What to know about this Lending Partner
Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner.
Status Update - 13 November 2024:
Kiva has moved this lending partner to inactive status which means Women's Micro Bank is no longer fundraising loans on Kiva, though Kiva fully expects the partner to continue to send repayments owed to Kiva lenders as long as the partner has an outstanding balance. If and when this partner requests to fundraise again on Kiva, Kiva will first conduct any additional monitoring and due diligence tasks we believe necessary.
Partner description:
Women’s Micro Bank (WMB) is a microfinance institution in Papua New Guinea with an explicit focus on women. WMB is committed to investing in low-income women and helping them to become self-reliant entrepreneurs and equal participants in the development and prosperity of the country. Through their mission, the organization hopes to improve the lives of women in Papua New Guinea.
A unique lending approach:
Kiva financing will go towards WMB’s efforts to sustainably support the expansion of its loan portfolio. The organization's loan products support a broad set of informal business activities including women engaged in agriculture.