FREQUENTLY ASKED QUESTIONS

How to Apply for LTD' SERVICES?

How to Apply for LTD' PROGRAMS?

To apply for Liberia Towards Development (LTD) programs, follow these steps:
Eligibility Check:
  • Ensure you meet the eligibility criteria for LTD programs, includes:
  1. Age 18 and up.
  2. Be serious

LTD' programs provide support to local Liberians who have the potential for business development and self-reliance.
Application Process:
  • Visit our official website or Contact Us directly for detailed information on the application process.
  • Gather necessary documents, including identification, proof of residence, and any relevant business plans or proposals.

Submit Application:
  • Complete the application form, either online or in person.
  • Submit your application along with the required documents.

Review and Approval:
  • An LTD' staff will review your application.
If approved, you’ll receive further instructions regarding the next steps.If not approved, an LTD' staff will contact you.
Follow-Up:
  • Stay informed about the progress of your application.
  • Attend any interviews or meetings as requested by an LTD' staff.

Contact Information:

LTD SERVICES vs BANK SERVICES?

The primary distinction between LTD’s services and bank services lies in their underwriting processes and guidelines. LTD’s services are typically less stringent, with fewer underwriting requirements compared to bank services, which are often asset-based.With LTD, applicants are not bound by income verification, providing a more flexible approach. Furthermore, LTD can expedite the process, closing an approved application within 7-10 days, a timeline that is typically faster than traditional banks. This makes LTD’s services a potentially more efficient and accessible option for many individuals.

What is a Collateral?

Collateral is an item of value pledged to secure a loan. Collateral reduces the risk for LTD.
How Collateral Works?
Before LTD issues you a loan, we want to know you have the ability to repay it. That's we require some form of security. This security is called collateral, which minimizes the risk for LTD by ensuring that you (the borrower) keeps up with your financial obligation. 
Repaying your loan:You (the borrower) will have to repay the loan on time.
Don't Repaying your loan:If you (borrower) defaults on the loan, you stand to lose the items pledged as collateral. 
For example, you use your land or car as a collateral and you refuse to repay the loan, LTD will seize the collateral and sell it, applying the money it gets to the unpaid balance of the loan.
IMPORTANT:If you take out a land loan, your land becomes the collateral. If you take out a car loan, then the car is the collateral for the loan.
What is the type of collateral LTD accept?LTD accept anything valuable items such as land, property, personal assets, phone or anything else, can be used to secure a collateralized personal loan.
LTD loans secured by collateral are typically available at substantially lower interest rates than unsecured loans. 

Why CHOOSE LTD?

Through persistence and patience, LTD is committed to making a significant amount of funds available to deserving and qualified Liberians. This commitment is inclusive and extends to all individuals, regardless of their gender, age, education, health status, tribe, language, race, occupation, sexual orientation, beliefs, demographic, and so on. LTD believes in equal opportunity for all. 

Who we serve?

We lend money to developers (women/men) in rural and urban areas in Liberia, West Africa. For example, Hawa (a developer) may be smart and capable of running a small family farm, but she lacks the resources money to get started. A small sum if money may buy her enough for a few animals, which she can the raise to provide for her family. She may us the milk from goats or eggs from chicken ot both nourish her family and sell to other in her community.
Lending to young developers (go-getter) who lack job or financial resources that they need to get a conventional loan.

Farming/Agriculture Secure the investments, loans, and finances you need to expand your farming business—guaranteed and hassle-free.

Businesses/Markets We work tirelessly and closely with businesses, markets, mining operations, and more, regardless of their size.

Entrepreneurs/Young Go-Getters No matter your ideas or objectives, we collaborate with young, ambitious individuals eager to make their mark as entrepreneurs.

Commercial Equipment Our experienced staff can assist you in securing funds to purchase or lease commercial equipment.

Land/Property We offer financing and investment opportunities for lands and properties, including houses and apartments, that align with our guidelines and policies.

Contractors/Educators We appreciate the efforts of our educators and contractors and are ready to provide the necessary funds to help them realize their projects and plans.


How we loan?

