By Emmanuel Kamanda
The President of the University of Liberia, Dr. Layli Maparyan, has donated a check of 1 million Liberian dollars to strengthen the institution’s credit union, pledging continued support for employees facing financial hardship.
Half of the donation will be set aside for small emergency grants to help staff cover food, transportation, medical needs, and school fees for their children. The remaining L$500,000 will be invested in buying shares of the University of Liberia Credit Union (ULCU) to bolster its capitalization.
Dr. Maparyan announced the initiative on June 13 on the university’s Fendall campus at ceremonies marking the Third Annual General Meeting of the University of Liberia Credit Union, themed “From Savings to Investment: Unlocking Cooperative Potentials.” The initiative, she explained, responds to the economic challenges faced by the university’s lowest-paid employees.
