Convenience Store Seeking Loan in Lae, Papua New Guinea
Family-owned rural trade store supplying groceries and packaged essentials to the local community, seeks funding.
| Established | 1-5 year(s) |
| Employees | 2 - 5 |
| Legal Entity | General Partnership |
| Reported Sales | USD 19 thousand |
| Run Rate Sales | USD 19 thousand |
| EBITDA Margin | 10 - 20 % |
| Industries | Convenience Stores |
| Locations | Lae |
| Local Time | 6:08 AM Pacific / Port Moresby |
| Listed By | Business Owner / Director |
| Status | Recently Active |
Seeking Loan
USD
15.8 thousand
for
8.0%
annual interest,
5
years
(Native Currency: PGK 70,000)
Reason: The business is seeking funding to expand inventory levels, strengthen working capital, and improve ...
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Collateral Available: USD 11 thousand
Includes physical assets worth
USD
1.13 thousand
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Business Name
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Business Overview
- We are a family-owned business that started around three years ago in Munum Village, Huon Gulf District, Lae, Morobe Province, Papua New Guinea.
- We operate a trade store business focused on supplying groceries and packaged food items to the local community while contributing to and sharing our success with the people in the area.
- The business currently serves approximately 10 customers per day, creating a convenient and personalized shopping experience for local residents.
- Our products are sourced from local distributors and importers, enabling us to maintain a steady supply of essential household and packaged food products.
- We hold tax registrations, ensuring legal compliance and transparent business operations.
- We are committed to building long-term relationships within the community and have positioned ourselves as a trusted neighborhood store serving everyday customer needs.
- We operate a trade store business focused on supplying groceries and packaged food items to the local community while contributing to and sharing our success with the people in the area.
- The business currently serves approximately 10 customers per day, creating a convenient and personalized shopping experience for local residents.
- Our products are sourced from local distributors and importers, enabling us to maintain a steady supply of essential household and packaged food products.
- We hold tax registrations, ensuring legal compliance and transparent business operations.
- We are committed to building long-term relationships within the community and have positioned ourselves as a trusted neighborhood store serving everyday customer needs.
Products & Services Overview
- The business’s top-selling products include groceries and packaged food items, particularly essential staples such as rice and other daily household necessities.- Primarily catering to local residents and families in Munum Village and surrounding areas.
Assets Overview
Physical assets include the current inventory stock worth PGK 5,000.
Facilities Overview
Operating from the promoter's personal property located in Lae, on the ground floor with two rooms and a verandah for customers purchasing finished products.
Capitalization Overview
We have three directors who own this SME business.No outstanding loans or external funding raised.
Tags:
General Merchandise Store Seeking Loan in Lae, Papua New Guinea
·Lend to General Merchandise Store in Lae, Papua New Guinea
·Convenience Store Seeking Loan in Lae, Papua New Guinea
·Discount Store Seeking Loan in Lae, Papua New Guinea
·Mom & Pop Shop Seeking Loan in Lae, Papua New Guinea
·Grocery Shop Seeking Loan in Lae, Papua New Guinea
·Lend to Convenience Store in Lae, Papua New Guinea
·Corner Shop Seeking Loan in Lae, Papua New Guinea
·Milk Booth Seeking Loan in Lae, Papua New Guinea
·Lend to Discount Store in Lae, Papua New Guinea
·Lend to Mom & Pop Shop in Lae, Papua New Guinea
·Minimart Seeking Loan in Lae, Papua New Guinea
·Lend to Grocery Shop in Lae, Papua New Guinea
·Lend to Corner Shop in Lae, Papua New Guinea
·Lend to Milk Booth in Lae, Papua New Guinea
·Lend to Minimart in Lae, Papua New Guinea
·General Merchandise Store Seeking Loan
·Lend to General Merchandise Store
·Convenience Store Seeking Loan
·Discount Store Seeking Loan
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