New Kru Town Association In Americas Launches Micro-Finance Project

New Kru Town Association In Americas Launches Micro-Finance Project

In continuation of NEKTAA’s quest to improve the economic status of residents of the Borough of New Kru Town, sons and daughters of the Borough, who are residing in the Diaspora, have successfully launched its inaugural Micro-Finance Project.

New Kru Town is situated on the Bushrod Island, on the outskirt of Monrovia.

Beneficiaries of the first phase of the project are: five fishermen and seven market women who met the vetting criteria as permanent residents, long time engagement in business and good character in the community will receive US$500 as interest-freed Micro Loan payable in nine (9) months.

They are: Beatrice Nimley, Jartu S. Varney, Susanah Jlawon. : Mary Thompson and Ophelia Chea, The others are: Wellah G Lloyd , Musu Konneh, Joseph Toe, P. Nyantee Sieh, Toe B. Clarke, Lewis Giwlay and James Pyne.

Presenting the overview of the project in New Kru Town at the weekend, Madam Wanneh E. Botoe, Chairlady of the Micro-Finance Committee, explained that after the association completed the library project, they decided to embark on the micro-finance project that will undoubtedly enhance the businesses of the beneficiaries.

She stressed that the occasion is NEKTAA’s fulfillment of empowering residents of the densely populated community. The ceremony was held under the theme; “Lending A Hand To Uplift Market women and Fishermen in the Borough.

She expressed the hope the project would sustain itself and urged members and non- members to contribute to the project, adding it belongs to the people.

Mr. Thomas Wulah, President of NEKTAA, stated that he was delighted to be back home as his association continues to undertake meaningful projects in the Borough pointing out that every projects are being funded by contributions from the members.

According to him, Liberia is a post war country that is overwhelmed with huge challenges and as such, it is incumbent upon the government and the private sector to form partnership that will mitigate some of the challenges that the people are faced with on a daily basis.

Edward Forh, former Representative of District # 16 of Montserrado County launched the projects with a contribution to the Micro Finance Loan, including some attendants.

NEKTAA has won the admiration of residents of the Borough of New Kru Town because it has established a library, computer lab as well as the donation of assorted medical supplies to the Redemption Hospital and also the donation of copybooks and bags to needy students from selected schools in the Borough and its environs, including the provision of zinc, food, cooking utensils to fire victims who lost all their belongings as the result of fire outbreak last year.

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