Do training in rural areas

MANY Papua New Guineans who own SMEs are living in rural areas.
The SME training that is undertaken by the National Development Bank should be spread out to the rural districts.
The bulk of our aspiring small business owners in rural areas are desperate to access such training.
Prior to the roll out of the Government’s SME financial assistance, provision of SME training should be taken on board at the district level.
Facilitate basic training to establish the strong foundation for the SME owners to keep accounts records to verify daily monetary transaction and control over their money including revenues and expenditures lead up to calculate profit and loss at the end of each month.
Such accurate keeping of records may be of beneficiary to both the sole traders, partnership units, business groups, commercial banks and financial institutions to make assessment of the entities for loan eligibilities and their cash position to repay borrowed finance.
Many people running small businesses such as PMVs, agriculture businesses, trade stores, vegetable farming owners hardly keep financial records to determine the business performance at monthly, quarterly, or yearly to decide the profit/loss made over the business period.
Other important transactions including calculations and remittances of income tax and deductions of entitlements and re-direct to Internal Revenues Commission and super funds is hardly done because our people in the rural areas are financially illiterate.
The training modules produced by the officers from the National Development Bank is of paramount importance. As a Papua New Guinean, I wish for many businessmen and women to have the SME financial loan roll ed out for SME owners.

Jack Kukiwa,
Lae Karo