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Fisheries Loan

MiBank • Banking Products

Fisheries Loan

Grow your fishing activities with financing for equipment such as banana boats, outboard motors, freezers and fishing nets.

Supporting Papua New Guinea’s Fishing Communities

MiBank’s Fisheries Credit Scheme provides a financing option for people seeking to purchase fishing equipment and support fishing-related activities. Whether you are looking at a banana boat and motor or essential gear such as freezers and nets, talk to MiBank about your needs.

Boats & Motors

Discuss financing for banana boats and motors used in fishing activities.

Freezers & Storage

Explore finance for freezers and equipment to help handle and store fish.

Fishing Nets & Gear

Enquire about financing for nets and other equipment needed for fishing operations.

Published Loan Features

The following figures are stated on MiBank’s existing Fisheries Credit Scheme webpage.

From K1,000Minimum loan amount
3–36 monthsPublished loan term range
1.50% per monthPublished fixed monthly interest rate
30% equityMay be provided in cash, sweat equity or in kind
Additional requirement: Loans greater than K50,000 require confirmation from the National Fisheries Authority that the activity complies with regulatory guidelines, according to MiBank’s published product page.

Before applying: Ask MiBank to confirm current rates, fees, eligibility, documentation, security and repayment arrangements. The published terms may have changed.

How to Enquire About a Fisheries Loan

Contact MiBank to confirm the current application process and documents required for your fishing activity.

Discuss Your Plans

Explain your fishing activity and the equipment you want to finance.

Confirm Requirements

Ask MiBank which documents, equity contribution and regulatory confirmations apply.

Submit for Assessment

Provide the requested information for MiBank to assess under its lending criteria.

Ready to Grow Your Fishing Business?

Speak with MiBank about its Fisheries Credit Scheme and the latest lending requirements. All applications are subject to assessment and approval.

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