National Development Bank Re-Introduces The Stret Pasin Stoa Scheme

Source: National Development Bank

The current status of retail shops especially trade stores and food bars in our country where nearly all are run by foreign nationals is an “eye sore” and a crime against our people and a trend we must not continue to accept.

These foreign nationals are now going into Districts including remote Districts to run and operate shops while our people remain spectators because of the lack of empowerment and encouragement by successive Governments, stakeholders and clear laws and policies against such takeover of what was once restricted businesses.

Many are legitimising their stay by marrying unsuspecting PNG citizen women to legitimise their stay so they can trade under the name of their spouses. As discussed at the PNG Indigenous Business Summit in Kokopo last year we the citizens of our land cannot allow this to go on and must seek to regain our “birth right” by taking back and running all trade stores and food bars in this country and move into owning and running more restaurants, etc.

As a result of our unified desire to take back foreign owned and managed businesses especially in the SME sector where we have enough citizens who can competently run these shops and kai bars, our “Haus Moni”, the National Development Bank has made a firm decision to re-introduce the once popular and very successful “STRET PASIN STOA SCHEME” in 2012. This is made possible by the K130 million seed capital funding to NDB from our Government in the 2012 Budget.

On behalf of all our people, especially our “indigenous business community”, the Board and Management of NDB would like to thank the O’Neill/Namah Government for your historical and unprecedented funding support in 2012 Budget to enable NDB to re-introduce the “Stret Pasin Stoa Scheme” in 2012. In particular we would like to commend and thank the Minister for Agriculture and our Minister, Hon. Sir Puka Temu, MP for the securing of this historic funding in the 2012 Budget.

Clearly the aim of the Bank is to replace all non citizen trade store and kai bar operators by citizen owners and operators. This is consistent with Vision 2050 aspirations to empower our people to create wealth for themselves.
We also encourage our citizens not to lease their properties to non citizens, as together we can work towards empowering and supporting more and more of our willing hard working and highly competent citizens to run these trade stores and kai bars, restaurant, etc.

Already there is a growing class of successful PNG citizen trade store and kai bar operations hence there is no reason why many others cannot succeed provided we are prepared to work the long hours and not take up to the lazy option of leasing our properties to foreign nationals.

Under the Scheme NDB will provide 100 percent funding for our citizens to take over or build new shops, bakeries and kai bars, restaurants or lease existing kai bars after you are screened and considered a fit and proper person to be provided such a “golden opportunity”.

This unique privilege of being backed into business by the Government through NDB under the Stret Pasin Stoa Scheme, we believe will again be a very popular scheme. We are now seeking qualified citizens to join this formerly very successful scheme.

The criteria for those who want to apply to join the scheme include:

  • Age: Between 25 – 45 years
  • Education: No less than Grade 10 education
  • Employment: Run your own businesses or have been in active formal employment for over 5 years
  • Traits: Have clearly evident entrepreneurial traits and drive to be self employed
  • Habits: Have sober habits
  • Family: Must have a stable family history
  • Marital Status: Married – NDB encourages married couples to participate in this scheme as a team
  • Criminal Record: Have no previous Criminal Record
  • Health: Must be Medically Fit

Apart from retail shops, kai bar, service station and bakeries which will qualify for funding support under the scheme, we are open to other businesses like motels, guest houses, workshops and other businesses that citizens can buy or start.

Management Buy Out is of particular interest to NDB as there are already skills and competent staff and management from those who wish to particularly buy out foreign owned businesses.

If the Stret Pasin Stoa concept is of very serious interest to you and you would like to work hard and develop your own business, be your own bosses and secure financial independence and freedom in future than this scheme is for you. Why work for someone else when you can work and own your own business by sending in your expression of interest to join the scheme by writing to our “Haus Moni” on this address:

Mr Robert Thadeus
Relationship Manager Commercial Lending
National Development Bank
P O Box 686
WAIGANI
National Capital District
Attention: Stret Pasin Stoa Scheme
His contact details are:
Phone: 324 7628, 7382 9157
Email: rthadeus@devbank.com.pg

In your expression of interest, you should clearly express why you want to join the scheme and why you should be given preference over other applicants. Please include
a copy of your resume with referees who can attest to your suitability to join the scheme. Applications close on 29th February, 2012.

Download in PDF Stret Pasin Sota Scheme

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27 thoughts on “National Development Bank Re-Introduces The Stret Pasin Stoa Scheme

  1. Excellent initiative/scheme. Let’s take advantage of this golden opportunity and not disappoint our country. Good stuff NDB!

