Micro-Credit Loan Program Receives Boost

Tuesday, 29th July 2008
Monrovia, Liberia - The Micro-credit program in Liberia, intended to empower grassroots market women, has received a boost with the infusion of thousands of dollars into the program by the Founder of the California based Foundation for Women (FFW),  Deborah Lindholm who organized the program in Liberia.

Madam Lindholm who arrived in the country last Friday to assess the micro-credit program she set up 18 months ago, told journalists in Monrovia Monday that she also brought office supplies including six laptops for use by the Micro-Credit program  and supplies for the Rally Time  Market Pre-grade school set up specifically for the children of marketers.

She disclosed that the FFW has forged a partnership with two institutions in the United States, including billionaire Bill Gatesí Micro-credit program, to assist Liberian marketers.

Madam Lindholm has meanwhile expressed satisfaction over the impact the FFW sponsored micro-credit program was having on the lives of Liberian marketers.

She said the stories of how the micro-credit program has changed the lives of women were impressive and encouraging. She said she was especially moved by the stories of beneficiaries of the micro-credit program in Gbowee village in Montserrado County, which she visited Monday.

Before her departure on August 4, Madam Lindholm, accompanied by the Director of the Liberia Micro-credit program, Madam Emily Peal, will visit chapters of the program in Bong and Nimba Counties.

She said the micro-credit loan program is currently operating in six counties, and expressed optimism that the program will cover all the 15 counties in Liberia in the next two to three years.

Meanwhile, the Foundation for Women Founder who said she will return to the country in December with a delegation from the Kennedy School of Government, says she is impressed with how much the country has changed since the coming to power of the Ellen Johnson Sirleaf-led government, citing the rehabilitation of roads and restoration of electricity and pipe borne water to some parts of the capital Monrovia.