21 July 2021

Nasfund is the first superannuation provider to have a permanent presence in in Maprik District, East Sepik Province, with the Fund officially opening its Maprik Service Centre.

(Left-Right): Nasfund Chairman Charles Vee, and Chief Executive Officer Ian Tarutia at the opening of Nasfund Maprik.

This facility was officially opened by Nasfund Chairman Charles Vee.

According to Chairman Vee, this addition to the Nasfund branch network is a welcome addition, as it now allows more people in and around Maprik District to have access to superannuation and savings and loan services. This new addition complements the Fund’s existing branch in Wewak.

“This is also the first major milestone for the Fund, after signing an MoU in December 2020 with the East Sepik Provincial Government, to enable a closer working relationship on providing financial literacy through superannuation, as well as closer cooperation in investment opportunities in this part of the country.

ncsl CEO Vari Lahui (Left), Nasfund Chairman Charles Vee (third from left) and Nasfund CEO (far right) with farmers from Baimuru in Yangoru Saussia. These farmers have signed up to the Fund’s Eda Supa product.

In recent years, Maprik has grown to become the major economic hub for East Sepik Province. This development has been built on the back of agriculture – more particularly the production, and trade of vanilla, cocoa, and copra.

This has seen an exponential increase in the level of money that circulates within this District economy, with much of this going directly to farmers and families.

Ready to serve: Nasfund Maprik Supervisor Richard Manijembi (Left) providing superannuation information to Maprik Town Mayor Paul Dingu.

As the country’s leading superannuation provider, Nasfund has taken the initiative to establish our service centre here to promote a savings culture through superannuation, so that our people can also save some of their earnings for later on in life.

Our voluntary contribution product, Eda Supa, will be at the forefront of our efforts to ensure that our people develop a superannuation savings culture, as it is specifically designed for those in industries such as agriculture, and the SME sector.

We have already seen positive results, with our team already on the ground, providing information to our people on the benefits of saving through superannuation.

With this new Service Centre, the people of Maprik and neighboring Districts can now access our products and services at their doorstep.

This is all part of our efforts to ensure that while our people work today, they are also ready for tomorrow.”

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