome their hesitation to access digital financial services and manage their business efficiently.
Recently, SR Curio with its sister brands, Liberty Experiences, Xceller8 and Coco Loco Digital with Key Partners stepped in to help bridge this literacy gap though a program of business enablement trainings in PNG to help women entrepreneurs understand and navigate the financial system and use financial services effectively.
FINANCIAL LITERACY AND MSME DAY
As this event takes place at Rangeview Plaza, please ensure you familiarize yourself with transportation routes to and from.
All attendees must bring a valid government-issued photo identification for the mandatory pre-assessment. Examples include a passport, driver’s license, national identity card, superannuation card, student ID with confirmation of enrolment letter, TIN certificate, employment card.
An email will be sent to registrants before hand to request a copy of these documents in order to add you to the guest list. This must be completed no later than August 20 in order to qualify for an appointment.
No Primary or secondary ID? No problem, our support partner, Coolstuf and Liberty Experiences are on site to onboard you.
Join us as we gather a diverse group of financial onboarding specialists, experts, policymakers, entrepreneurs, and thought leaders who are passionate about supporting MSMEs. The event will feature engaging panel discussions, inspiring keynote speeches, interactive workshops, and networking opportunities. Together, we will explore innovative strategies, best practices, and collaborations to empower MSMEs and maximize their impact on sustainable development.
You can also register for mobile banking and internet banking, register new business accounts and superannuation.
Need a new phone or laptop? Enquire from the technological service providers there. Vodafone, Digicel and Telikom are on site.
Don’t miss this unique opportunity to be part of the global conversation on MSMEs and contribute to shaping a more inclusive and prosperous future. Register now to secure your spot and set a goal to generate 250k of revenue in 12 months.
Please note lunch will not be provided as you can bring along a pre-packed lunch or purchase from the cafetaria and smart casual attire is mandatory.
Please note that registration is required for attendance, and spaces are limited. Reserve your spot today to ensure attendance.
We look forward to welcoming you to Financial Literacy and MSME Day 2023 at the Rangeview Mall in Port Moresby
OUR EVENT GOALS
Our mission is to incubate and scale 1000 new businesses to earn a minimum of K250,000 in 12 months from September 6, 2023 to September 6, 2024.
Sign up new businesses
Sign up mobile banking
Sign up internet banking
Open new personal savings accounts
Open new business accounts
Open new superannuation accounts
Open new investment accounts
Open new term deposit accounts
Sign up new clients to the 1000 x 250k business coaching program