by Eric Haurupma – EM TV, Port Moresby
Papua New Guinea’s owned strategic communications, StratCom is carrying out educational awareness to Papua New Guinea’s on SMEs.
This awareness specifically targets the SME sector, encouraging businesses in PNG to obtain loans from financial institutions and start small businesses.
StratCom initiated this concept through a workshop held today at the Laguna Hotel in Port Moresby.
StratCom encourages Papua New Guinea’s to venture into SMEs. It also provides opportunities for SMEs to do transactions with financial institutions like BSP and PML. BSP’s training branch manager, Roslyn Hoping said BSP, through its’ smart business package program will assist SMEs in accessing its services.
“Its convenient services include encouraging business licences, accessing savings accounts through mobile banking and bank agents. With a complete roll-out program, the SME sector will access services anywhere in the country,” she said.
PNG’s Microfinance Limited branch manager, Ms Maggie Onao said its bilum account offers great opportunities for SMEs to save money.
“It only encourages two withdrawals monthly for each customer’s convenience and imposes K1 interest on the principal amount.
It has established services to major centres in PNG, including rural areas,” she added.
Eric Haurupma is a UPNG Journalism student.