The Micro Finance and Small Loans Center (MASLOC) has announced that it is going to disburse Micro and Small loans to over 400 people within Takoradi Constituency in October this year.
Speaking to Beach FM at a community engagement organized by the Member of Parliament for Takoradi and Western Regional Minister, Kobby Okyere-Darko Mensah, on Tuesday, August 22, 2023, in Takoradi, the Western Regional Manager for MASLOC, Malik Botchway said the loans will be disbursed to 20 groups.
He adds that similar actions have already been executed in other constituencies like Essikado, Effia, Kwesimintsim, Shama and Evalue Gwira.
“We did a disbursement for close to 400 people at the Takoradi market circle when the fire disaster occurred. From October this year, we are looking at giving loans to small groups. This is our usual mode of operations where we give loans to groups. We are looking at 20 groups with each group making up of 25 people.”
“This is just for Takoradi Constituency. We have done similar for Effia, Kwesimintsim, Essikado, Shama, Evalue-Gwira, and other constituencies where we have given ten groups….across the 16 constituencies we have been able to give small loans to ten (10) groups in all constituencies”, Mr Botchway added.
MASLOC disbursed loans to market fire victims in Western Region
The Micro Finance and Small Loans Centre (MASLOC) disbursed Group loans to some seventeen groups in the Western Region.
The disbursement exercise, which took place on Wednesday, October 25 and Thursday, October 26, 2022 in Takoradi and Tarkwa respectively, saw a hundred beneficiaries in Takoradi and two hundred and twenty-seven beneficiaries in Tarkwa receive support for their businesses.
Speaking on the occasion CEO of MASLOC, Hajia Abibata Shanni Mahama Zakariah expressed sympathy with the beneficiaries, many of whom were victims of the Takoradi makeshift market fire incidence that razed down over 100 shops some months ago.
