The Liberia Enterprise Development Finance Company and the Overseas Private Investment Corporation on Friday signed a 20 Million United States dollars loan agreement in Monrovia.
The new facility agreement was signed after a careful examination of LEDFC’s performance over the years intended to lend to Liberian owned small and medium enterprises.
Speaking at the signing ceremony at the RLJ resort on the Roberts field highway, the President and Chief Executive Officer of Groupe Ndoum Dr. Papa Kwesi Ndoum described the signing as a significant boost to Liberian owned small and medium enterprises.
Dr. Ndoum noted that the ceremony is also a demonstration of the confidence OPIC have in the ability of LEDFC to contribute to the Liberian economy through MSE’s.
He challenged expected business Institutions in Liberia who are expected to benefit from the project to be focused and ensure the payment of their loan and interest in a timely and responsible manner to ensure LEDFC attract more loans.
The Liberia enterprise Development Finance Company is the only development finance company licensed by the Central Bank of Liberia and is a member of Groupe Ndoum, a multinational company with investments in Liberia.
LEDFC was established in 2007 to provide loans to Liberian owned small and medium enterprises and has invested more than 28 Million US dollars to over 500 SME’s and has created over 500 jobs in the Liberian economy.
