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NAPETUL Loans For 400 Petty Traders
Date Uploaded: Jun 09, 2014

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NAPETUL Loans For 400 Petty Traders

By D. Ignatius Roberts, LINA Cape Mount County Correspondent

ROBERTSPORT, June 9 (LINA) -The National Petty Traders Union of Liberia (NAPETUL) Grand Cape Mount County branch has announced the granting of loans to more than 400 petty traders in Robertsport, the provincial capital of the county.

NAPETUL County Coordinator, Sammy Dorley, told the Liberia News Agency Monday the Union’s head office in Monrovia has made available L$200,000 to the branch for the loan scheme.

Dorley said the funds were given to the Union by the Central of Bank of Liberia to help improve the petty trade sector in the county.

According to him, beneficiaries of the loan would be required to pay back within three months.

He explained that the repayment of the loans will encourage the administration of the Union to lobby for more funds to expand the scheme to the other parts of the county.

He said the failure of recipients to pay back the loans will lead to the shutting down of the loan scheme.

Mr. Dorley is therefore calling on would be recipients to be committed, honest and respect of the law, so that the administration will be in the position to provide more loans.

LINA DIR/TSS/PTK

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