MONROVIA, LIBERIA-The Liberia Bank for Development and Investment (LBDI) and its partner, Tilgent Pay, have spoken of plans to launch an affordable housing loan scheme for low-income earners.
The initiative is aimed at introducing Tilgent Pay as a prospective investor in the Infrastructure Sector of the country through the LBDI.
Tilgent Pay Vice President for Africa Region, Ian Fenwick, said:” The Company, in partnership with the LBDI, is to shortly invest in providing affordable housing loans to low-income earners.”
Mr. Fenwick emphasized that the Company will sponsor the mortgage for low-income earners through the LBDI to support their housing units and repay in twenty-five years.
In remarks, the LBDI Senior Vice President for Business Development and Investment, Angela Gerdau, said:” Talks are in the final stage and the launch is to be shortly before the end of the year.”
Madam Gerdau indicated that only the LBDI customers shall be eligible to benefit from the loan. According to the ELBC, the disclosure was made at the close of long-day awareness over the weekend in Thinkers Village Community, outside Monrovia.
By: Steven Dorbor