CONFUSION UNLOCKED: MSMEs and SMEs in Papua New Guinea

Hi everyone! In this insightful video, we unlock the confusion on --- mSMEs (micro, Small, and Medium Enterprises) and SMEs (Small and Medium Enterprises) in Papua New Guinea and introduce the new concept of Nano enterprises, exploring their significance in the local economy and their role within the informal sector. Understanding these classifications is crucial for entrepreneurs, policymakers, and stakeholders alike. There are clear distinctions between mSMEs and SMEs within the Papua New Guinean context. SMEs represent the upper echelon who make K200,000 to 10 Million annually while mSMEs encompass a broader spectrum, including micro-enterprises below the small business class. Let's get started!