SME & Business Loans
Grow your business with financing options designed for micro enterprises and established small businesses across Papua New Guinea.
Finance to help your business move forward
MiBank provides Micro Enterprise Loans for existing small businesses and Business Loans to support the expansion of existing businesses. Its published examples range from street vending and trade stores to bakeries, fishing, transport and agribusiness.
Businesses MiBank supports
MiBank describes lending across a broad range of existing business activities.
Retail & Trade
Street vending, trade stores and other small retail enterprises.
Food & Services
Bakeries and service-oriented businesses seeking room to grow.
Transport & Fishing
Transport operators and fishing-related business activities.
Agribusiness
Chicken farming and cash crops including cocoa, copra, coffee and oil palm.
Business Expansion
Financing for the growth of an existing business, subject to assessment.
Community Enterprise
MiBank reports participating in district credit guarantee schemes that promote access to finance, including for women entrepreneurs.
Preparing your application
The official SME Business Finance application requests borrower and business details, the purpose of the loan, financial information and any security offered.
Applicant details
Borrower information, contact details and MiBank account information where applicable.
Business details
Business name, activity and IPA/TIN information where applicable.
Financial information
Past financial performance, monthly forecasts, existing borrowings and repayment capacity.
Supporting documents listed on the form
- Six months of bank statements
- Quotes or invoices, where relevant
- Contracts and payslips, where relevant
- Valuations or registrations, where relevant
- One-year cash flow plan
- Photos of the business and collateral, where relevant
The application form lists these as attachment checks; the bank determines which documents are required for your circumstances.
How to enquire or apply
Explore the loan
Consider whether you need micro enterprise finance or funding for expansion.
Prepare your information
Download the official form and gather relevant business and financial records.
Speak with MiBank
Contact a MiBank branch to confirm current requirements and submit your application.
Frequently asked questions
Can an existing micro business apply?
MiBank states that its Micro Enterprise Loans are intended for existing small businesses, subject to the bank's assessment.
What is the published business loan amount?
Micro Enterprise Loans are listed from K200 to K15,000. Business Loans for expansion are listed from K15,000 upwards.
Are agribusinesses included?
Yes. MiBank lists chicken farming and cash crops such as cocoa, copra, coffee and oil palm among examples it has financed.
What interest rate applies?
The source product page does not publish a current rate. Ask MiBank for a quotation and the applicable loan terms.
Ready to take the next step?
Download MiBank's official SME Business Finance application or contact the bank for current eligibility, pricing and application requirements.