The Microfinance and Small Loans Centre (MASLOC), the government’s microfinance support agency, has disbursed GH₵250,200 in support of 476 market women in the Volta Region to enhance their businesses.
The disbursement is part of a GH₵905,100 loan facility the centre plans to provide for 83 market groups in the Volta Region.
It comes after similar disbursements to female trading groups in the Upper East, Upper West and the Northern regions.
Mrs. Sedina Tamakloe-Attionu, Chief Executive Officer of MASLOC, told journalists during the disbursement exercise in the Volta Region that her outfit had so far disbursed over GH₵5.7million loans to traders in the regions.
She indicated that the centre has achieved an impressive recovery rate of 80.15 per cent, saying the objective of the support facility was also helping to empower market women and traders to expand their operations to contribute to the growth of economic activities in the regions.
According to her, women formed the largest portion of MASLOC’s beneficiaries, which he said was in line with the government’s aim of empowering women in entrepreneurship.
She urged the beneficiaries to be committed to their businesses and work to be able to repay the loans in good time for others to benefit.
Mr. Daniel Axim, Operations Manager of MASLOC, assured the women groups of fairness in the disbursement process, indicating that all the beneficiaries went through a rigid assessment.
MASLOC is responsible for the implementation of Government of Ghana’s microfinance programmes targeted at reducing poverty, creating jobs and wealth.
By Times Reporter