MP allocates K2mill funding for small business activities

Business

MORESBY North-East MP John Kaupa has allocated K2 million for his electorate to engage in small to medium enterprises (SMEs).
Kaupa said the empowerment and movement of local entrepreneurs from the informal to formal sector was the way forward to help people become self-reliant and productive citizens. He said during the launch last month that he wanted to empower the members of his electorate in line with the Government and Prime Minister’s goal of taking back PNG.
“When our people are involved in activities that generate income, they will not do illegal activities,” he said.
“They will take pride in their business venture and they will prosper.”
Kaupa said the 400 mothers selected for the first batch would be trained by officials from the Commerce and Industry Department’s SME corporate division.
“Our hard working mothers are already involved in the city’s informal sector but they need a boost. The district has identified them and will provide the seed capital with funding of K2 million from my district services improvement programme fund.”
He said NCD Governor Powes Parkop would give another K2 million to the initiative this year.

One thought on “MP allocates K2mill funding for small business activities

Leave a Reply