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EDIFY gives over L$1m school loan

By James Akoi

(mylbsonline.com/Liberia)-A U.S. based non-governmental organization has presented over 1,000000 Liberian Dollars (L$1m) as loan to five schools in Liberia.

According to EDIFY (a charitable foundation), the loan is intended to help improve the learning environment at the selected schools.

The selected schools include, the F-Sham of Faith Girls Academy, David Lombel Memorial High School, Abundant Grace Daycare and Elementary school, WAT Daycare Elementary and Junior High School and the Covenant Nurturing Center.

The Foundation for Women Chief Education Officer (CEO), Emily Peal said: “Our organization, in collaboration with EDIFY, launched the school program with an initial amount of 25-thousand United States Dollars.”

Madam Peal also said: “To benefit, school authorities must prove that the properties (lands) on which they are operating are theirs, and commit themselves how they will pay back the loan for others to benefit.”

Vice President, Joseph Boakai, said: “The loan initiative will improve the learning environment and enhance students’ academic performances.”

“The exercise will also re-enforce move by government to improve the education of the Liberian child,” Vice President Boakai added.

The Liberian Vice President made the remarks at the launch of the school loan program at the Abundant Grace Daycare and Elementary School in Paynesville, outside Monrovia.

The Foundation for Women is currently providing micro loans to market women in Liberia.

CEO Peal noted: “We started with five borrowers in Montserrado County, now we are in 14 counties, excluding Gbarpolu. The Foundation will be in Gbarpolu before the end of 2013.”

“We have diverted our attention from giving loans to market women to schools to enable them get qualified teachers and engage into other activities to improve the learning standards,” the group also added.

The group also noted: “Over 90% of market women and other creditors have already paid back their loans.”

 


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