Reducing Poverty With Loans & Tricycles
By Alfred Dogbey
Management of the Micro-finance and Small Loans Center (MASLOC), has gone to the aid of vulnerable petty traders in the Bimbilla, Yendi Districts and its environs, whose businesses have been affected by the recent rainstorm that hit the Northern Region.
About 500 victims, mainly women from ten deprived communities, have been identified by the officials of MASLOC, and after vigorous assessments were made during a three-day intensive working tour, which started last Tuesday and ended on Thursday.
The high-powered MASLOC delegation, was led by its Chief Executive Officer (CEO), Mrs. Sedina Christine Attionu-Tamakloe, the Head of Operation, Mr. Axim, as well as the Northern Sector Manager, Alhaji Anin.
Mrs. Attionu-Tamakloe, said she was moved by the plight of the women, who lost largely their petty businesses and farming activities, as a result of the heavy downpour.
Speaking with lots of emotions after holding meetings at different communities with the victims, Madam Sedina, described the situation of the women as “very dire and desolate”, and hence the need to support them to restore their trading activities. She assured the women, her outfit would cushion them with the little resources available.
Communities under the Bimbilla District that were hit by the storm include; Bimbilla, Lanja, Bincheratanga, Lepusi, Nanumba and others.
Madam Sedina, emphasized that MASLOC remained a non-political institution, and urged small scale businesses, especially market women and others to apply for the facility to enable them expand their businesses and reduce poverty.
The MASLOC boss and her team who were received in the region by the Deputy Northern Regional Minister, Alhaji A.B.A Fuseini, also disbursed GH¢159, 400.00 as loan facilities to thirteen women groups. A total of 325 beneficiaries makeup the group. They are to use the cash as start-up capital.
The team also presented over 30 brand new tricycles to some unionized youth groups in Tamale, who were into motor-transport business. The tricycles were received by the leader of the group, Naizer Abdul Mununi, in the presence of the beneficiaries.
On day one of the hectic tour, the team started its work from Tamale, moved to Damongo and proceeded to Bole, where the team ended it work, and returned to Tamale.
A sum of GH¢27, 800.00, was also disbursed to two women groups in Damongo. They are, Akunatu Women Group and Boresa Women Group, they got GH¢17, 100 and GH¢10, 700.00 respectively.
At Bole, two women group, Abore Bi Sutura A and B, were supported with GH¢8, 400.00 and GH¢12, 200.00 in that order with firm assurance that the team would return and support the rest.
The team also disbursed a whopping amount of GH¢28, 700.00 to Nyebiyona Women Group, as well as Matiti Women at Yendi.
The beneficiaries were mostly traders who were into farming, shear-butter extraction, rice processing, buying and selling of yams and other related trading activities.
The CEO of MASLOC, cautioned the beneficiaries that the Center’s recovery rate was not encouraging, therefore, tasked them to do well and pay back on time so that, others whose applications are pending, can also get the opportunity and benefit.
Leaderships of the beneficiary groups, commended MASLOC for its operation and support to small scale businesses in the Northern Region, and appealed to management that more traders in the region, would also like to benefit from the facility.
Meanwhile, the team has also visited the Upper East and Upper West regions, where they disbursed funds to other people.
The team, will later this week move to the Volta Region to continue it outreach programme.