PNGWiB to launch second project in PoM

Business, Normal

The National, Wednesday 23rd November 2011

PNG WOMEN in Business (PNGWiB) is progressing well with a major second project to be launched separately in Port Moresby and Wa­penamanda, Enga pro­vince next month.
PNGWiB, which concentrates on moulding women into entrepreneurs and help them rise from poverty, is embarking on the family banking project.
This project was in the final planning stages.
According to Sens Angau, PNGWiB marketing and training manager, this stand-alone project would still benefit from funding and logistical support from PNGWiB.
It will be launched in Enga, he said.
This project, he said, would also benefit from K150,000 funding commitment under the Strongim Pipol Strongim Nation programme, which had support from both the PNG and Australian governments through AusAID.
The three main components of family banking are micro-financing, multi-skills training and networking of community members, especially the youth and parents.
In the first phase, interested women from the same area could become financial members to benefit from trainings.
In the second phase, family members would be grouped into economic units, with each unit led by a selected female family member as part of PNGWiB’s promotion of gender equality.
“This project will help the people, not only in financial training but also in its internal programmes, Angau said.