MASLOC Disburses Gh¢380,500 to 38 Groups In Kintampo

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As part of the government’s efforts to enhance livelihoods of the people of Ghana, particularly women, the Microfinance and Small Loans Centre (MASLOC) has organized a financial literacy training for Market women in Kintampo North; South, Techiman South, North, Nkoranza South and North Constituencies all in the BrongAhafo region.

The Market women were taken through various ways needed for them to access the MASLOC loans.

Officials of MASLOC educated the women on the types of loans being offered to customers, groups and Individuals.

The women were further advice to form trusted groups not less than 10 or more than 25 people to open an account at a bank with 3 persons as leaders before applying for the loan facility.

Interest on MASLOC loan according to the officials, is 2 percent saying beneficiaries would be contributing monthly for the period of 6 months.
MASLOC loans are given on non-partisan bases and the chunked of it, about 89 percent goes to women.

Meanwhile, 38 groups from Kintampo North, South, Techeman North, South, Nkoranza North, South and Wenchi in the BrongAhafo region received disbursements of Gh¢380,500 from MASLOC.

Speaking to beneficiaries, the Chief Executive Offer for MASLOC, Mrs. SedinaTamakloe- Attionu said the disbursement of the loan facilities was made possible as a result of the intervention from the First Lady who is always fighting for the betterment of Ghanaian women and the love she has for them.

She explained further that the aim of every government is to bring development to his country like other countries such as United States of America has been doing, hence the construction of roads, building of schools, hospitals, provision of water, electricity etc. by President John DramaniMahama and the governing NDC to the good people of Ghana.

Mrs. SedinaTamaloe- Attinu pointed out that if the government decides to give out monies to everybody’s pocket and forget about the developmental projects, where would people attend hospitals when the need arise, adding that if there is money in your pocket and roads are bad or there is no hospital to attend, the end result would be death.

According to her, the disbursement of loan facilities to women in the various regions forms part of MASLOC’s social interventions to empower Ghanaian women to be on their feet and support their families.

She entreated beneficiaries not to use the loan facilities for any other purposes including the buying of funeral or party cloths, but trade with it to expand their businesses and repay back as scheduled for others to also benefit.

She said the responsibilities on government is such that it cannot give loan facilities to every woman in the country and therefore, it is through the prompt repayment from beneficiaries that would pave way for others to benefit.

She assured of MASLOC preparedness to assist women who would apply for tricycles to enable them carry their produce to the market.

In another development, Mrs. Sedina Tamakloe -Attionu had fruitful interactions with the Queen Mothers in charge of the various products at Techiman market and explained to them, that President Mahama and the First Lady are taking steps to assist them.

She promise to disburse loan facilities to about 500 market women for a start, and latter attend to those the remaining since their numbers are so huge.

MASLOC Boss however, told the leaders to organize their members as well as groups that without their activities Ghanaians would go hungry.

The Queen mothers testified to the fact that they have worked in the market for years but have not heard such good news from any financial institution before as MASLOC has done and commended them of their low interest rate, saying they are of the firm beliefs that they would fulfill their promise.

Among the MASLOC officials who accompanied the CEO to the BrongAhafo Region for the financial literacy training and the disbursement include, Daniel Axim, MASLOC Head of Operations, Alhaji Aminu Mohammed, in charge of the Northern sector and Isaa Abdulai, Brong Ahafo Regional Manager.

Microfinance and Small Loans Centre (MASLOC) is a microfinance apex body responsible for implementing the Government of Ghana’s (GoG) microfinance programmes target at reducing poverty, creating jobs and wealth.

Over the years MASLOC has modestly established itself not only as a microfinance institution that disburses micro and small loans to the identifiable 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 collaborating institutions, to provide them with the required skills and knowledge in managing their businesses efficiently and effectively.

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