Heduru Moni Limited is successfully running its 22nd year of operation and is quickly earning the reputation as one of the most exciting financial services firms on the rise in Papua New Guinea. The company was incorporated and commenced trading in 1998 as a financial intermediary under the trading name Kina Plus and started operations by providing small personal loans for employees of both the public and private sector. In February 2006, the Bank of Papua New Guinea granted Heduru Moni Ltd a license as a Financial Institution under the Banks and Financial Institutions Act. Attaining the license allowed the company to raise deposits and expand its lending portfolio. In 2006, the company’s trading name was changed to what it is now known today, "MoniPlus"
This company is a full-fledged financial institution and is “The leading lender in unsecured Personal loans in the country in its category”. The current leadership position is achieved and maintained due to exceptional friendly service quality, Turnaround time, promptness, flexibility, affordability of loans offered with innovative products to suit every Papua New Guinean’s financial need. It is operating from PORT MORESBY (HO) at present with nationwide presence having branches at POM, Mt HAGEN, ALOTAU, LAE & KOKOPO.
"MoniPlus" also provides SME Financing, Asset and Equipment Finance, Loan Against Properties, Financier Guarantee, FX Remittance services (known as Moni Plus FX) and offers highly competitive rates for Term Deposits. In 2012 the company created a state-of-the-art on-line, Foreign Exchange delivery service and had its license approved as a Foreign Exchange dealer in May 2012.
With respect to its lending division, the company reported in its 2020 key disclosure statement total loans and advances of K 284 million. The year 2021 continues to see steady growth & promising particularly in terms of Education Loans, Asset and Equipment Finance portfolio and foresees this to continue as more opportunities within the economy in all sectors are unlocked.
"MoniPlus" strength lies in its ability to respond to all type of business sectors, from corporate heavies in transport, logistics and construction right across to SMEs such as vehicle hire and public motor vehicle (PMV) operators nationwide and through its lending portfolio shows optimistic signs ahead for Papua New Guinea. With "MoniPlus" continued branch expansion plans over the coming years, its sights are on regional opportunities for unsecured Personal Loans, Education Loans and Asset Financing with particular interest in growing its mining and petroleum lending portfolio. "MoniPlus” has made its name in the market on its fast, quick and easy service and its speed to funding for all customers.
"MoniPlus" provides the most modern, online foreign currency exchange and money transfers in Papua New Guinea. Services are available to individuals and commercial enterprises alike.
The online service is available 24 hours a day 5 days a week and allows clients to complete currency transactions from home or office, or from our branches if preferred.
Features include:
- Competitive rates and low fees - check a live rate on your online dashboard any time.
- Exceptional service - Fast, easy and secure.
- Seamless intuitive interface is very user friendly
- 24 hour / 5 day per week availability
While subject to usual regulatory Know Your Customer requirements, its registration process can also be handled online, with a user-friendly process meaning you can be transacting within normally 24 hours. For inquiries email info@moniplus.com or visit www.moniplus.com.