  2. I am a very vocal on this issue and its about the government act immediately or else we would be ‘great loosers’ in our mother land. Thanks to Oneil/Namah Government for the timely budgetary injection of K120m is a real financial booster.

    Therefore, encourage every citizens to submit u applications so that we can fight for our rights to own businesses in our land. I am want to be straight Asians running trade stores + kai bars should be kicked out as its preserved for nationals periods.. that the target strategy – I am afraid of the notion of ASIANIZATION of Papua New Guinea so be careful.. and government as acted but do it properly?

  3. The stret pasin stoa scheme is an excellent scheme that helped many Papua New Guineans learn about business. My parents were the third batch of Papua New Guineans who were given the oppurtunity to manage and eventually own their own shop. While the rewards are many, the hours are very long and tiring. We spent 10 years living behind our shop where my parents worked 15 to 16 hour days. Though I was only in primary school I was old enough to see the hard work and dedication my parents put into their business, which they eventually sold. I believe the Stret Pasin Stoa initiative helped them to realise their potential as they are still business partners nearly 20 years after they sold their first shop.

    Thank you NDB for bringing back this scheme. I wish the scheme every success.

  4. very scary, racist scheme. the best way forward for any thriving economy is to encourage LEGAL competition. if people of other nationalities are in the country illegally or conducting business illegally, then that’s another matter. but if ANYONE can come to PNG or PNGns themselves conduct successful business through fair trade and competition, then it can only mean CHEAPER and BETTER goods for normal PNGns.

    taking a racist stance such as this is misinformed and worrying – the government is trying to appeal to the masses with this kind of illogic.

    and the money in this scheme could be much better used elsewhere if the intention is to help PNGns to conduct business in this country.

    1. Whilst I agree that the racist tone is not warranted, I do not see any issue whatsoever with a government giving finance breaks to SME’s in PNG.

      Commercial banks are no help with their requirement for one to one financing (in other words give me K50,000 then I’ll lend you K50,000), so what could be wrong with helping small businesses? Countless governments all over the world employ such assistance. We’re talking about SME’s here, not shoe factories or Oil Refineries.

      Sure Papua New Guineans need cheaper and better goods and services, but more importantly what they need are the tools and assistance to have more economic control over their lives. If our country is going to be going through an economic boom, then by God we all need to be a part of the equation.

      Most PNG’eans will continue working for others but for those that want to do better than that, the Government has every right to help them.

  5. Excellent, NDB, having tried to run a small business since 2007, has been a challenge,particularly in financing, and the banks are of little help to young entreprenuers. We are most definately putting in an E.O.I

  6. A very good initiative, but first we must get those filthy political fingers out of the stret pasin bank before the program is rolled out. Putting the cart before the horse won’t make any difference, particularly in an attempt to avail the struggling PNGeans from a perceived Asian invasion, and eventual monopolising of our SMEs. Remember, responsibility for wealth creation starts back at home, and not somewhere else.

    Ted

  7. This goverment’s initiative to revive this concept will for sure decrease poverty rate, increase employment and self engagement in business, sustain economic growth, prove self economic independance, restore pride and confidence to the indigineous populace and restore national dignity, heritage and pride. Just a few to mention. Well projected.

  8. Can the bank catogrise all the applicants to see how many young people apply for the loan?

    One other concern is that, NDB as a bank as recognized the mother and the father groups but how about the young people like me – age between 25 and 30 years. Can you as a bank create an open function were we the young people without mother and father but we have supported ourselves and try to earn our living but keep struggling because of the current social,political and economical struggles.

    There is a problem. If we keep on staying in the office and give direction for change than this isnt going to work and also what level of people we are trying to deal with. Eg Mother & father, young and old, educated no not employed or not etc……

    Currently the problem is the younger generation who are roaming the streets of Papua New Guinea. The challenge here is that, can the bank develop a programe that can involve the raw, wild and young talented generation who are struggling to survive in there own means and ways. To conclude, I would like to personally raise some question of hope here….how, why, who, how much,where,what, for whom and many more…

    Emmanuel

  9. Why not we can make Papua new guinea a place of indigenous entrepreneur and successful business man and woman or just to stay their and watch foreign investors be successful in our own land .that show how the richer get richer and poor gets poor .lets see is this a reality of just a dream of the national government.

    Will it be reality or its just a dream .lets see how the national government want to restore the business in the past.

