Bishop Nimely Jacobkly Donyen, Head of the Independent Catholic Church in Liberia (ICCL) has again given loans to marketers both in Liberian and United States Dollars.
The recipients are Kpelleh Town Junction Market, L$726, 000; Up-Town Market, L$484,000; and Dorrobo & Gbanken Marketing Association of Monrovia, L$162, 800.00 plus US$770.00.
Others are Peace City Market, L$338,800; Palm Bush Market, L$220, 000; Jlepo Marketing Association of Monrovia, L$122,000; Pepper Wlue Town Market, L$107,760.00 and Cheerful Givers High School Parents Teachers Association (PTA) Savings Club, L$789,000.
Also, receiving were the Mount Barclay Market L$113,740.00 and Kpainwin Community Market, L$83,175.00.
Speaking during the distribution of the monies, Bishop Donyen said the sum of the loan is L$3, 304, 375.00 plus US$770 stating that the gesture is the continuation of the micro loan that they’ve been receiving from him.
He told the marketers at Red Hill Community, Electoral District #2, Montserrado County during the weekend that the initial sum of the loan was L$600,000 which he said the amount has increased to L$3,304,375.00 and US$770.00.
Bishop Donyen is therefore urging the recipients (marketer) of the loans who seem to be defaulting on their payment to double their efforts in meeting their obligations in time.
“Marketers stand to benefit US$3,000 increment relative in the total loan after 90 days and US$12,000.00 annually so you need to be focused when it comes to executing your portion of the obligation,” Bishop Donyen noted.
He however commended 3 market groups, Kpelleh Town Junction Market, Up-Town Johnsonville Central Market and the Palm Bush Markets for their performance in repayment of the loans that motivated donors to have seventh disbursement of the loans possible.
He then praised the Compassion for Life for being the chief sponsor of all the humanitarian activities that he has been carrying out in Liberia.
He stated that Compassion for Life has built 10 market structures in Montserrado County, and had also undertaken several projects like community roads rehabilitation, amongst developmental projects.
“We have provided health related support in the fight against Ebola and covid19, water, sanitation, foods amongst others,” the Independent Catholic Priest stressed.
Bishop Donyen earnestly promised Electoral District #2, residents that by December, 2024, every community will benefit from pipe borne water and electricity, adding, “that if the government does not have the funding he will lobby outside.”
In response to the gesture, Roseline N’gakpe, Superintendent of the Kpelle Town Junction Market expressed gratitude to Bishop Donyen and the Compassion for Life for the loans which are improving their businesses.
She said that 58 marketers who were doing business at the Red-light Market but are now relocated to Kpelle Town Market also benefitted from the loans, asserting that they are also elated for the new marketing building that is presently under construction by the Bishop.
“This initiative is laudable because it will create space for our colleagues who have left the Red Light Market due to its closure to do their businesses,” the Superintendent averred.
N’gakpe noted that the loans had improved many of their fellow marketers as their capital has increased while others have even become suppliers.
Commenting also was Cecilia Kortie, Superintendent Up-Town Johnsonville Central Market showered praises on Bishop Donyen and his partners for always identifying with them saying that the Bishop carried out sanitation work at their market.
“When our market was overwhelmed by stockpile of garbage that polluted the community months back, the Clergyman brought a yellow machine and cleaned the entire surrounding so, he has proven to be our permanent father,” Madam Kortie indicated.
The Superintendent further pointed out that they are under obligation to reciprocate his philanthropic gestures at all times.