- Search Results
 
 
CBL Boosts Voluntary Savings, Loan Bodies
Date Uploaded: Feb 23, 2015

Central Bank of Liberia (CBL) Boss J. Mill Jones

 

 

CBL Boosts Voluntary Savings, Loan Bodies

By Winnie Dixon/LINA

MONROVIA, February 23 (LINA) - The Central Bank of Liberia (CBL) has strengthened voluntary savings and loan bodies across the country through facilitating the setting up of administrative structures and national leadership.

Voluntary savings and loan associations serve a substantial role in communities where they also give social support to members.

This was disclosed in the annual report of CBL covering the period January 1 to December 31, 2014.

According to the report, the leadership has among its priorities, encouraged members of trade groups and professional categories to become integrated within the formal financial system.

The report said the CBL arranged non-collateral based soft loans for the various associations through the Loan Extension and Availability Facility (LEAF). Soft loans are loans which have low interest rates and flexible time for re-payment.

Meanwhile, according to the report, the CBL continued its partnership with the Liberian Business Association providing access to finance for its members in conjunction with three local banks.

LINA

latest headlines
‘Poverty Rate Still High In Africa,’ Says WB Lead Economist
World Bank Lead Economist and the author of the Africa’s Pulse Report, Punam Chuhan-Pole, has observed that with poverty rates still high in th ...more
African Media Group Condemns Killing Of Nigerian Journalist
The Media Foundation for West Africa (MFWA) says it has received with shock reports that Famous Giobaro, a desk editor with the state-owned Glory ...more
LNP Assures Female Contestants Of Full Protection
Police Inspector General Gregory Coleman has assured women vying in the October elections of full police protection during their campaign process ...more
WFP Official Urges Joint Efforts For ‘Zero Hunger’ Goal In Liberia
The World Food Program (WFP) Regional Director for West and Central Africa, Abdou Dieng, has called for collaborative efforts by Liberians to ach ...more
Apostle Suleman Coming To Liberia Again
The President and Founder of the Nigeria-based Omega Fire Ministries (OFM) international is due in the country for a two-day crusade beginning Ma ...more
Police Chief Nudges Youth To Embrace Peace
Police Inspector-General Gregory Coleman has called on Liberian youths to do away with violence and embrace positive thoughts and actions for the ...more
 
All rights reserved © 2013 - 2014
Liberia News Agency