Wednesday, June 19, 2013 01:47
Lawmaker Introduces Micro Loan For Market Women
Story by Alva M. Wolokolie
Montserrado County District #3 Representative Bill Twehway has introduced half a million Liberian dollars micro loan economic empowerment for market women of the district.
At the introductory program yesterday at the Paynesville Pipeline Dry Rice Market, Rep. Twehway disbursed the first LD$200,000 (Two hundred thousand) to the women to take advantage of the loan program in order to improve their businesses.
He told reporters that the loan once taken by the market women will have no interest attached to it but the women would be allowed to pay back a minimum of LD$50.00 per day as a means of settling the specific amount credited.
This economic empowerment program is part of Rep. Twehway's campaign promises made about 9 months ago while seeking the seat of that district.
According to him, the loan is meant for four markets namely; Pipeline Dry Rice, Coal Field, LBS Community and Wani Town Markets.
“This is what we call employer and employee relationship. Today, I have come to fulfill what I promised you 9 months ago when I was campaigning. I will empower you economically. You will credit without paying interest. This will help you improve your business,” Rep. Twehway stated.
Accepting the loan program on behalf of the market women, the Superintendent of the Pipeline Market Kpannah Walker lauded the lawmaker for fulfilling his promise made to them several months ago.
She promised to encourage her women to be honest and sincere after they shall have taken the loan so that more women could be afforded similar opportunity to advance their businesses.