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Guest House Seeking Loan in Lae, Papua New Guinea

Recently established guest house and conference center looking for possible grants to expand accommodation facilities.
We are a locally owned village guest house and conference facility. Located in the beautiful Busamang village in the Salamaua Coastline of Huon District, the facility comprises an 8-men room accommodation facility, a 150-seater conference facility, and a recreational area at its epicenter. The facility provides not just accommodation but incorporates visits to clear waterfalls, sea exploration, bird watching, leatherback turtle observation, and last but not the lest taking a bath in the clear pristine waters of the Busama Coastline. The guest house sits on an ideal 150m x 200m land space and is surrounded by lowland forest vegetation and white sandy beaches. The facility was recently built to accommodate the ever-increasing demand for tourism activities in and around the Salamaua Peninsula of Morobe Province. Due to the increase in the demand for proper facilities, the management of the facility embarked on a mission to improve the facility through expansion of the existing facility to meet the growing number of visitors and tourists and to provide additional amenities such as proper latrine facilities, water supply, electricity, and other necessary facilities to give the tourist the experience of a lifetime. The guest house had its first lot of tourists who came to visit for the weekend. We also have day travelers who normally visit to spend the day at the beach or take a hike to the waterfall. Just within a span of three months heading into the Christmas and new year period, we had an influx of visitors who traveled in for holidays, however, we didn't have enough facilities to accommodate them. The current accommodation setting can only cater to 10 people.
Recently established guest house and conference center looking for possible grants to expand accommodation facilities.
6.8   Lae
Run Rate Sales
INR 12.5 lakh
EBITDA Margin
12 %
Business Loan
INR 12.5 L at 15%
Contact Business
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Guest House Seeking Loan in Lae, Papua New Guinea

Recently established guest house and conference center looking for possible grants to expand accommodation facilities.
We are a locally owned village guest house and conference facility. Located in the beautiful Busamang village in the Salamaua Coastline of Huon District, the facility comprises an 8-men room accommodation facility, a 150-seater conference facility, and a recreational area at its epicenter. The facility provides not just accommodation but incorporates visits to clear waterfalls, sea exploration, bird watching, leatherback turtle observation, and last but not the lest taking a bath in the clear pristine waters of the Busama Coastline. The guest house sits on an ideal 150m x 200m land space and is surrounded by lowland forest vegetation and white sandy beaches. The facility was recently built to accommodate the ever-increasing demand for tourism activities in and around the Salamaua Peninsula of Morobe Province. Due to the increase in the demand for proper facilities, the management of the facility embarked on a mission to improve the facility through expansion of the existing facility to meet the growing number of visitors and tourists and to provide additional amenities such as proper latrine facilities, water supply, electricity, and other necessary facilities to give the tourist the experience of a lifetime. The guest house had its first lot of tourists who came to visit for the weekend. We also have day travelers who normally visit to spend the day at the beach or take a hike to the waterfall. Just within a span of three months heading into the Christmas and new year period, we had an influx of visitors who traveled in for holidays, however, we didn't have enough facilities to accommodate them. The current accommodation setting can only cater to 10 people.
Recently established guest house and conference center looking for possible grants to expand accommodation facilities.
6.8   Lae
Run Rate Sales
INR 12.5 lakh
EBITDA Margin
12 %
Business Loan
INR 12.5 L at 15%
Contact Business
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