Monrovia, Liberia – In a major push to strengthen Liberia’s informal economy, the political leader of the Liberia National Union (LINU), Clarence Moniba, through The Moniba Foundation, has launched a L$25 million zero-interest loan initiative designed to empower market women, petty traders, and small business owners across the country.
The program seeks to provide much-needed financial support to thousands of Liberians operating small-scale businesses, many of whom continue to struggle with limited access to affordable financing and institutional assistance.
Speaking during the launch, Dr. Moniba described market women and petty traders as the true engines of Liberia’s local economy, emphasizing that their daily sacrifices continue to sustain families and communities despite harsh economic conditions.
“Market women and petty traders are the heartbeat of our economy. They are working every day to keep food on the tables of Liberian families and keep our local markets functioning. This initiative is about standing with them, investing in their dreams, and helping them expand their businesses,” Dr. Moniba stated.
Under the initiative, beneficiary groups that successfully repay their loans and provide impact assessment reports within six months will receive an additional 10 percent financial boost and become eligible for larger loan opportunities aimed at further business expansion.
The Foundation disclosed that more than L$1 million has already been distributed to five beneficiary groups in Monrovia, Paynesville, and Kakata, with plans underway to extend the program to additional communities across Liberia in the coming months.
Officials of The Moniba Foundation said the initiative reflects the organization’s broader commitment to promoting economic empowerment, grassroots development, and financial inclusion, particularly for women and informal sector workers who have long been excluded from traditional banking and lending systems.
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