  10. Problems will always be there. There will always be disparity in societies. One will be rich, the other poor. But amidst is the most crucial of all, our younger generation. What are they learning from all these instabilities? Beloved Papua New Guineans, we must save our younger generation NOW Free Education is one. What is the next plan if they leave school or acquired some life skill. These younger generation can PNG into prosperity. We will be old and this is the genreation who will take PNG into the next generation and beyond. I urge the Media to increase awareness in print voice and visual (TV). Let us be sypathetic and look beyond this generation and trust God that quality leadership and guidance is paramount and urgent to have visionary leaders to chart the plan now. There is wealth of experience retired, retrenched and unemployed. Let us put differences aside and all work together. Willie T

  11. Mason Nevosi I commend NDB for reviving stret pasin stoa scheme and making wakeup call to indigenous entrepreneurs to build,own,and operate businesses themselves instead of allowing foreigners to rent and run businesses. Before we become spectators on our own soil, the Nationa Government must act quickly to release the K130million it has budgeted in the 2012 National Budget to assist small businessman and women to participate and get rid of the foreigners renting properties.I have already taken action against the Asian by terminating contract we had been operating has partners on my property when NDB put up it’s advertisement in the News paper early this year..I am now 100% owning and operating mini supermarket. I am now awaiting reply from NDB Stret pasin stoa scheme which called for application early this year. I’d like to further expend my business operation. regards.mayss.

    1. Is this scheme will become reality or just a slang by the government . we are desperately to hear from the government. Papua Guineans always want to build castle in the air by going excited in propaganda in the parliament. common what the hell is going on .. we are eager for that. thank you…

  12. We are still waiting for the result of the Government allocated k130 or k70 million, remaining…..please let the government of the day know that the hard working honest man and woman of PNG need that money to develop PNG and are still waiting patiently for it. Give us and you will see, how we can help the youths of the streets of towns and cities to move off from their old ways and the crime rate will definately drop……..because the youths will get the job, an other words you are helping the whole PNG, not only the people applied for it………

    THANKS AND GOD BLESS YOU ALL

    Eddie Krisengo.

  13. Could the oic of the Scheme formally publish an update on the status in daily papers.

    It seems gloomy and we have been waiting in suspense.

    Gaul Bire

    1. PNGeans are always that.! just another figment publishing as if happened over night. we are already fad up with slogans and faddish words. when will the truth prevail??

  14. Iam one of the applicants here still waiting for my feedback from the NDB Stret Pasin Stoa Scheme. Launching of this scheme has brought hope for us PNGeans but then it never came to real. The application closed on the 29/02/12 and yet to date nothing happened. Why??????????????????????!!!!!!!!!!!!!!!!!!!!!!!!!!!!.

  15. Dear Sir/Madam

    RE: STRET PASIN STOA SCHEME.

    I’m Jebi and very much interested in the Stret Pasin Stoa Scheme, and enquire for the next role out of the scheme.

    Please let me know so I can put in my expression of interest.

    Truely yours

    Jebi Tani Biosi

  16. I have not seen the unsuccessful list on the stret pasin stoa scheme that NDB was to post it on the newspaper of 31/05/2013. NDB please advice on the outcome of my EOI. Thankyou.

  17. Thank you so much for the unbelievable offer you gave it to me, ndb I did my part in Goroka ndb by filling the papers and waiting patiently for the out come.

    Thankyou so much.

    Oripe krisengo.

  18. SECRET SPYING ON PNG BY AUSTRALIIAN GOVERNMENT.

    The Prime Minister Peter ONeill’s handling of the recent WikiLeaks revelations that the US and Australia have been conducting spying operations in PNG through the Offices and affiliates of the Australian High Commission has been absolutely below par and certainly not what is expected of a leader of an independent sovereign nation like PNG.

    The PM has not accorded the matter the seriousness and the focus that is required to raise the matter to the awareness of all Papua New Guineans to understand the extent, the length and breadth of this secret spying that Australia has been and is currently carrying on in PNG.

    Any Prime Minister of any sovereign State would have been immediately alarmed and gravely concerned with these revelations and taken immediate steps at diplomatic and other levels to seek an explanation, and put a stop to it, but not so ONeill.

    Recently Peter ONeill reacted after over a month had passed, and only after the Indonesian President has taken a strong stand with Australia, has ONeill come up with some lame statement on the subject.

    What most Papua New Guineans want to understand and know is why Australians and Americans spying on a small friendly country? We are supposed to be friendly nations and allies in the region. Certainly during the last world war we fought alongside Australians and Americans. We hold no national grudge, or offence against both Australia and America and these countries in turn play a major role as allies in economic and strategic interests in the region.

