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New Bank In Fish Town Sells Shares
Date Uploaded: Apr 26, 2014

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New Bank In Fish Town Sells Shares

By Chris Nyenapee, LINA River Gee Correspondent

FISH TOWN, April 25 (LINA) -The Vice Chairman  for Operations at the MC-2 Rural Community Financial Institution in River Gee,  Keh Quenneh, has disclosed that the institution is selling shares at the bank in Fish Town City, the provincial capital of the county.

The bank, under the sponsorship of the First Afri Land Bank with support from the Central Bank of Liberia, (CBL), was officially dedicated on April 4, 2014.

The board vice chairman told the Liberia News Agency that shares are sold at US$5 and L$100 per share, with the restriction that no one purchases over 1,000 shares.

On the impact of the bank, Quenneh listed a number of benefits residents and customers have begun enjoying, including encashment of pay checks, opening of savings accounts, Western Union and Money Gram facilities and security for depositors.

He said the bank brings relief to residents of River Gee County who had to travel long distances to Pleebo and Harper in Maryland County, Zwedru in Grand Gedeh County or even Monrovia to do banking transactions.

Quenneh said the bank targets farmers, village credit and savings clubs, marketers, and petty traders to help improve the standard of living and reduce the hard cost of living in River Gee.

It can be recalled that the MC-2 Rural Community and Financial Institution was established in the county after a survey by the First Afri Land Bank and officially dedicated on April 4, 2014 by Central Bank of Liberia Governor J. Mills Jones.

LINA CTN/JGT/TSS/PTK

 

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