Small-scale businesspeople get aid

Small-scale businesspeople get aid

JAYAPURA, Papua: Bank Papua will make available loans totaling
Rp 555 billion (US$62.5 million) to small-scale businesspeople in
different sectors this year.

Onesias Fairyo, director of the bank, said on Friday the
amount of loans to be provided this year was an increase from the
Rp 486.9 billion allocated last year, when credit arrears reached
only Rp 7.8 billion or 1.48 percent.

The sectors covered by the small-scale business aid package
include agriculture, mining, industry, electricity, gas, water,
construction, transportation, hotels/restaurants and social
services.

Onesias said businesspeople requiring loans of no more than Rp
5 million were subject only to business feasibility assessments
and did not have to provide collateral.

Bank Papua, established 37 years ago and now with 67 branch
offices around the province, changed its status last year from a
regional company to a limited liability company in order to
enhance its service. --JP