Company sponsors financial literacy programme with K141,000

Business

By DALE LUMA
THE City Pharmacy Ltd (CPL) group has continued its eight-year partnership with the Ginigoada Foundation by giving the foundation K141,000 for its Bus 4 financial literacy programme.
CPL managing director Mahesh Patel made the cheque presentation yesterday at the Harbour City Stop and Shop retail outlet in Port Moresby.
Patel said financial literacy was at the heart of creating small and medium enterprises (SMEs) and nation building and the CPL group was proud to sponsor the programme.
“The Ginigoada Foundation does financial literacy training and the biggest pleasure that we get from CPL is that we are reaching the heart of the community,” he said. “We have graduated 27,000 people right in the settlements.
“These are people with really, no education, no financial literacy who run a market table businesses and we have actually taught them how to manage their finances.
“We talk about SMEs and all that but this is really at the heart of SMEs and at the heart of the development of PNG. If you look at 27,000 people and the income they generate and the lifestyle they improve, it gives us great pleasure to carry out the sponsorships.
“You have testimonies of people who have actually been to the classes, matured adults who have not held a pencil or a book in their whole lives, they sit under a tree and get educated about financial planning, cost of money, margins, and customer service.
“It is a fantastic programme and I am hoping the Ginigoada Foundation carries on with this partnership and we will be there to support it as long as it is needed.”
Ginigoada Foundation manager Robert Evah thanked CPL and said the support was key to them delivering the programmes.

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