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National Credit Union to open forth Cash House

Mulbah Kessellie/Benjamin S. Taingay
( L-R) The Liberia Credit Union National Association Board Chair, Save J. Bivie and Managing Director, Yarkpazuo M. Gbvsiwoi
( L-R) The Liberia Credit Union National Association Board Chair, Save J. Bivie and Managing Director, Yarkpazuo M. Gbvsiwoi

( 19, 2015)-The Liberia Credit Union National Association (L-CUNA) says it will open its forth Credit Union’s Cash House in Tubmanburg, Bomi County soon.

According to L-CUNA Deputy Director-General, Alphonso Korma, Liberia is divided into 4-regions with each region being provided a Cash House.

Mr. Kromah also said the purpose of the Cash House is to provide the association’s regional members easy access to saving and loan opportunities.

He further noted that L-CUNA, through its regional facilities, will also provide training opportunities for its members throughout Liberia under its regional arrangements.

Deputy Director-General Korma made the disclosure Monday, May 18, 2015 at L-CUNA’s Head Office in the Red-Light Community in Paynesville.

He emphasized his organization’s commitment to helping to improve the social and economic conditions of Liberian entrepreneurs.
Mr. Korma said the 4-regions comprise the 15 sub-political divisions of the country.

He named Region-1 as Bomi, Gbarpolu, Grand Cape Mount and Montserrado Counties, Region-2 as Nimba, Bong, Lofa and Margibi Counties, Region-3 as Grand Bassa, Rivercess, and Sinoe Counties, and Region-4 as Grand Gedeh, Maryland, Grand Kru and River Gee Counties. 

The Deputy Director-General told reporters that LCUNA is planning to hold its Annual Assembly to elect new members of the Association’s Board of Directors to take over the Leadership of the epic body of Credit Unions in Liberia.

It was established the 1960s through legislative enactment to coordinate local credit union activities and village saving association.

Mr. Korma spoke of cordial relationship between LCUNA and the World Council of Credit Unions (WOCUU).

At the same time, Mr. Korma is commending President Ellen Johnson-Sirleaf for creating favorable business environment for Liberians interested in doing business.

He said such environment has given Liberians at all levels the opportunity to contribute towards the country’s economic recovery agenda and towards improving their livelihoods.

The Association’s Deputy Director-General made specific reference to Liberia’s recent victory in the war against Ebola that stalled all business activities throughout the country.



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