Organisation helps small business owners in informal sector with startup capital

Business

AROUND 100 people in the informal sector in Port Moresby have been provided startup capital and training to start their businesses, according to the PNG Millennium Good Governance.
Chairman and founder John Gugl said he was able to support small business owners in Gerehu with the startup capital through the Street Market Economic Revolution project by his organisation.
“We provide capital without equity and security to people that we train. We give as much as K500. We have a system where we monitor the progress of these people,” Gugl said.
“We have induction classes for those who are interested. We teach basic accounting and other business related concepts. Those selected sign agreements with us to pursue their business.”
He said the organisation had given about K20,000 already.
He has made submissions to the National Planning Department to integrate the programme into government plans.

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