Mahogany Finance is continuing its growth across Papua New Guinea with the opening of its newest branch in Goroka, Eastern Highlands Province.
Opening its doors on Monday, 17 August 2026, the Goroka branch marks another important milestone for the PNG-owned financial services company, giving Mahogany Finance a presence in three major centres — Port Moresby, Lae and now Goroka.
Located on the 2nd Floor of DJ Haus, Fox Street, the new branch will provide businesses and individuals in Goroka, the Eastern Highlands and the wider Highlands region with greater access to Mahogany Finance’s range of lending and deposit products.
Growing from Strength to Strength
Mahogany Finance commenced trading on 1 March 2023, making the opening of its third branch in just over three years a significant achievement for the company.
Chief Executive Officer Terry Hall said the expansion reflects the continued growth in demand for Mahogany Finance’s financial products and services.
“Opening our third branch in Goroka is an exciting milestone for Mahogany Finance and demonstrates how far the business has progressed since we commenced trading in March 2023.”
Mr Hall said customers were responding positively to the company’s combination of competitive products, personal service, practical financial solutions and fast decision-making.
The move into Goroka also gives Mahogany Finance an important base from which to support businesses, professionals and individuals throughout one of PNG’s key commercial regions.
“Goroka is an important commercial centre with enormous potential. It provides us with a strong base from which to service businesses and individuals in the Eastern Highlands and the broader Highlands region.”
Local Leadership in Goroka
Leading the new branch is Branch Manager Newman Sauk, an experienced financial services professional with extensive knowledge of lending, customer service and the Papua New Guinea market.
Mr Hall said Newman’s experience and understanding of the local market would be an important part of building strong relationships with customers and the Goroka business community.
The company’s approach centres on ensuring customers can deal directly with people who understand their business, their financial needs and the realities of operating in PNG.
Finance Solutions for Businesses and Individuals
From the new Goroka branch, customers will be able to access Mahogany Finance’s range of financial solutions, including:
- Equipment and Vehicle Finance – helping businesses acquire vehicles, machinery and equipment.
- Asset Finance and Leasing – flexible funding options for business assets and equipment.
- Insurance Premium Finance – helping businesses spread the cost of annual insurance premiums.
- Bridging and Commercial Finance – short- to medium-term funding solutions for established businesses.
- Executive Personal Loans – personal lending solutions for eligible salaried professionals.
- Term Deposits – investment options for customers seeking competitive returns, including Mahogany Finance’s Monthly Income Term Deposit.
A key focus for Mahogany Finance is providing fast and responsive loan assessments and turnaround times, backed by local decision-making and a personalised understanding of each customer’s circumstances.
More Than Just a New Office
For Mahogany Finance, the Goroka expansion is about more than increasing the number of branches.
“Our expansion into Goroka is not simply about opening another office. It is about becoming part of the local business community, supporting investment and enterprise and giving customers greater choice in where they obtain their financial services.”
The opening forms part of Mahogany Finance’s longer-term commitment to growing its presence across Papua New Guinea while continuing to expand both its lending and deposit portfolios.
Visit Mahogany Finance Goroka
Mahogany Finance Goroka Branch
2nd Floor, DJ Haus, 2F Shop 3
Fox Street, Goroka
Eastern Highlands Province
To learn more about Mahogany Finance and its lending and deposit products, visit www.mahogany.com.pg.