13 May 2010

PNG locals in Kokopo given a financial opportunity

11:03 am on 13 May 2010

In Papua New Guinea's East New Britain Province, the people of Bitavavar in Kokopo have been given a financial opportunity to participate in small to medium scale businesses

Many in the community have now received loans from the National Development Bank Limited who were tired of waiting for handouts.

The Post Courier newspaper reports the National Development Bank has been mandated by the government to help people in rural areas actively participate in the economy.

Loans are available for commercial, industrial, tourism, fisheries and other service industries for people living in rural areas, who don't have good access to banking services.