By Cecil Mensah
The Chief Executive Officer (CEO) of Micro Finance and Small Loans Centre (MASLOC), Sedina Tamakloe-Attionu, has dispelled the widely held notion that funds disbursed by the centre are meant as free cash to supporters of the ruling political party.
She explained that the funds in the coffers of the centre, were to enhance the livelihood of Ghanaians, through poverty alleviation, irrespective of the party affiliation of its beneficiaries.
She said, the fund established under the Office of the President, was to support people who needed loans to improve upon their businesses, but must paid back with interest, because it is a revolving fund.
Mrs. Attionu-Tamakloe, gave an insight in the operations of the fund last Tuesday, at a ceremony to present fifteen brand new Geely saloon cars to be used as commercial vehicles by the Western Regional Ghana Private Roads and Transport Union (GPRTU), at the Cantonments office of the Center.
The MASLOC boss and some board members namely; Mr. Ewuti Mensah, Hajia Sinare, Mr. Pius Austin, Afi Morro and the Board Chairman Col. (RTD) Karku Kosah used the occasion to interact with the media.
She noted that the centre over the years has experienced some bottlenecks with its debt recovery, but things have now changed for the better with the centre now recording a whopping 67 percent of its debt recovery.
This she said was made possible through massive education of beneficiaries on the operations of MASLOC.
She disclosed that come next year, MASLOC would start some innovative ways of disbursing its funds to beneficiaries. She mentioned in particular, mobile money as electronic means to curtail the hassle beneficiaries go through each time in various offices of the centre to have money disbursed to them.
She was grateful to the media for assistance given MASLOC over the years, which has helped in shaping the activities of the centre, particularly the media’s feedback role on MASLOC’s operations.
She was hopeful the media will continue to support the publicity drive of the centre.
Receiving the cars, Mr. Joseph Simon Cudjoe, the Ahanta West GPRTU Chairman, thanked the management of the centre for responding to their distress calls.
Briefing the media on the modalities for accessing the facility, he said the members of the union were made to deposit four thousand, five hundred Ghana Cedis as down payment for the fifteen vehicles.
He said all the beneficiaries would have to pay for the vehicle in four years, failure of which their vehicles would be retrieved and confiscated.
In a related development, MASLOC on Wednesday presented a cheque to of GH¢1,465,035 to the Kantamanto fire victims in fulfillment of President John Mamaha’s directive.
In all 2000 people were assessed, and out of that 800 people benefited.
Present at the ceremony were the Regional Minister, Julius Debrah, the Board Chairman, Col (rtd) Kaku Korsah and the Chief Executive (CEO) of Dwadifo Adanfo Micro Finance Company, Charles Amonoo.