MASLOC disburses loans to women traders

The Microfinance and Small Loans Centre  (MASLOC) has disbursed loans to a number of groups engaged in various trading activities in the Greater Accra Region.

The beneficiary groups were drawn from Sowutuom, Dome-Kwabenya and Chorkor.

At the disbursement last Tuesday, the beneficiary groups at Sowutuom were the Unity Women Association which had GH¢9,652.50; the  We Care Association, GH¢14,527.50; the Anyah Nkosuo Kuo, GH¢14,040 and God is Good, GH¢9,061.50.

In the Dome-Kwabenya area, the Kwabenya Finger of God group was given GH¢14,625; the Kwabenya Virteous Ladies, GH¢14,625; the Kwabenya Peace Ladies, GH¢14,527.00 and Kwabenya Royal Ladies, GH¢14,625.

The Chorkor Fish Processors Traders Association made up of four groups also received a cheque for GH¢65,000.

Empowerment

Speaking at the presentation ceremonies, the Chief Executive Officer ( CEO) of MASLOC, Mrs Sedina Tamakloe Attionu, observed that sustainable national development could not be achieved with women at the periphery of the development process.

That, she explained, was why the government, through MASLOC, was economically empowering women in the informal economy by accelerating credit to them at low interest of two per cent.

Poverty reduction

 Mrs Attionu said the financial support was in line with the government’s efforts to reduce poverty and empower Ghanaian women in their respective communities across the country to enable them to stand on their feet.

She asked the women to make good use of the loans so they could repay on time for others to also benefit.

Mrs Attionu said the government would continue to do everything to empower women.

She reiterated that MASLOC monies were not for free, adding that funds were limited and, therefore, all women could not be served at the same time.

The Head of Operations of MASLOC, Mr Daniel Axim, said beneficiaries of the facility went through an assessment procedure before they were considered.