Jimmy Uguro, the Member of Parliament for Usino Bundi, has urged his community to become productive members of the district by prioritizing agriculture.
In a recent financial literacy training held in Bill Gara village, nearly 500 men and women graduated with certificates after successfully completing the program.
The training was facilitated by Bank of South Pacific/BSP and helped to capture the district’s goals and visions.
Uguro recognized the significant development that the district has experienced in recent years, such as the establishment of new schools and a sports precinct.
However, he emphasized that now is the time for further progress and community involvement.
Mary Koi, the Madang Branch Manageress of BSP, expressed BSP’s interest in partnering with the local district to set up a cash agent. She also encouraged small- to medium-sized entrepreneurs to register their businesses to receive the necessary support from BSP.
Brenda Igusam, the Officer in Charge of BSP sub branch in Walium, explained that the financial literacy training aims to educate individuals about how they can save and budget their money wisely.
The training covered various topics, including saving terminology, effective saving strategies, spending wisely, and the advantages and disadvantages of saving.
This financial literacy training fills a concerning knowledge gap within Papua New Guinea.
K1 Million was presented to the cocoa program for its continuous roll out in the district and a further k100,000 was committed for BSP to continue rolling out its financial literacy training in the district. Two trucks were also committed to the SME Group. BSP is committed to promoting financial literacy and partnering with local communities to provide the necessary support to help them achieve their economic goals.