LTD services screen each developer and create detailed contracts (No hidden fees) about each loan . We recommend an in-person meeting as a way of getting to know our developers. We ask about developers’ business plan (if none, we are wiling to still listen) and look to see how much effort went into developers’ model, including determination and goals.

What are LTD visions?

Liberia Towards Development (LTD) envisions a future where Liberia experiences sustainable growth, self-reliance, and prosperity. Let’s delve into the key aspects of this vision:
  • Inclusive Process and Realistic Planning:
LTD has won acclaim for its inclusive approach and practical planning.
Liberia faces challenges, but the vision aims to direct resources toward priority areas
How Does LTD Provide Its Services?
LTD conducts a thorough screening of applicants prior to approval. This process involves the creation of comprehensive contracts that clearly outline the required services, ensuring there are no hidden fees.
In addition, LTD inquires about the applicants’ plans. Even in the absence of a plan, LTD remains attentive and receptive to the applicants’ needs. The company evaluates the amount of effort that the applicants have invested in their plans, taking into account their determinations, directions, and goals.
LTD SERVICES' Screening Process:
  • Application Review: 
The process begins with a thorough review of the application to ensure that the applicant meets the basic requirements for the service.
  • Background Check: 
This could involve checking the applicant’s credit history, criminal record, and other relevant details. This is done to ensure the applicant’s reliability and integrity.
  • Interview: 
The applicant may be interviewed to assess their needs, goals, and suitability for the service. This is also an opportunity for the company to answer any questions the applicant might have.
  • Plan Evaluation: 
If the applicant has a plan, LTD evaluates the effort that went into it, including the applicant’s determinations, directions, and goals. This helps LTD understand the applicant’s level of commitment and seriousness about their plans.
  • Contract Creation: 
Once the applicant is approved, a detailed contract is created. This contract outlines the services that will be provided, the costs involved, and other important details. LTD ensures there are no hidden fees in the contract.
  • Service Provision: 
After the contract is signed, LTD begins providing the agreed-upon services.
What are some common reasons for application rejection?
There could be several reasons why an application might be rejected during the screening process. Here are some common ones:
  1. Incomplete Application: If the application is not fully completed or if required documents are missing, it could lead to a rejection.
  2. Doesn’t Meet Basic Requirements: Each service has its own set of basic requirements. If the applicant does not meet these, their application may be rejected.
  3. Negative Background Check: If the background check reveals issues such as a poor credit history, criminal record, or other red flags, it could result in a rejection.
  4. Unsatisfactory Interview: If the applicant does not perform well in the interview or if there are concerns about their suitability for the service, it could lead to a rejection.
  5. Lack of a Plan or Poorly Formulated Plan: If the applicant does not have a plan or if their plan lacks effort or clarity, it could negatively impact their application.
  6. Financial Instability: If the applicant does not have the financial means to afford the service, their application may be rejected.
Remember, these are general reasons and the actual reasons at LTD may be different. For specific reasons pertaining to LTD, it would be best to contact them directly. 

When LTD was founded?

In 2016, Mr. Lartin S. Konneh II and Mr. Lobo N. Marwieh engaged in discussions about Liberian self-sufficiency and competitiveness. Inspired by their commitment to a prosperous future, Mr. Lartin founded LIBERIA TOWARDS DEVELOPMENT (LTD) two years later—on January 1, 2018 as a private company.

How can individuals get involved in supporting LTD's work?

Liberia Towards Development (LTD) provides opportunities for individuals to support its impactful work in Liberia. Here’s how you can get involved:
Investments: LTD offers investment opportunities for those who want to contribute to Liberia’s economic growth. By investing, you can actively participate in creating positive change.
Loans: If you need financial support for your business or personal endeavors, consider applying for loans through LTD. These loans empower Liberians to pursue their goals.
Market Women Program: LTD’s initiative focuses on empowering women in markets. Supporting this program can uplift local communities and promote economic self-reliance.
Young Go-Getters: Encourage young Liberians with potential to engage with LTD. Mentorship, guidance, and financial support can make a significant difference in their lives.
To learn more or get involved, you can reach out to us at Info@LiberiaTowardsDevelopment.com. 
Together, we can contribute to a self-reliance Liberia for a better future!
Questions/Concerns, please email info@LiberiaTowardsDevelopment.com