PNGMFL is a 48.65% owned subsidiary of PNGSDP. The Bank South Pacific also holds 32% of the company and, during 2007, International Finance Corporation became a 19.35% owner of PNGMFL when it issued additional shares of 2,400,000 fully paid at an issue price of K1.00 per share.

It was established in 2003 as a vehicle to provide financial services to low-income households and village communities throughout Papua New Guinea. PNGMFL was one of the Company's firstmajor investment initiatives that pioneered PNGSDP's sustainable development business model.