• Applicant must be between 18 and 65 years and of sound mind;
• Must have an ongoing business venture or project;
• Must have sound knowledge and considerable experience in the business venture or project;
• Start-up projects or business must be viable and capable of generating employment.
The objective of MASLOC is to provide, manage and regulate on fiduciary basis, approved funds for microfinance and small scale credit schemes and programmes and also serve as the apex body of the microfinance sub sector. For the purposes of the objective stated above, MASLOC shall :
Engage directly or indirectly in microcredit and small loans business.
Promote and enhance the development of a decentralized microfinancial system.