MASLOC Cushions Accra Women With Loans

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As part of its measures to reduce poverty and empower women in their respective communities across the country to enable them be solvent, the Micro-finance and Small Loans Centre (MASLOC) under the Office of the President,has disbursed thousands of Ghana Cedis as small loans to assist women in the Greater Accra Region.

At Sowutuom in the Ga Central municipality first disbursement was made to four women groups.

The groups were; Unity Women Association which had Gh¢9,652.50, We Care Association also had Gh¢14,527.50, Anyah Nkosuo Kuo had Gh¢14,040.00 and God is Good got Gh¢9,061.50.

Traders from Dome-Kwabenya who also benefited included; Kwabenya Finger of God, which had Gh¢14,625.00, Kwabenya Virteous Ladies got Gh¢14,625.00, Kwabenya Peace Ladies had Gh¢14,527.00 and Kwabenya Royal Ladies got Gh¢14,625.00.

Chorkor Fish Processes Traders Association made up of 4 groups receive a cheque of Gh¢65,000.00

Speaking at ceremony to disburse the loans in Accra, the Chief Executive Officer of Micro -finance and Small Loans Center, Mrs. Sedina Tamakloe-Attionu disclosed that MASLOC system of giving loans is one of the best and entreated the women to make use of the loan facilities in other to repay on time for others to also benefit.

She said President Mahama has the welfare of Ghanaian women at heart and therefore would do everything to enpower them.

Mrs. Sedina Tamakloe however, pointed out that MASLOC monies are not for free, saying women all over the country are benefiting but because of limited funds for disbursement and the centre cannot serve all women at the same time.

According to her, it is incumbent upon the privilegeones who have benefited to repay on time for others to also benefit.

MASLOC Head of Operations, Mr. Daniel Axim on his part said his outfit charges an interest of 2 percent on all loans as compared to other financial institutions in the country.

He indicated that beneficiaries of the loans were assessedby officials of the centre before being considered.

MASLOC is a micro-finance apex body responsible for implementing the Government of Ghana’s micro-finance programmes targeted at reducing poverty, creating jobs and wealth he said.

MASLOC, over the years has established itself not only as a microfinance institution that disburses micro and small loans to the identified poor in the various sectors of the Ghanaian economy, but also provides business advisory services, training and capacity building for small and medium scale enterprises (SMEs) as well as other collaborating institutions, to provide them with the required skills and knowledge in managing their businesses efficiently and effectively.

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