12 May 2014

Liberia: 'The Loan-Giver' - CBL's Jones' Visit Lures Hundreds in Buchanan

Buchanan — Hundreds of people over the weekend turned out to welcome the Executive Governor of Liberia's Central Bank, Dr. Mills Jones, to the port city of Buchanan, Grand Bassa County.

Dr. Jones, in less than a year, has enjoyed commendations and exaltation from many Liberian small business organizations, including the Liberia Marketing Association (LMA), the Liberia National Tailor Textile, Garment and Allied Workers Union of Liberia, Women in Cross Border Trade, Liberia Business Association (LIBA), National Petit Traders Union of Liberia (NAPETUL), and the Federation of Road Transport Union of Liberia (FRTUL) amongst others.

Dr. Jones' latest visit to Buchanan was at the invitation of the FRTUL and a local saving and credit organization. The two organizations collaborated to hold a program and Dr. Jones, who has defended government's micro finance loan program through the CBL was best suited to grace the occasion.

As was expected, hundreds of traders mostly women stood and cheered along the road for more than five hours before the arrival of Governor Jones.

One woman (marketer) standing by the road side told FrontPage Africa, it was her hope that the CBL Boss' visit attracts more loan to the LMA local branch, which will help grow her business because she didn't benefit from previous loans.

A member of a local saving and credit Union explained to FPA that they have strong confidence that Dr. Jones will help alleviate some of the constraints local businesses are facing through the provision of microloans.

For Dr. Jones, he used the occasion to caution the people against selling their loyalty or birth rights to politicians by voting for individuals who offered them money or material things. He urged them to vote people who will be accountable to them.

At the program, Dr. Jones also emphasized the importance of empowering teachers to prevent them from living a harsh life after retirement. His comments came as a result of numerous requests by the Liberia National Teachers Association for the CBL to provide loans for teachers.

The anticipation that the Executive Central Bank Governor could have made donations, pledges or announced another micro-loan scheme for these grass root organizations was unrealizable as Dr. Jones speeches only outlined some of the policy principles he probably believes in.

Dr. Jones has faced political tension from the Legislature over his Micro-Finance loan policy with speculations suggesting that he's seeking political relevance and fame with the 'country's money'.

The expectation of marketers in Buchanan on Saturday about how Dr. Jones can transform their lives by dishing out loans to them speaks volumes as it relates to how famous he's become over the past months and with his one eye on the Presidency in 2017, it is most likely that he becomes a household name amongst the grass rooters.

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