A beneficial change is happening across Wau Waria District in Morobe province as more people begin opening bank accounts, saving money and building small businesses through the support of Women’s Micro Bank.
From mothers selling vegetables at local markets, to farmers and small business owners, many families are now gaining access to banking services for the first time.
At the centre of this initiative is Reichzonia Lari, who serves as the Project Officer for the bank and Cooperative and SME Coordinator for the district.
Lari shared that the responses from communities has been encouraging.
“People are really interested in learning how to save and manage their money,” she said.
“More mothers and small business owners are now coming forward to open accounts and apply for loans.”
The bank provides savings accounts, deposits, withdrawals and several loan programs designed to help people in the informal sector grow their income.
One of the biggest highlights is the District Development Authority (DDA)-supported SME loan project, which is already helping women in the district start or expand small businesses.
“We are currently supporting our first 100 mothers with K1, 000 each as startup capital.”
“This is helping many families create opportunities for themselves.”
Across the district, women are using the support to grow market sales, run small trade stores and support their children’s school needs.
The bank is also running financial literacy training to teach people simple budgeting, saving and record keeping skills.
“Many people are learning these things for the first time and they are excited. They want to improve their lives and become financially independent.”
Despite challenges such as network issues and difficult road access into some rural areas, the bank continues reaching communities through support from councilors, pastors and local leaders.
In places like Garaina, Waria and Tekadu, trusted community representatives are helping connect villagers with banking services.
In addition, she stated that the district is full of hardworking people who simply needed access and guidance.
“There are many smart and hardworking people here. Once they are given support and opportunity, they can do so much.”
The growing interest in savings and small business development is now giving many families fresh hope for the future.
For Wau-Waria, the expansion of banking services is not just about money; it is about empowering communities, supporting mothers and helping local people build a better future for themselves and their children.
