Photo: Head Office view of Moni Plus Ltd
Heduru Moni Limited initially traded as Kina Finance in 1998 prior to being granted a license by the Bank of Papua New Guinea before transitioning into a Financial Institution and rebranding its trading name as Moni Plus. To date, the company has assisted thousands of Papua New Guineans and valued clients to improve their financial position and achieve their dreams through the company's commitment to service excellence.
With over 20 plus years of experience, Moni Plus is fast becoming one of Papua New Guinea's leading financial service provider, servicing all major regions of Papua New Guinea with its headquarters in Port Moresby and branch offices at PORT MORESBY, Mt HAGEN, ALOTAU, LAE & KOKOPO, covering most major centers of the country.
Moni Plus is specialized in a wide variety of lending in which their services include: Personal Loans, Asset and Equipment Finance, Loans against Properties, Financial Guarantee, FX Remittance services. Apart from core strength on Personal loans, Moni Plus’ strength lies in its ability to respond to all type of business houses and sectors, from corporate heavies in transport, logistics and construction to SMEs such as vehicle hire and public motor vehicle (PMV) operators nationwide.
In a recent interview with Moni Plus Managing Director Mr. Aho Baliki OBE an experienced and seasoned banker who is widely known in the Banking and Financial sectors of PNG, he Stated that "In an industry that requires faith and trust, Moni Plus has seen and experienced the success of its clients and endeavors to understand its clients’ particular needs and how best to serve them".
Mr. Baliki said "Most importantly, we are service orientated, meaning our clients are our number one priority"
When asked about the approach of Moni Plus during pre-pandemic scenarios, when Corona virus pandemic was putting most players out of business, Mr. Baliki explained that “Moni Plus had the appropriate strategies in terms of maintaining the core services and growth of the company’s profits".
“To their credit and the strength of the team, not just in terms of our decision-making but also in terms of how we could work together with our clients, contributed to our ability to serve our clients during the peak of the Covid pandemic and in turn, our customer service was quite good and was not really affected by the effects of Covid,” he said.
Moni Plus continues to enjoys a stable relationship with the Bank of PNG and have recently been leaning towards supplementing the SME sector through a partnership with the Bank of PNG's recently launched Credit Guarantee Scheme.
One of the finance company’s ultimate aim is to look at possible acquisition of a Commercial banking industry in the near future.
Mr. Baliki said that “We will continue to grow the business progressively.” He says “Moni Plus is a stable Institution with good potential and is well placed than it was in the past as profit margins have been ascending with each financial year and would very much be able, and keen to transition into a nationally owned bank in the near future”.
