MASLOC disbursed loans to over 1,000 beneficiaries in Ashanti Region

 

Thirty-four (34) trader groups received group loans totaling GHS1.7million from the Microfinance and Small Loans Centre (MASLOC) today to help sustain their small business.

The disbursement, which took place in Kumasi's Jubilee Park, benefited a total of 1,425 beneficiaries made up of (34) groups, each with 25 members.

Speaking at the occasion, Hajia Abibata Shanni Mahama Zakariah, CEO of MASLOC, promised the gathering that she would keep up the region's tradition of empowering women while also noting the current state of the economy and changing the repayment period from six to twelve months at a rate of 12 percent annually to help the beneficiaries repay their loans effectively.



Further encouraging the beneficiaries in the area, MASLOC CEO Hajia Abibata Shanni Mahama Zakariah said that if they are able to complete their scheduled repayment as required, she will also take into consideration increasing each beneficiary's amount from 2000 Ghana cedis this year to 5000 Ghana cedis.

Hajia Zeinab Sallaw, Ashanti Regional Manager at MASLOC also added that the decision to boost disbursement this year government functionaries in the region.


MASLOC has provided Microcredit and Small Loans to start-ups and small businesses with fast, easy and accessibility Microcredit and Small loans to grow and expand their businesses.



With over 182, 328 clients nationwide, MASLOC, which has offices in all the 16 regions and can be accessible in all the 228 districts, disbursed a total of over GH₵228million loans, as its key achievements.


Our Vision


We are committed to growing and developing small and micro businesses through the provision of sustainable microfinance, small loans and business services to Ghanaian entrepreneurs.

Our Mission


MASLOC provides micro and small loans for start-ups and small businesses with fast, easy and accessible microcredit and small loans to grow and expand their businesses as well as to enhance job and wealth creation.

Our Values


Professionalism
Integrity
Team Spirit
Excellence
Respect