On September 18, 2015 in Suakoko, Bong County, the USAID Food and Enterprise Development Program (USAID FED) in collaboration with the Ministry of Agriculture (MoA) will be distributing 49 tuk tuk’s worth US$147,000 to Liberian youth entrepreneurs under a cost share arrangement with 50% borne by the youth. This event will begin at 11:00am.
USAID FED has therefore identified 49 interested youth in Montserrado and Margibi, Bong, Nimba, Grand Bassa Counties who are currently engaged in to some form of transport activities to start a new business that would provide fee based transportation in the rice and cassava value chain. USAID FED will provide training on business management and also help these youth enterprises access loans for the improvement of their tuk tuk businesses. In addition, the 49 youth (20 in rice value chain and 29 in cassava) will bear the cost to meet the operational and maintenance costs as well as pay 50% as part of their cost share arrangement.
The 3 wheel tuk tuk’s for the youth enterprises will be distributed to the following Counties: Montserrado 9, Lofa 10, Bong 10, Grand Bassa 10, Margibi 10). The 3 wheel tuk tuk’s have a capacity to carry 1,500 kilograms when fully loaded. Each youth was also provided with a tool kit, helmet and other accessories to maintain the tuk tuk’s.
This initiative aims at creating employment opportunities for youth in Liberia’s agriculture sector and to promote sustainable provision of mechanized services for transporting cassava and rice from the farm gate to the market to be sold.