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 encourage prompt repayment.' 

She disclosed that loan applications for cooperative groups in 23 of the districts made up of 10 groups of 25 members each has been approved for disbursement and would soon be given out to the applicants to boost their trading activities.

 Hajia Sallow disclosed again that, MASLOC is now concentrating on group applicants for this year to enable the beneficiaries to take advantage of the impending yuletide. Members of such groups will be entitled to between 500 and one thousand Ghana Cedis each while a consideration is also being given to the repayment period from the present six months to about one year after disbursement.

Comments

Post a Comment

Popular posts from this blog

JUTE FACTORY IS BACK

-
Image
the administrative block under rehabilitation At long last, the much talked about defunct GIHOC Fibre manufacturing Company popularly known as the Jute Factory, is to be back in operations very soon.  Ashanti Today can confirm that work is feverishly ongoing towards the revival of the once golden sacks manufacturing company with the first production expected in the first quarter of next year.  It is a public-private partnership with a wholly Ghanaian company, Jute Mills Ghana Limited being the operator and has already sunk about five million Ghana Cedis to revamp the company.  The Jute Factory is located within the industrial area of Kaase.  It has been on divestiture for about 20 years now with successive governments paying lip-service to revamp it.   The old machinery at main factory to be replaced soon  It is one project that is dear to the Asantehene Otumfuo Osei Tutu, who has used almost every opportunity with business people and investors wh
Read more

THE STATE OF KUMASI'S 'INDUSTRIAL AREA

-
The once Industrial enclave of the Ashanti region within the Kumasi metropolis is fast losing its status as the nerve centre of jobs for the people.     This is due to the collapse of most of the companies in quick succession in  the last few years for various reasons. Background Industrialization was a key component of the first wholly indigenous government of Ghana led by Osagyefo Dr. Kwame Nkrumah. The Ashanti region was not left out in this drive which was meant to create decent jobs for the residents, particularly the youth.  Asokwa, Ahinsan, Kaase, Atonsu and Kyirapatre were the communities that became what is known as the ‘Industrial Area’ of Ashanti from the early 60s.  The christening of this enclave as the ‘Industrial Area’ was the people’s appreciation of the numerous state and privately owned companies that were sited there.  These communities fall within present day Asokwa Constituency which is in the western part of the metropolis from the Accra d
Read more

KWAMANG SHS NEEDS URGENT HELP

-
Image
New Campus of the Kwamang Presby SHS The Kwamang Presby Senior High/Technical School in the Sekyere Central district of Ashanti needs an urgent external intervention to address some of its pressing basic needs to function very well.  A visit by Ashanti Today to the school’s premises revealed that the school does not have an administrative block to administer affairs of the school for which reason the Headmistress, the Bursar and another staff are sharing one room which has been partitioned, while the Assistant Headmaster, the rest of the Accounts staff among other administrative officers are also working from an improvised classroom. Anybody who visits the Kwamang Presby Senior High Technical school for the first time will unavoidably take it for a basic school.  This is more so when it appears to be perching on the premises of the local Junior High School as its old site.  The school is wallowing in a myriad of challenges that are seriously militating against
Read more