spot_imgspot_img
Saturday, November 2, 2024

SECOND PHASE OF GOVERNMENT’S PRO-POOR LOAN KICKS OFF

Date:

MONROVIAThe Government of Liberia, through the Ministry of Commerce and Industry (MOCI) announces the commencement of Phase Two of the Small Business Pro-Poor Loan Development Fund (SBPDF).

“The Ministry of Commerce and Industry, the sector institution of the Liberian Government that oversees the Small Business Pro-Poor Loan Development Fund wishes to announce the resumption of Phase Two of the loan process and further encourages Liberian-owned Small Medium Enterprises (SMEs) to take advantage of the opportunity.”

All applications must be submitted to the Vetting Committee, Small Business Pro Poor Development Fund (SBPDF) Ministry of Commerce, and Industry (MoCI), EJS Ministerial Complex, Congo Town, Monrovia-Liberia and emailed to  mocipropoorloan@gmail.com.

All applicants must be able to meet the flowing criteria:

  • Be a Liberian owned MSME/MFI/VSLA.
  • Present a valid Business Registration Certificate.
  • Present a business plan/proposal.
  • Present valid Tax Clearance.
  • Present two recent Passport size photos and or authorized Identity.
  • Present monthly or yearly records of sales, where applicable.
  • Present Real Estate Tax Clearance, where applicable.

On September 18, 2018, the Liberian Government, represented by Ministry of Commerce and Industry (MoCI) and the Ministry of Finance and Development Planning (MFDP) embarked on the Small Business Pro-Poor Loan Development Fund (SBPDF) as a means of tackling the constraints faced by SMEs in accessing funding from banks and other credit institutions.

The initiative is also intended to provide financing opportunities to Small Medium Enterprises (SMEs), Micro Finance Institutions (MFIs) and Village Saving & Loans Associations (VLSAs). At the top of the Small Business Pro-Poor Loan Development Fund is to enhance fiscal stimulus for a nationwide quick impact project across Liberia, with the view of providing job opportunities, capital formation, and wealth for the under privileged in the society.

It is highly anticipated by the Liberian Government that the initiative will support the Government’s Pro-Poor Agenda for Prosperity and Development (PAPD), launched in Ganta City, Nimba County on 27th October 2018. Press release

smartnews
Smart News Liberia is an online news outlet and a product of Smart Media Group Inc. Our website, smartnewsliberia.com, covers a broad spectrum of news content. For inquiries or information, you can reach us at 0777425285 or 0886946925, or email us at smartnewsliberia@gmail.com or info@smartnewsliberia.com.

LATEST DEVELOPMENT

A MILESTONE FOR LIBERIA’S HIGHER EDUCATION, BUT CHALLENGES REMAIN

The launch of Liberia’s first doctoral programs at the...

BOAKAI’S MISPLACED AMBITIONS AS LIBERIA BLEEDS AND THE PRESIDENT COURTS GLOBAL VANITY

Eight months into his presidency, Joseph Boakai’s administration is...

TAKE IMMEDIATE PRECAUTIONS TO PREVENT THE SPREAD OF MPOX – STAY ALERT, STAY PROTECTED

As Liberia confronts the resurgence of Mpox, the confirmation...

NO JUSTIFICATION FOR HIGH SALARIES OF BOAKAI ADMINISTRATION OFFICIALS AMID ECONOMIC STRUGGLES

In the midst of Liberia's current economic struggles, revelations...

COMMENTARY

THE MASS DISMISSAL OF LIBERIAN PUBLIC SERVANTS: A TROUBLING TREND UNDER THE BOAKAI ADMINISTRATION

A Commentary by Wondah L. Jah Since assuming the presidency,...

SECURITY RISKS: IS PRESIDENT BOAKAI UNKNOWINGLY SETTING THE STAGE FOR EARLY COUP D’ÉTAT?

In his commentary, Liberian political analyst Vandalerk R. Patricks...

IS JOSEPH BOAKAI LISTENING TO PROTESTS AROUND AFRICA?

A Commentary By Wondah L. Jah In January, Joseph Boakai,...

LATEST NEWS

WHO CHOPPED US$4 MILLION INTENDED FOR PUBLIC SCHOOLS?

LIBERIA – Smart News Liberia has gathered from a...

REP. FOKO DEMANDS ACCOUNTABILITY, THREATENS ‘KENYA STYLE’ CIVIL ACTION AGAINST LEGISLATURE

MONROVIA – District Number Nine Representative Frank Saah Foko...

UPNYC BOYCOTTS INDEPENDENCE DAY OVER ALLEGATIONS OF MISMANAGEMENT AND EXCLUSION

MONROVIA – The Unity Party National Youth Congress (UPNYC)...

Share post:

EXCLUSIVE INTERVIEW

OPINION

LIBERIANS ARE IN AN ABUSIVE RELATIONSHIP WITH THE UP AND CDC

  An Opinion By Grace RK Guar Every six...

AMERICA’S NEGLECT OF LIBERIA: A CALL FOR CHANGE

An Opinion By Bishop Dr. Rudolph Q. Kwanue, Sr A...

AMID AN UNENDING WAR AGAINST POVERTY, INJUSTICES – HAS THE PROGRESSIVE STRUGGLE BECOME LOST IN TRANSLATION?

A Patriot's Diary With Ekena Wesley What manner of Liberian progressives...

HAS PRESIDENT BOAKAI’S GOVERNMENT BEGUN BEARING GOOD FRUITS? (PART1)

By Jacob N.B. Parley Following a careful reflection, I have...

ELEVATING THE AG BIBLE COLLEGE TO A UNIVERSITY: A MILESTONE ACHIEVEMENT

By Jacob N.B. Parley After many years of successful preaching...

THE GALLERY

spot_imgspot_img

MORE ARTICLES

spot_imgspot_img

MORE NEWS

LATEST DEVELOPMENT NEWS

LATEST CRIME NEWS

Share via
Copy link