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Hundreds of businesses have been looted, robbed or burned since the riots began on May 13. Business leaders find themselves deeply in debt and without prospects of restarting their operations. Testimony from an entrepreneur who nearly lost everything in Paita.
The smell was sickening due to the remaining perishable food. Looters frequently returned to this Païta food store.”They continue to use themselves, the damage started on May 14th and has not stoppedThis was confirmed by Christophe Vincent-Shoo, one of the managers, who together with his family manages seven companies, six of which have been looted or burned several times since the unrest began.
Aid falls short of entrepreneurs’ expectations:” We took all the steps we could, we were told that this is the way it is, and if it is not the case, it depends on the specific circumstances. As for the specific circumstances, I don’t know… “, Lance Christopher Vincent Shu.
As for insurance, it is difficult to make predictions for this entrepreneur.”As we move forward we find that…insurance companies are supposed to reimburse us for our inventory, we have no visibility, it’s just talk“, the entrepreneur continued.
Nearly 70 employees, like six managers, have not received their salaries for two months.”Overall, the total outstanding debt of all companies is $1.3 billion”, confirmed Christophe Vincent Shu.Today one of our banks is playing this game and pushing back the deadline, while another is not responding to emails.“
The former professional fisherman now has only one goal: rebuilding.Absolutely necessary.“
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