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MASLOC to disburse ¢64 million micro and small loans this year

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The Micro Finance and Small Loans Centre (MASLOC) has announced that it is going to disburse GH¢64.00 million in Micro and Small Loans this year.

GH¢20.00 million in vehicle and tricycle loans and GH¢36.00 million of the total amount will be from loan recoveries, the Centre said.

“MASLOC projects to disburse GH¢64.00 million in Micro and Small Loans this year. GH¢20.00 million in vehicle and tricycle loans. GH¢36.00 million of the total amount will be from loan recoveries,” the Presidency tweeted on Wednesday January 12.

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.

The objective is to provide, manage and regulate on a 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.

Source: 3news.com

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