By Nicole Joannes
WOMEN in West New Britain Province will now be able to access loans to venture into small businesses.
Their future has been assured through their Governor Sasindran Muthuvel who said that the government would give K110,000 as seed capital with K10,000 each for the 11 local level government areas.
The money would be deposited into the National Development Bank (NDB). Mr Muthuvel said this would assist the women to go into income generating activities .
He said this was one of his government’s key priority areas to self-empower the people particularly those in the rural areas.
He made this revelation during the launch of the West New Britain Women in Fisheries Association last week.
The governor said that the Provincial Administrator Steven Raphael would work out the details with NDB Manager Paul Viritia for the loan initiative.
The seed capital arrangement with the NDB has proved successful in East New Britain and East Sepik provinces.
Mr Muthuvel also committed K10,000 from his discretionary funds to assist women into fishing projects which has greatly boosted the women’s business morale.
|A woman selling her goods along the main highway near Kimbe, |
West New Britain Province. Behind her are oil palm trees plantation.
Pic by PNG Eco Foresty Forum