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Analyzing the key factors contributing to BSP Limited's sustained success in the banking sector of Papua New Guinea.

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Analyzing the key factors contributing to BSP Limited's sustained success in the banking sector of Papua New Guinea.   The Secrets Behind BSP Limited's Market Dominance CASE STUDY OF BSP LIMITED'S SUCCESS by Ismael Long -success leaves clues- This is why BSP Limited has dominated the market share for many years Bank South Pacific Limited (BSP) , Papua New Guinea's largest bank, has maintained its dominance in the market share for many years. Its consistent success stems from several key factors that set it apart from competitors. 1. Extensive branch network BSP has the most extensive branch network across Papua New Guinea, including remote and rural areas where other banks have little or no presence. By making banking accessible to the majority of the population, BSP captures a larger customer base and builds loyalty through convenience. 2. Innovative products and services The bank continually adapts to market demands by introducing innovative financial products such a...

GRADE 12 DROPOUT TO SUCCESSFUL AGRIBUSINESS MAN MAKING AN AVERAGE OF K15,000 FORTNIGHTLY!

GRADE 12 DROPOUT TO SUCCESSFUL AGRIBUSINESS MAN

Luksave imas stap oltaim

By Cornelius Yara

This is my brother Valentine Weringu of Rofundogum Village, Sausso LLG, Yangoru-SAUSSIA District in East Sepik Province. 

We all went to high school together as pioneer students to the new KUBALIA HIGH SCHOOL, now upgraded to Kubalia Secondary School in year 2004- 2005 doing grades 9 - 10. Later continuing to complete secondary education of Grade 11-12 at Brandi Secondary School in Year 2006-2007. He was not selected for University or Colleges in 2008. When I went to PNG University of Technology to do my Bachelor Degree in Engineering in Electrical & Communications Engineering. He stayed back home in the village without any hope for further studies. 

Fast forward 10 years later, in 2018 he asked me for financial help to start cocoa farming because he sees everyone at home (in the village) are doing it. With no experience or knowledge in this business, I trust my brother and wanted to help him to provide for himself, his family and support our parents and community. I send him K2,500.00 that day in 14th February 2018. He never failed me. He never misused the money. He spent every toea investing into building and operating a cocoa nursery, plantation and cocoa drying facility. 

Today he produces more than 30 dry 60kg cocoa bags per fortnight on normal months. These cocoa production triples during months of cocoa harvesting seasons. Let’s calculate how much he make per fortnight at average: 30 x K500/ dry bean cocoa bag = K 15,000.00 per fortnight! Wow 🤩 

In 2021, I’ve helped our community with support from my good brother Preston Karue, our East Sepik Governor Allan Bird, MP of Yangoru-Saussia & now Minister Richard Maru with access support from FOA & Streit EU Program in East Sepik Province to supply 100,000 cocoa nursery poly-bags to enable and ensure that every villager must plant 1,000 cocoa seedlings within our communities of SUASSO LLG. 

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I am writing this story to encourage, motivate and promote all our young people who are educated or not; wasting your life looking for employment and other money making ways in towns and cities to get back home (to your village) now and tilt the earth, sweat and produce something for yourself, your family, your community  and your province and country PNG.

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