HEDURU MONI/MONI PLUS: COMMITTED TO SERVICING EXCELLENCE

Heduru Moni Ltd trading as Moni Plus Ltd: Committed to servicing excellence

By Paul Oeka

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 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, and Kokopo, covering most major centers of the country.

Moni Plus is specialized in a wide variety of lending. Their services include Personal Loans, Asset and Equipment Finance, Loans against Properties, Financial Guarantee, and FX Remittance services. Apart from its core strength in Personal loans, Moni Plus’ strength lies in its ability to respond to all types 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 the coronavirus 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 affected by the effects of Covid,” he said.

Moni Plus continues to enjoy a stable relationship with the Bank of PNG and has 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 aims is to look at the possible acquisition of a commercial banking licence 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”.

Moni Plus Ltd.’s Managing Director Mr. Aho Baliki OBE; [top photo] Head Office view of Moni Plus Ltd

NFA group in the Philippines for exchange fisheries experience

Agroup from the National Fisheries Authority is in General Santos, Philippines, led by board chairman Ango Wangatau, to exchange and gain fisheries expertise and experiences in this region.

General Santos is renowned as the Philippines’ “Tuna” city capital, and visiting this region provides delegates with first-hand information and improved ideas for implementing the Fisheries Strategic Plan 2021-2030 and achieving its objectives. It has the Philippines’ most modern fish port and contributes significantly to the country’s earnings.

The remarkable expansion of fisheries in General Santos was driven by collaboration between the government and important stakeholders, which the NFA delegates witnessed and will think about further when they return home.

“Seeing is believing and we needed to come and see the sizeable scale and strength of this Fisheries industry in the Philippines. From here we want to incorporate the existing knowledge and experience of our Philippine counterparts to model and expand our own infrastructure in PNG,” Mr. Wangatau said.

According to him, the goal of the Fisheries Strategic Plan is to change Papua New Guinea into the Pacific’s “Tuna Capital,” thus visits like these are important to gather additional expertise from a country that has already been transformed.

The delegates saw tuna landings, grading, weighing, and processing, as well as the fishing boat docking yard and the world’s largest prawns and fish farm.

These first-hand experiences will help PNG Fisheries prepare for the establishment of a downstream processing facility for all tuna collected in the country, as well as greater employment development for the people.

“We are here and have seen what is done with fisheries in General Santos. If it can be done here, we can also do it in PNG,” he said.