Cheap loans to help small PNG businesses survive but not everyone is convinced – Pacific Beat

The COVID-19 slowdown is creating pain for small PNG businesses and while the national government is offering cheap loans, not everyone agrees that’s the best way to help them survive.

Entrepreneur Rita Awesa has worked in PNG’s travel industry for all most a decade, but when COVID-19 hit and the country’s borders closed, things got very difficult.    

“I have been operating as a travel agent owner for the last eight years.”

“The COVID-19 has affected all of us very badly, as a travel agency owner, my revenue has plunged from what I was making right down to zero and this is not going to pick up until the borders open,” she said.   

Rita Awesa and more than 30 other small business owners have been running their operations out of a shared ‘business incubation facility’ that is run by the state-owned National Development Bank (NDB).    

She said it has been a

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