​How to build wealth and stay healthy through a period of financial crisis 

Cost of goods and services are increasing but fortnightly pay remains the same. Hospitals have no drugs forcing people to seek medical attention overseas at the cost of thousands of kinas.There are not enough jobs to go around or you may not have the right skills and experience to land your dream job.

Businesses are passing costs on to consumers and cutting jobs to save costs. Economic and financial outlook is not positive in the immediate future.

Is there a way to make money and grow a business without getting affected by the financial and economic crisis?

Yes there is a way and while you are at it attend to your health and those of others around you as well.

I am offering you the option of network marketing. Find an MLM bussiness that can add value to your life financially and health wise. Just plug in to a business that has all the systems and processes in place (no over head costs) and sell the products and duplicate yourself. It is hardwork but pays off in the long run.

I joined an MLM company for the food supplements that are helping my body to convert from an acidic state to an alkaline state to heal naturally. With health on my side, my family stays away from the doctors. I am also entitled to a free medical check up overseas should I need it.

Financially, just by selling the products to those in need and duplicating myself, I am not only helping myself gain financial independence but also helping many women and men from all walks of life to pursue their health and financial dreams. I received all these life time benefits  and many more only for K880.00! 

For more information on how to sail through the financial crisis living  health and building wealth, email me for information on how to be part of my team. I will guide and support you to ensure that you prosper through our business partnership. For your success is my success!

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Linear vs leveraged and residual income

Introduced by Robert Kiyosaki, everyone that produces income falls into one or more of the following categories.

We grew up been told to get a good education and get à good job. As an employee, you sign up to 40 hours of work per week (8am-4pm) for 40 years for 40% of what you earned as retirement benefit. The more time you work, the more you earn. Time is money. There is no leverage – no work, no pay. Many people earn income this way.

A self employed person like a consultant, contractor or buai sellor owns a job. The amount of work determines the income. There is no leverage – no job means no pay. Time is money. Most of people earn income this way.

A business owner owns a system. These are businesses and companies that employ people to run the business. There is leverage – income does not depend on active work. 95% of wealth is earn this way. Network marketing falls under this category were the system is already in place. When you register, you just plug in to the system to earn income through rectuitment of dowliners and product sales. Income is limitless. The harder you work to grow business, the more wealth you create.

The final category is an investor. This person owns investments.Income does not depend on active work. No effort is required as money works for you. Only about 5% of the population are in this category. People who progress up the ranks of network marketing that reach a certain ranking qualify for this stage.

Reflecting on these different categories, ask yourself these questions; how old are you now? how much of your active life is left to do something about archieving your dreams? where are you now in the cashflow quadrant? Are you already living your dream?

Network marketing is the cheapest and fastest way to become a business owner. Through hardwork, you can become an invester too. Network marketing has made more ordinary people become millionaires then any other form of business.

It is important to understand the different options to know how to quickly build wealth.

Survey Says: Women are Global Job Creators — The Womenabler Blog

Female entrepreneurs are outperforming their male colleagues in job creation internationally. So says a new study just published by EY. The results, based on a survey conducted among 2,673 business owners in 12 economies, are shared in a summary of the EY Global Job Creation survey 2016, entitled “Does disruption drive job creation?” While secondary […]

via Survey Says: Women are Global Job Creators — The Womenabler Blog

Connectingdots609 – Boana Coffee Cooperative – High Quality Organically Grown Coffee

Coffee-Cherry-Boana-Nawaeb-District-Morobe-Province-PNG-August-2009

Nick Nayong is from Sokam village, Ward 12 of Wain/Erap LLG in Nawaeb District, Morobe Province and is the Chairman of Boana Coffee Cooperative. Nick is responsible for about 400 coffee farmers in that local area.

To access financial services, Nick and his members walk for 3 ½ hours up and down mountains to Besiman Trade Store in Boana Station to purchase a limited selection of store goods. They normally would have little chances of obtaining cash given that the trade store always runs out of cash. It is the only service provider in the local area that provides a withdrawal facility. The other option is to pay as passengers on a Public Motor Vehicle (PMV) for K14.00 per person, one way for another 3 hours to access proper banking facilities in Lae city.

To sell their coffee, they either have to pay an additional K15.00 per 50kg bag of coffee on top of the K14.00 PMV fare to sell their coffee to Coffee Industry Corporation (see link: http://www.cic.org.pg/) in Lae or sell their harvest at very low prices to roadside buyers who travel in search of coffee from Highlands Provinces.

Neknasi Coffee Growers Corporative Group is also from Nawaeb District and has connected with Fairtrade (Australia & New Zealand) to enable them to export their coffee (see link: http://www.coffeecorp.org.pg/news50.html)

Nick told me that the current situation is not conducive for his 400 plus cooperative members in terms of getting the best deal for their coffee. Nick’s biggest desire is to find financial and technical support to assist him ensure that his members are harvesting and selling high quality organically grown beans for export.

You can express your interest to connect with Nick by commenting on this post with your contact details.

Rural sustainable livelihood training

“This training really helped to put me on the right part to budget and manage my family. I appreciate the trainers’ and sponsors efforts in initiating bottom up programs that educate rural farmers in PNG on how to improve their living standards to come out of poverty. We have the resources but lack the skills to help ourselves. Thankyou for the privilege and opportunity”, John Joseph, Community Educator, Sohe District, Oro Province

The above quote sums up the sentiments and comments we received from more than 200 participants of ACIAR’s Women’s Business Acumen Training conducted in Mul-Baiyer , Sohe, Talasea, Nawaeb and Nuku Districts.

