By WINTERFORD TOREAS
THE South Nasioi Co-operative Society in the Kieta District of Central Bougainville recently received a boost of K50,000 from the ABG member for South Nasioi, John Ken.
Mr Ken presented the money before travelling to Port Moresby about a fortnight ago.
The funding was drawn from Mr Ken’s constituency development grant allocation for 2011.
This co-operative society is also the brainchild of Mr Ken after seeing the need to set up an organisation that will help in the funding of projects in his constituency.
“The idea behind the establishment of this co-operative is to support my projects in the village. It will co-fund the projects implemented,” Mr Ken said.
“This funding is also in line with my vision to create an avenue that will help raise the revenue for my people and all Bougainvilleans.
Mr Ken said this funding has already been used to buy 275 cocoa bags at a cost of K280 per bag from the cocoa farmers in his constituency.
These bags were then sold to the cocoa exporters in Arawa.
He said later on he will be finding the markets overseas, with assistance from the Division of Commerce, so that his people can export their cocoa there.