Source: The New Dawn
In keeping with his pledge to make available 1.4million Liberian dollars as micro loans for marketers in Grand Bassa County, Senate President Pro-Tempore Senator Gbehzohngar Findley has presented the first L$600,000.00 to six markets in Buchanan City. Each of the markets received a check for L$100,000.00.

Making the presentation on Friday in Buchanan, Senator Findley said the remaining markets across the county will receive their money as soon as they set up structures to manage the funds. He said the loan, which is a revolving fund, targets mainly local marketers, who are required to pay not more than three percent (3%) interest.

"The interests you pay go back into the fund and not to me. I have nothing to do with this money because it is for you. You will decide how to use it. The better you manage it, the better it will be for you", he told marketers.

Senator Findley said the amount could be increased to three million based on the performance of beneficiaries, particularly in terms of repayments. The Grand Bassa County Senior Senator said the intent of the micro loan scheme is to empower business people in the county, mostly women, who cannot borrow from the banks due to high interest rates and other stringent requirements.

Senator Findley added that the micro loan will increase the purchasing power of local business people and help them improve their businesses, while taking care of basic family needs.

Meanwhile, the Senator has presented a check for L$150,000.00 to members of the Women in Action for Senator Gbehzohngar Findley, a local support group in Grand Bassa. Findley said the amount is intended to empower members of the group in business.

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