MASLOC Supports June 3 Disaster Victims With Loans

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Disburses GH¢1, 443,000 Loan To Restart Business

By Alfred Dogbey

Officials of Micro-Finance and Small Loans Center (MASLOC), led by their boss, Sedina Christine Attionu Tamakloe, have honoured the promise made by the First Lady, Lordina Mahama, to victims of June 3 twin disaster, by presenting loan facility to the affected individuals.

The disbursement, which was done last Wednesday, saw the first batch of the loan in the sum of whopping GH¢1, 443,000 presented to the victims who are mainly vulnerable market women from the Mallam, Odawna and Makola 31st December Market in Accra, whose lost their wares during the flood..

The Chief Executive Officer (CEO) of MASLOC, who personally distributed the cheques to the jubilant market women at each market place visited, said the offer was in fulfillment of the promise made by First Lady, who defied the rain and visited the markets to sympathize with them immediately after the disaster.

The beneficiaries, who were put into groups at various markets include, Mallam Market ‘A and B’, Odawna, Novotel 1 and 2, Odawna Shopping Mall, Odawna Peace Market and Makola 31st December Market.

A total of thousand one hundred and sixteen victims identified from the three markets, would receive the moneys to restart their businesses.

Madam Attionu Tamakloe, has also disclosed that, due to the peculiar nature of the disaster and how it has affected wares of the women, arrangement has been made and management is giving the beneficiaries two-month grace period for them to relax, before commencing repayment, instead of the usual one month grace period.

She explained that, the decision to make the loan very flexible for the victims was because, most of them have lost almost everything, and therefore, the need to have patience for them to restart their businesses in order to recover their loss.

According to the CEO, management itself was devastated by the extent of destruction caused by the disaster, hence the move to speedily respond to the First Lady’s call as quickly as possible.

The MACLOC boss, who was accompanied by the President of Ghana Markets Association, Ms Mercy Afrowa Needjan, cautioned the beneficiaries that, the loan was not for free, therefore, everyone must endeavor to use the money for its purpose and refund it as early as possible to meet the stipulated deadline.

Right on the spot, the market women were introduced to Multibility Micro-finance, who are working in partnership with MASLOC, to immediately register and create
savings account for the beneficiaries to be paying their refund through it bit by bit.

Madam Mercy Needjan on her part, also expressed deep appreciation to Mrs. Lordina Mahama and management of MASLOC for the intervention, but resolutely warned her colleagues to payback on time, since the money was not a gift, but a loan.

He urged everyone to honour and respect the deadline fixed for the repayment.

The CEO of MASLOC, was accompanied by the Head of Operation, Mr. Daniel Axim, the Head of Human Resource, Greater Accra area Manager, Media Relation Manager, Fadila Mohammed and other officers, as well as a member of the Board, Victoria Kumah Mintah.

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