Small and Medium Enterprise (SME)

Local turns K1,000 loan into major business

This is after he turned a K1,000 loan into a business estimated to be worth around K500,000.

On Friday, Collins Yapen and his partner Elvi opened their first trade store in the presence of the National Planning and Monitoring Minister.

Locals in Sungilbar LLG of Sumkar District witnessed the opening of a new trade store owned by their very own kin.

It was a momentous occasion as Minster for National Planning and Monitoring, Richard Maru, made time available to officiate at the event.

Operator: Tourism must benefit rural communities

Local tour operator in Chimbu Province, Chris Jaime, said tourism remains the only industry where everyone can benefit from.

Jaime operates tours and provides adventure trips for both local and international tourists in Chimbu, including tours for Mt Wilhelm, which is the highest peak in PNG and the Oceania region.

Jaime said people can be involved in Small and Medium Enterprise (SME) to sustain their livelihoods and also contribute to the country’s economy by promoting tourism with their products.