Rep. Koiwood Launches LRD4M Loan Scheme

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

Over the weekend, Koiwood launched a four million Liberian dollar (LRD4Million) loan scheme in Gbarnga-Gboketa, Bukomu District for villagers within 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.

“The only way this club can be successful is by putting your faith in God. This money is not intended for sharing, but for members to improve their lives,” Koiwood said.

The locals have arranged themselves into an organization called Kukatornor Saving and Loan Club.

Addressing cross section of residents during the launch, Representative Koiwood said the amount would enable rural dwellers in the county improve on their farming and other agriculture activities.

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

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

Koiwood also noted that the loan process in Gbarnga-Gboketa is among several other loan schemes previously lunched by him in other parts of the county.

He promised to take the initiative to other parts of the county as his way of contributing to agriculture growth in Gbarpolu County.

The lawmaker has also admonished beneficiaries to use proceeds from the loan to address difficulties of paying school fees for their kids.

“I Want to see you distributing profit from this club within six months 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 and I will serve as guarantor for you at any bank,” Koiwood noted.

Representative Koiwood has at the same time broken ground for the construction of a One Million Liberian Dollars Town Hall in Gungbo’s Town, Gbarpolu County.

Gungbo Town is the headquarters of Bokomu District in Gbarpolu County.

Koiwood said the construction of a town hall in the area is meant to address the citizens’ quest for a modern facility to carryout meetings and other occasions.

“Let me say thanks to the people of this district for being confidence in the CDC. We will not let you people down, we will make sure that what is intended for this Bokomu District will be given to it,” Koiwood averred.

“So, I hereby break ground for the construction of a one million Liberian dollars modern town hall in Gungbo’s Town for all of your meetings and conferences. Election is finished and we only have Gborpolu County as one camp, so let all of us hold together and work for the common good of this county.”

Speaking on behalf of the two towns, Bokomu District Development Superintendent, Edwin E. Korpolu described the gestures as initiatives that would bring relief to residents of the two locals.

Korpolu further maintained that the Town Hall is important because the population of the area has increase 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 of the district along with my chiefs, we accept this development with our hearts,” Korpolu asserted.

Superintendent Korpolu however called on citizens of the Gbarnga-Gboketa to use the funding received from Representative Koiwood for their personal developments.

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