Some commercial banks experience serious financial problems as a consequence of non-performing loans, a situation that has led to stringent measures in securing loans, with banks and micro finance institutions demanding valuable collateral which in many instances the average Liberian marketer cannot afford to provide. Access to credit has therefore become a huge challenge for Liberians but there are few who believe that in order to repay loans, commitment is required.
"There were many good things we learned that enlightened our minds of small business management. We learn about customer relationship management, which was very important for us because it is one of our shortcomings involved in businesses today," says
Nora, is a student studying for a Master degree at the
"We learn at times, when you go to some businesses, you see customers in bitter arguments with business owners, just because some sellers are not able to handle their customers. So, we were taught some life professional skills to apply in our businesses in order to manage our customers with ease."
Nora, who said commitment is the crucial tool to micro loan, was able to get
"I will be paying
Catching up with Nora on her way from the Red Light Market in Paynesville, she disclosed that she and others learned research and steps necessary before starting a business, from Youth Crime Watch Liberia about the market.
"When we the business people just enter an unknown environment and start business, we find out that the business will collapse at the end result, because we do not even know if the people will be in need of the services we are providing to them. So you need to know the business environment before you move in to start a business."
The 27 year old woman, who also is a house wife, holds a BSc degree in
"This skill training has really imparted my life because the business really helps me, pay my transportation to and from school, because I have to spend up to LD$ 140.00 every day to transport myself to school. My level of achievement has helped me cope with some of my home problems as well."
"Women are trained in business entrepreneurial skills for ten weeks and given a micro loan, after they graduate. We give out funds to women, ranging from
"We train young people how to report crime in their schools and communities to the police. We work along with schools and communities to select young people who will serve as leaders of the Youth Crime Program. And we train them at the Youth Crime Watch Office."
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