    We have had a strong and abiding Defence Cooperation program that has continued since Independence.

    The Prime Minister, in the first month as impasse Prime Minister, and upon being granted political recognition by Julia Gillard, visited Canberra and signed a whole lot of Agreements on behalf of PNG. There was no cabinet decision or consultation on those agreements. Since then he has continued to sign many more Agreements on bi-lateral matters, including Asylum Seekers Manus Processing Centre Agreement, with Australia without following normal government protocols and processes, which includes Parliamentary Approval and Cabinet sanction upon advice.

    What is now becoming self evident from the wiki-leaks revelations is that most of these Bilateral agreements the Prime Minister signed, and certainly other previous such Agreements, are borne out of Australia’s spying activities in PNG.

    The blunt question then is, why are they spying on us and for how long have they been doing this?

    Specific questions then need to be asked as to the level of Australian spying on the following:
    1. Who do they spy on and whose telephone conversations they listen to? From what has been revealed by Wikileaks it is clear that Australia has access to our telephone system and listen in on our calls. In particular, Australia appears to have unfettered access to our mobile telephone conversations.
    2. Does Australia spy on the Prime Minister and his wife, and their personal mobile phones?
    3. Does Australia spy on Cabinet Ministers of PNG. If so why?
    4. Does Australia Spy on the Opposition Leader, Hon Belden Namah?
    5. Does Australia spy on Former Prime Minister Somare, and tap his telephone conversations?
    6. Does Australia listen in on NEC Meetings at Morauta Haus with powerful listening devices?
    7. Does Australia spy on certain individual businessmen?
    8. Does Australia spy on certain key Departmental Heads and their cell phones?
    9. Does Australia spy on other Embassies in PNG?
    10. Does Australia spy on the Chinese Embassy, and its activities?
    11. Does Australia spy on the cell phones of certain foreign businessmen in PNG?
    12. Does Australia spy on certain foreign businessmen (and their wives) connected with the Prime Minister?
    13. Does Australia spy on certain Eastern European Businessman connected with a certain senior Minister in government?
    14. Does Australia spy on the RH Group?
    15. Does Australia spy on the Ramu Nico company and operations?
    16. Does Australia spy on certain senior Defence Force Officers, including the Commander?
    17. Does Australia spy on certain Police Officers, including the Commissioner and Assistant Commissioners?
    18. Does Australia spy on certain Israeli persons and their key supporters in PNG?
    19. Does Australia spy on Dr Dan Weis?
    20. Does Australia spy on all the Judges of the Courts of Papua New Guinea, including the conversations of the Chief Justice?
    21. Does Australia spy on and listen into the conversations of certain Governors, and in particular, the Manus Governor?
    22. Does Australia spy on Sir Julius Chan and monitor his telephone?
    23. Does Australia spy on Bougainvillean Leaders; and especially on Sir John Momis?
    24. Does Australia have an extensive spy network on Bougainville established since normalcy aimed at re-opening the Mine by CRA?
    25. Does Australia have a spy working in MRA at present?
    26. Does Australia have a file on Hon William Duma MP Minister for Petroleum and maintaining surveillance on his activities?
    27. Does Australia have a listening and tracking device on Mr Sam Koim the operation Sweep team leader?
    28. Does Australia listen in on conversations of former Morobe Governor Luther Wenge?
    29. Does Australia monitor the activities and track the monetary transactions of Mr Augustine Mano the Managing Director of MRDC?
    30. Does Australia spy on the movements and conversations of Mr Peter Yama of Madang Province?
    31. Does Australia through human intelligence gathering and electronic means spy on political parties and party leaders in PNG?
    32. Does Australia spy on activities of activists and certain NGO Groups and activists?
    33. Does Australia monitor, listen in on conversations and track the Governor for Northern Province, Hon Garry Juffa?
    34. Does Australia conduct high level surveillance on the social media networks including computer malware and cookies to trace and monitor individuals’ conversations, inputs and outputs?
    35. Does Australia monitor the travel of certain individuals of interest in and out of Australia and other countries?
    36. Does Australia keep track of financial transactions in PNG in PNG banks by citizens of PNG and PNG businesses?
    37. Does Australia carry out surveillance on the business activities of the Prime Minsiter, his off-shore bank accounts, businesses carried out by him and held for him by certain affiliates?
    38. Is the Prime Minister aware that Australia has details of his business activities held under other arrangements, arrangements that over the years haave not been declared to the Ombudsman?
    39. If so, how long has Australia been spying on the Prime Minister?
    40. Has Australia used, and continue to use information collated using such covert operations to “blackmail” Hon Peter ONeill into sacrificing the interests of Papua New Guinea?
    41. Who else does Australia spy on in PNG and for what purpose?
    42. Is it true that Australia listens in on all telephone conversations going in and out of PNG using its Pine Gap facility in the middle of Australia, and the Darwin facility.
    43. Is it true that PNG is used by Australia (at the Australia High Commission) to train its young spys of the two large spy agencies of ASIO and ONA? In this respect half of the former High Commissioners of Australia to PNG have ended up either in senior positions or heading ASIO or ONA.
    44. Is it true that Australia has been dishonest in the job descriptions of its spys working out of the Australia High Commission normally describing them as Diplomats, when in reality they are more spies than diplomats in diplomatic positions (as a cover)?
    45. Is it true that PNG Foreign Affairs Department and the Minister do not know and are misled on the diplomatic positions, job descriptions, and in reality most accorded diplomatic status are spies, which is an abuse by Australia of the Governing International Conventions?
    46. Is it true that the Defence Signals Directorate, Australia’s third Spy agency operates in the Australia High Commission in Goodwit Road, for and on behalf of the Americans with high level sophisticated listening and code deciphering devices that can listen in on any person or embassy they choose in Port Moresby?
    47. Is it true that foreign Central Bank Advisors and key economic advisors from World Bank and IMF regularly meet with Canberra to set the optimum currency exchange rate band width for PNG and its economy, and these are monitored in PNG through the High Commission?
    48. Is it true that all Ausaid consultants, ECP Officers, AFP Officers, in all PNG Government Departments have a reporting obligation back to Australian High Commission for intelligence purposes?
    49. Is it true that Australia has an agenda to control PNG through spying and information management, for political and economic manipulation, to take advantage of PNG and its resources for its own economic gain and strategic purposes?
    50. In the light of the revelations of Australia’s clandestine spying on PNG, why should the common Papua New Guinean trust a two faced person- who poses as a friend, but is really a deadly enemy?

