Gbarpolu County: Rep. Koiwood Launches L$4M Loan Scheme


Gbarpolu County – District Number One Representative Alfred Gayflor Koiwood has taken his developmental gestures beyond his district, to other parts of the county.

Report by Gerald C. Koinyeneh, [email protected]

Over the weekend, Koiwood launched a L$4 million loan scheme in Gbarnga-Gboketa, Bukomu District for villagers in that area.

Bukomu is located in electoral district number two, Gbarpolu County and is currently represented by Cllr. Kanio Wesso at the House of Representatives.

“This money is not intended for sharing but for residents to improve their lives,” Koiwood said. 

The locals have arranged themselves into a ‘Kukatornor Saving and Loan Club.’

Addressing townspeople, Rep. Koiwood said the amount will enable rural dwellers in the county improve on their farming and other agricultural activities.

The Gbarpolu County lawmaker also said the scheme a his own way of helping citizens of his county fit into the Coalition for Democratic Change government’s pro-poor economic policy.

He cautioned beneficiaries of the loan to be wise in its usage, pledging his continuous support to the process.

He further stated that his loan process in Gbarnga-Gboketa is among several other loan schemes previously lunched by him in other parts of the county.

The lawmaker also admonished beneficiaries to use proceeds from the loan to address some of their other problems, including paying school fees for their kids.

“I want to also see you distributing profit from this club within six month among yourselves and turn the amount over to others for the same loan and saving purpose. That will encourage other micro financial organizations to recommend you to the Central Bank of Liberia. I will serve as guarantor for you at any bank,” Koiwood assured.

The lawmaker at the same time broke grounds for the construction of a L$1 million town hall in Gungbo Town.

Gungbo Town is the headquarters of Bokomu District.

According to Koiwood, the construction of a town hall is intended as a better place where the citizens can meet and discuss their district’s problem.

He thanked the residents for voting for the Coalition; adding: “We will not let you people down; we will make sure that what is intended for this Bokomu District will be given to it.”

He called on residents of the district to hold together and work for the common good of the district and the county.

Also speaking, Bokomu District Development Superintendent Edwin E. Korpolu said the loan initiative would bring relief to residents of the areas.

Korpolu further maintained that the town hall is important because the population of the area has increased and the hut being used for gathering is not in a good condition for large gathering.

“It is a big proud to see a person leaving his district to come and help us. On behalf on the district along with my chiefs, we accept this development with our hearts,” Korpolu stated.

Supt. Korpolu called on citizens of the Gbarnga-Gboketa to use the funding received from the lawmaker for their personal developments.