Under the MASLOC- Small and Micro Loans programme, 22,396 beneficiaries have been supported as at end June, Finance Minister Ken Ofori-Atta has said.
The key objective of the Microfinance and Small Loans Centre (MASLOC) is to provide loans to small businesses and start-ups in the informal sector.
Presenting the mid-year budget review and supplementary estimates in Parliament in accordance with Section (28) of the Public Financial Management Act, 2016 (Act 921), Monday, Ken Ofori Atta said the micro-enterprise sub-sector accounted for 80.6% of the total loans disbursed, the agro marketing sub-sector, 13.5%.
He added that the remaining 5.9% was disbursed to applicants engaged in food crop production, poultry and the alternative livelihood sub-sectors.
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