TMASCO Seeks US$175,000 Loan

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The president of the commercial Tricycles and Motorcycles Association (TMASCO), Kollie Koiyan is calling on the Central Bank of Liberia (CBL) and investors to empower the union with US$175,000 loan to purchase 50 tricycles.

He made the appeal on Saturday at a one day workshop organized by the union to educate its members on defensive driving by ensuring that tricycle operators minimize accidents in the country.

According to the TMASCO president, commercial tricycles will empower the unemployed to gain employment.

“These tricycles are very expensive and ordinary Liberians cannot afford to buy them and that’s why we are calling on Central Bank of Liberia (CBL) Governor Mills Jones to help us with the microfinance program. One of these tricycles costs US$3,500.”

He said tricycles have helped to create jobs and improve the livelihood of Liberians as well as provide commuters easy and cheaper fares to their destinations.

 “To succeed in the transport business, you must first be ready to invest your time and effort to make it work. Proper regulation is also very important especially if you are going to employ a driver to manage it for you,” he cautioned tricycle owners and operators.

He stressed the need for Liberians to get involved in business activities and thereby contribute to the growth of the country’s economy.

Mr. Koiyan observed that foreigners can help in promoting Liberia’s economy, but it is Liberians who must take over the business sector.

Business plays a major role in society by creating job opportunities for young people that leads to poverty reduction, Koiyan pointed out.

He suggested that “If we want Liberians to become big business people, the government must provide loans to support Liberian businesses.”

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