Business News

Women to Benefit from SME Training


By Colleen Barilae – EM TV, Lae

A group of women in Lae will be benefiting from a small to medium enterprise training aimed at advancing small businesses.

23 women in Lae have been selected to undergo training of formalising their informal businesses within their respective communities.

Susan Sawas is a local business entrepreneur outside Lae who began selling doughnuts, and who is now running a small tailoring shop. She said the trade store business she owns today looks promising.

By the end of the week, she expects to achieve more skills to advance her trade store business.

She is part of the group of women who operate small businesses in Lae, like betelnut sales, poultry, tailoring, cooking, and crop cultivation.

The training is supported by the department of trade, commerce and industry to assist women to acquire new ideas to grow small businesses.

As PNG’s economy grows, the cost of living in towns and cities also increases. Ordinary Papua New Guineans who do not have a formal job are forced to start small businesses to earn income to support themselves.

But over the years, lack of business management skills, remained a major challenge for businesses to flourish.

The five-day long, training is aimed at promoting and encouraging more women to participate meaningfully in the employment sector.

As the unemployment rate continues to increase, such small to medium enterprise training is vital for ordinary Papua new Guineans.

By the end of the week, these women expect to acquire new sets of skills, to create new businesses, and to maintain their existing ones.

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