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British American Tobacco PNG (BATPNG) has committed K200, 000 to empower Papua New Guineans to drive SME growth.
This will be through funding practical results-based training conducted by Human Development Institute (HDI) suited to the PNG context.
An agreement for this was signed by BAT and HDI last week on Friday 15 May at 6 Mile Office where HDI conducts all 7 Levels of Personal Viability Business Scheme (PVBS) trainings.
The support will enable HDI students to access funds as part of their training to manage money while also being included in the formal financial system.
HDI will partner with Women’s Micro Bank (WMB) for students to access funding where the amount will depend on their PVBS training level.
HDI Founder Samuel Tam thanked BATPNG for their support saying which will start with the first batch of 30 students and is expected to grow to support over 100 students in the 5 year partnership.
BATPNG General Manager Stephanus Duvenage said the commitment was for the sole purpose of supporting SME growth as directed by the governments national policy.
“It is also important to note that the current situation has meant changing priorities for both the Government and private sector. However we at BAT feel that the Government’s policy on growing SMEs needs to be supported in order to improve the livelihood of our people or as we say in PNG, “wok mas go yet.” Stephanus said.
The public is now invited to apply for the training at HDI 6 Mile Office in order to benefit from this support. Interest can be directed to Aileen Kaiulo on 3112714 or 3230066. Email: email@example.com