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Hot Pepper Liberia > Blog > Business > New Financial Institution Opens Today
Business

New Financial Institution Opens Today

Hot Pepper
Last updated: May 7, 2025 3:00 pm
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The Modern Savings & Loans Microfinance Deposit-Taking Institution officially opens today, Wednesday, April 7, in Congo Town, Monrovia.

   The Modern Savings & Loans Microfinance Deposit-taking Institution, established by a group of Liberians, will provide microfinance saving and loan services to small-medium businesses, marketers and Liberians aimed at accelerating economic activities nationwide.

   Several business executives, heads of public and private institutions as well as senior government officials are expected to grace the opening ceremony in Congo Town, near the Ministerial Complex.

   The Chief Executive Officer, Chantell M. Kailondo, said the opening of the Modern Savings & Loans Microfinance Deposit-Taking Institution, which is a milestone achievement in Liberia, will establish other branches, aimed at stimulating economic activities nationwide.

   The media as well as the public has been invited to the opening ceremony.

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