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Port Moresby
June 27, 2022
Business News

Women and Business

 

by Colleen Barilae – EM TV , Lae

A Lae mother, Catherine Rauyak, has taken the risk to venture into a small trade store business after looking for employment for more than a year.

Her story comes amidst a growing number of Papua New Guinean women going into business instead of looking for Jobs.

Catherine says her biggest challenge is paying back the bank loan she took out to start her business.

The mother of two, started her business in Lae after she was unemployed for more than a year.She has been operating a small tuck shop service at Lae’s 7th Street since 2013.

Today as her business continues to grow, Catherine faces the challenge of making more money to repay her loan.  

This week 23 women are undergoing SME training in Lae. The event will show them ways to expand their businesses to generate income.

Gemo Gerega, another participant of the SME training plans to develop her small tailoring business after she completes the training.

One of the main challenges facing Papua New Guineans is to repay the loans they take from loan institutions to start their businesses.

Sometimes the interest loans are too high that they cannot repay on time, and their businesses fail. As the unemployment rate in the country continues to grow, some women have realised the importance of engaging in businesses to earn an income.

 

https://youtube.com/watch?v=4A5MZeIEHK8%3Ffeature%3Doembed%26wmode%3Dopaque%26showinfo%3D0%26showsearch%3D0%26rel%3D0

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