MASLOC Distributes Loans To Traders In B/A

The  Micro-finance and Small Loans Centre (MASLOC) disbursed more than 3 million  as loans to traders in the Brong-Ahafo Region in 2013, Madam Sedina Attionu Tamakloe, Chief Executive Officer disclosed on Tuesday.

She said beneficiaries were mostly traders in pottery in agricultural production comprising 7,400 females and 517 males.

Madam Tamakloe disclosed this when she paid a courtesy call on Mr Justice Samuel Adjei, Deputy Brong-Ahafo Regional Minister in Sunyani as part of her familiarisation visit to the region.

She re-affirmed that MASLOC remained non-political institution and called on small scale businesses especially market women and taxi drivers to apply for the facility to enable them expand their businesses for poverty reduction.

Madam Tanakloe said GH¢3,116,000 were given out as group loans while individual loans amounted to GH¢163,200.

She noted that the centre’s recovery rate was not the best and entreated beneficiaries to pay back on schedule in order not to be prosecuted.

Madam Tanakloe appealed to the Regional Coordinating Council to help the centre to acquire land for the construction of its regional office in Sunyani.

Mr Adjei commended MASLOC for its operation and support to small scale businesses in the region and was optimistic that more traders in the region would benefit from the facility.

The MASLOC CEO later visited the gari processing factory at Bechem in Tano South and the Tanoso pottery factory at Tanoso in the Tano North District of the region. — GNA

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