Elizabeth Medline Ling and Kiteni Kurika are employees of PNG National Agriculture Research Institute based in Kokopo while Fredah Wantum is a staff of PNG Baptist Union based in Mt Hagen, Western Highlands Province. They were tasked by Australian Department of Foreign Affairs and Trade through its Provincial and Local Level Government Program (managed by Coffey International Development Ltd) to deliver ACIAR’s Women’s Business Acumen Training in these districts.

The training is all about changing the way people think about utilizing the resources available to them. These includes, appreciating and using family teams to realize farm goals, acknowledging the need for good respectable communication and decision-making within family teams, the value of time management and reviewing farm plans to maximize on income earning opportunities to realize farm and family goals. The participants were also taught basic financial literacy and bookkeeping. We are hopeful that such trainings as this will also help reduce domestic violence.

This training emphasized knowledge, skills and attitude (role model) as pre-requisites to success. Community Educators were trained to train others in the community, had to be available to serve the community, act as an information Disseminator or Extension Officers and motivate others as role Models in farming. This process encouraged Community Educators and farmers to become a ‘community of practice’; which should enable them to continue their personal development and improvement of their livelihoods through peer and action learning.

Some challenges rural farmers highlighted are;

  • Rural communities lacked access to reliable farming information or advisory services to support their farming activities. This has resulted in farmers planting hectares of cocoa, coffee or vanilla, rice, etc.… without the proper knowledge of managing that particular cash crop. The same goes for animal husbandry.
  • Usage of mobile phone varied from district to district and that hardly any participant had access to an email or internet access. Very few people listen to radio for music and news. This makes mass dissemination of farming information challenging through internet of radio. SMS seems to be the best option currently available.
  • Apart from the two oil palm districts of Talasea and Sohe, only a handful of people had access to bank accounts. EFTPOS facilities are minimal unless people travel into town.

I will write about some individual farmers in my next article with the hope that people will read about their aspirations and challenges and reach out to help them with the right support to help them progress in their lives.

How to register a farmer cooperative in PNG

Cooperatives are suited for rural people with low income because the nature of the composition of members and distribution of surplus income earned by the cooperative facilitates are wider distribution of wealth within a rural community. Most of the income earned will be spent locally and as a result will boost the local economy. Cooperatives also help local people pool resources together to buy resources that individuals are unable to afford. For example, they can put money together to buy a tractor to plough the land. When cooperative members bring their produces together, they have a greater bargaining power and incur less cost to individuals to market their produces. For example, it would be expensive for individual farmers to bring in their produces in a PMV but if those farmers bought a PMV through a cooperative, they could pay a small fee to get their produces to the markets or nominate a few people to take their produces to the markets on their behalf.

The co-operative values are self-help; self-responsibility; democracy; equality; equity and solidarity. There are seven co-operative principles: voluntary and open membership; democratic control; member economic participation; autonomy and independence; education, training and information; co-operation amongst co-operatives; and concern for the community.

According to the Cooperative Societies Regulation 2003, the fee for an application to register a Co-operative Societies is K25.00 and the fee for an application to reserve the name of a Cooperative Society is K30 which is a total of K55.00.

The following steps were extracted from the Co-operative Societies Act 1982;

  1. STEP 1: Pre-registration requirements – Hold a meeting for the proposed society and the meeting must be attended by at least 7 members. Members must be PNG citizens above the age of 18 years with the aim of getting together to promote a common economic and social interest.
    1. The meeting must agree to a written statement showing;
      1. The objectives of the proposed society
      2. The reasons why you believe that the proposed society will achieve its objectives.
      3. The rules under which the proposed society will operate
    2. In accordance with the rules,
      1. Elect a board of directors
      2. Other officers provided for in rules
    3. Members must sign and application form for membership of the proposed society
    4. Within two months from the election of the Board, the board shall apply to the registrar for registration to the Registrar as a society under the Co-operative Societies Act of 1982.
  2. STEP 2: Attachments to applications – Make two copies of the registration form and the following documents;
    1. The agreed written statement from the first meeting
    2. Proposed rules signed by any of the two Directors
    3. List of members
    4. Full name, address and office of other office holders
    5. Statement of showing the name of the society
  3. STEP 3: Registration decisions by Registrar – The Registrar may;
    1. Register the proposed society, or
    2. In writing, request the proposed society to amend their application or amend the application as a fresh application, or
    3. By notice of his/her seal to the proposed society, refuse to register the proposed society and refund the registration fee according to the rules of the Co-operations Act.
  4. STEP 4: Registration process for successful applications – Where the Registrar registers the Society, he/she will;
    1. Issue a certificate of registration, and
    2. Publish a notice of registration in the National Gazette
    3. Endorse his approval on all or part of the proposed rules to be the rules of the society

The date shown on the certificate is the date the society was registered and the society will;

    1. be a corporation under the name it is registered
    2. have perpetual succession and a common seal
    3. have the power to;
      1. Hold property; and
      2. Enter into contracts; and
      3. Can sue and be sued in a court of law
      4. Do all things necessary to implement its objectives as set out in the rules

The liability (legal responsibility or accountability) of a member will be limited to the nominal values of shares held by him/her or any fees/charges due and unpaid by him or her to the society. The name of a society will include the “Co-operative” or “Co-op” and the word “Limited” or “Ltd” must be the last word in the name.  For example, Sogeri Farmers’ Co-operative Limited can be called Sogeri Farmers Co-op Ltd.

For more up to date information on cooperatives, you can contact the Cooperative Societies Unit of the Department of Trade, Commerce and Industry located at Moale Haus, Melanesian, Port Moresby, NCD, PNG.