The new TISA Bank has teamed up with Huawei and the BNBM Hardware to deliver an innovative loan product that is targeted at encouraging the use of green energy to enable reliable power in Papua New Guinea (PNG).

This new loan product, “TISA Sola Pawa Loan,” was launched last night in Port Moresby city witnessed by the bank’s clients, staff and management of Huawei, BNBM and a delegate from the Central bank- Bank of Papua New Guinea (BPNG).

TISA Bank Chief Executive Officer (CEO) Mr. Sunil Pokharel said this initiative enables finances to access reliable electricity, especially in the rural parts of the country.

“Through this initiative, our customers can now purchase solar power manufacture by Huawei and distributed by BNBM, enabling households, schools and small businesses- even in remote areas- to enjoy sustainable light and power,” said the TISA Bank CEO.

“This is more than a loan. It is a bridge between darkness and opportunity, between aspiration and achievement.”

“For the bank like TISA, it represents innovation, enjoying new markets like the renewable energy and sustainable housing,” he said.

This innovative sola power product is FusionSolar. It’s a Huawei Power- M small hybrid power solution. It integrates grid, solar DG and battery. It is widely used in off- grid and unreliable grid areas and provides reliable and stable backup power for homes and buildings.

The launching of the loan product is the first of such initiatives in PNG where all three parties have come together and decided to do something different. Mr. Pokharel said the initiative started with Huawei to engage with a distributor and a bank to create a financial product that would finance the purchase of its innovative product that is reliable and is powering homes in most parts of the world.