Financial literacy vital, says Yaninen

IT is important to attend financial literacy programmes to qualify for the concessional loans from the K200 million allocated by the Government for small-medium enterprises, an official says.
PNG Micro and Small Medium Enterprise Council president, Des Yaninen said one of the requirements to access the loan facility was to have a financial literacy certificate.
He told more than 200 people who completed a two-day training on financial literacy in Lae last week that they needed to have a financial literacy certificate “because there is a high failure rate of SMEs”.