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By David S. Menjor
The Liberian Enterprise Development Finance Company (LEDFC), following a performance assessment of its operations by the Overseas Private Investment Corporation (OPIC), has won a chance, for the second time in a row to receive US$20 million for lending. The announcement was made by Dr. Papa Kwesi Ndoum, President and chief executive officer (CEO) of Group Ndoum, the parent company of LEDFC.
According to Dr. Ndoum, the money will be used to lend to Liberian-owned small and medium enterprises (SMEs) and it is hoped that an additional US$16 million will come from other sources (not named) to increase the lending pot to US$36 million. Read more…
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