    It is now on record that Australia cannot be trusted ever again in PNG.

    It is most disappointing and distressing to say this but that is the reality. Australia does not trust PNG. Australia has ulterior motives. Despite all the good work a lot of good Australians and PNGians do and have done to build relationships, the heart of Australian government is still dark, evil and cannot be trusted.

    At the moment Australia is using what information it has on the PM and certain Ministers’ activities to effectively blackmail them to give into signing so called “ Bi-lateral” agreements, certain programs, like the Asylum Deal and the ECP Program that are NOT IN PNGs SOVEREIGN INTERESTS.

    The Public Enterprises, Foregn Minister and the Attorney General give in to the Prime Minister’s antics because they are busy and happily chewing on the other side under various arrangements.

    The Prime Minister has sold us out to protect his personal interests. He has amassed incredible wealth like no other Prime Minister ever done in such a short time.

    That is precisely why, the Prime Minister has not taken a strong stand on this spying scandal that is breaking all over the world, including in Indonesia and Malaysia.

    The citizens of this country should call the Australian High Commissioner and Mr Abbott to account!

    This represents breach of trust by Australia at a deeper level. It puts to absolute shame all the aid programs dubbed as “partnership” or “ helpim pren” or “mutual assistance” etc. The smaller Pacific countries like PNG look up to Australia as the older or bigger brother in the region. To the US and Europe and Asia it poses as the baby sitter of the Pacific. But the Wikileaks revelations ( with more to come) show Australia as a chronically and terminally dishonest, and cannot be trusted. It is running separate agenda in PNG that PNG is not aware of. This is breach of trust at a very deep level.

    We should as a proper response freeze all military, police, aid and other forms of cooperation with Australia, suspend the visas of all their diplomatic staff (to a number proportionate to our staff numbers in Canberra in PNG High Commission there), suspend Manus processing centre, suspend Visa at airport for Australians, UNTIL we obtain:
    1. Written published apology to the government and people of PNG from Mr Abbott,
    2. A written explanation from Mr Abbott,
    3. A written answer to the above questions,
    4. A written undertaking that Australia will not in future listen in on PNG Telephone, email, fax and other electronic communications in Australia or PNG, nor carry out spying without full disclosure to PNG government under a mutually acceptable agreement.

    This is the least PNG should do to preserve its honour, dignity and sovereignty!

    Will the Prime Minister Hon. Peter O’Neill step up and put the national interest first, or will he allow this to blow over, because he put his own private interests first?

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