PFD in Liberia

In Liberia, PFD implements a micro-enterprise program, which provides loans to several hundred vulnerable households who seek to create greater self reliance for their families. Loan recipients are involved in a variety of income generating activities, including:

• processing of agricultural production to add value and enhance profits;
• improving storage after harvest in order to boost household profits;
• improving farm production by adding key inputs and;
• starting-up or expanding a kiosk or stall at a local market.     
The Liberia program expands on PFD’s successful micro and small enterprise development activities in Nigeria and in Bosnia and Herzegovina (BiH).  In those countries over the past ten years PFD has issued $9 million in 42,000 loans, with repayment rates on the loans exceeding 90%.   

 These programs have not only helped thousands of families improve their economic status, but have helped instill strong business planning and management skills and connected households and communities to other resources and opportunities. Since the majority of our loan recipients are women, the micro-enterprise program has also helped empower women and improve equality at the household level. PFD expects similar results in Liberia.  

 

PFD Local Partner 

PFD’s implementing partner in Liberia is Local Enterprise Assistance Program (LEAP), a leading, local microfinance institution (MFI), operating in seven counties in Liberia. LEAP seeks to assist vulnerable populations who have been unable to access formal banking institutions within Liberia.

 To learn more about LEAP, click here.