Thirty-four trader teams have received loans totaling GH1.7million from the Microfinance and Small Loans Centre (MASLOC) to help maintain their small business.

The disbursement, which took place in Kumasi’s Jubilee Park, benefited a complete of 1,425 beneficiaries made up of 34 teams, each with 25 members.

Speaking at the event, MASLOC’s CEO Abibata Zakariah, promised the gathering that she would preserve up the area’s tradition of empowering ladies whereas additionally noting the present state of the financial system and altering the compensation interval from six to twelve months at a charge of 12 percent yearly to help the beneficiaries repay their loans successfully.

MASLOC disburses group loans to beneficiaries in Ashanti Region

Further encouraging the beneficiaries in the area, Madam Zakariah said that if they’re in a position to complete their scheduled compensation as required, she will additionally take into accounts growing each beneficiary’s amount from ₵2000 this year to ₵5000.

The Ashanti Regional Manager at MASLOC, Zeinab Sallaw additionally added that the choice to increase disbursement this year was motivated by former beneficiaries’ skill to repay the loans that had been granted to them in the previous. 

According to MASLOC’s regional Manager, who was impressed with the traders in the area urged all beneficiaries to be dedicated to repaying these loans.

She explained that, the disbursed quantities have been reviewed from ₵1000 to ₵2000 this year to additional help influence and enhance their companies.

MASLOC disburses group loans to beneficiaries in Ashanti Region

In attendance was Bernard Antwi Boasiako, NPP Ashanti regional chairman, Nana Ama Ampomah NPP Ashanti regional ladies organizer together with other government functionaries in the area.

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