Liberian Businesses seek $50 Million Loan from Gov’t

MONROVIA, LIBERIA-Liberian businesses are seeking a fifty-million United States Dollar loan from the Liberian Government , to empower and position them as major player in the economy.

The businesses are seeking the loan through a resolution that derived from a one-day major meeting convened by the Liberian Business Association (LIBA) , held at its headquarters in Paynesville.

The meeting was the first general sitting of all LIBA county coordinators, heads of associations and business groupings.

It followed deliberations on prospects and challenges of indigenous businesses proffered by LIBA county coordinators and heads of sector businesses.

According to the resolution, if government provides the loan, LIBA will distribute the funds among Liberian businesses at the rate of six percent, to be paid back in the period of five years.

The resolution seeking the loan is expected to be forwarded to President George Weah and members of the Legislature for action.

The resolution is the first major step by indigenous businesses to engage the government, to help resolve one of their major challenges-lack of access to finance.

The local business actors believe that granting of such loan will also be a tangible gesture to President Weah’s promise that Liberians will not be spectators in their own economy.







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