MASLOC TO CUT DOWN INTEREST RATE TO 15%-ASH RGL DIR
Operations of the Micro and Small Loans Centre, MASLOC, has now been decentralized to all the 43 administrative districts of the Ashanti region with the recruitment of 129 beneficiaries of the Nation Builders Corps to man the district offices. The decentralization is meant to engender ownership of the MASLOC and enhance its visibility while improving its accessibility, especially to micro and small business operators who require the support of the Centre to grow their enterprises. Speaking on Garden City Radio’s Super Morning Flight in Kumasi, the Ashanti Regional Director of MASLOC, Hajia Zaanabu Sallow, noted that, opening of offices at the district level would also enable the Centre identify the real needs of prospective loan seekers and their locations so as to maximize recovery. Hajia Sallow disclosed that, government is presently considering a plea by loan seekers to cut down the interest rate from the current '24 per cent to 15 per cent to encoura...