Targets 2,000 loans in 2020
The Management of the Bukonjadeh Group of Companies Incorporated (BUGCI) says that as of December 31, 2017, it had disbursed affordable loans to nearly 533 civil servants amounting to about US$300,000 since its inception in 2008.
BUGCI is a private initiative that offers interest rates to public service workers, ranging from 17% – 25%
Elton Datee Johns, the Chief Executive Officer (CEO) and President of BUGCI, said the civil servants are cost-effectively and thankfully benefiting from the loans.
The 533 civil servants are from four government institutions including the Legislature, National Bureau of Concession (NBC), the Governance Commission (GC), and the Liberia Anti-Corruption Commission (LACC).
There are testimonies that over 300 public servants, through BUGCI, have purchased lands and vehicles and constructed houses and established businesses, among others.
Founded in 2008, BUGCI boss Johns said as part of its corporate social responsibility during the festive season in December it freely handed out half-bags of rice to customers as a way of “giving back to them.”
He said during the independence celebration (in July), BUGCI handed out alcoholic and non-alcoholic beverages to its clients, whereas the BUGCI anniversary is normally celebrated through a sporting tournament that is climaxed with in-door programs.