Home NewsLiberia Pres. orders delay in Red Light Marketers’ loan refund

Pres. orders delay in Red Light Marketers’ loan refund

by Francis Pelenah Jr,

MONROVIA, LIBERIA-President George Weah has authorized a delay in loan repayment for Red Light Marketers relocated at the new Omega Market.

This means that the relocated marketers now have additional three months to begin payment of their loan obligations to commercial banks and lending institutions.

The Executive Mansion said the move is in continuation of President Weah’s progressive policies intended to improve the wellbeing of marketers and the entire citizenry.

The relocation disrupted normal flow of business, which has impeded marketers’ commitment to settling loan obligations to lending institutions.

In a Central Bank of Liberia (CBL) mandate, Commercial banks and other licensed financial institutions are required to reschedule their loan collection exercise for the designated months beginning October 1, and ending December 31, 2021.

You may also like

Leave a Comment