MASLOC launches cargo tricycles for distributors of GIHOC Distilleries
The Chief Executive Officer (CEO) of the Micro Finance and Small Loans Centre (MASLOC), Mrs Sedina Tamakloe Attionu, has entreated beneficiaries of the centre’s financial assistance programme to ensure repayment.
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That, she said, would enable other people to also benefit from similar assistance.
Mrs Attionu gave the advice when MASLOC launched a programme to supply locally assembled cargo tricycles to distributors of GIHOC Distilleries Limited to facilitate their work in the peri-urban and rural communities.
The initial agreement is for the supply of 500 tricycles, 40 of which were delivered at the launch.
MASLOC is supplying the tricycles directly to the beneficiaries while GIHOC will provide the guarantee.
Beneficiaries would pay for the items over a period of not less than six months.
The launch came a few weeks after MASLOC launched another tricycle project in northern Ghana to serve as a means of transportation for the people.
Strategic development
Explaining the genesis of the programme, Mrs Attionu said GIHOC Distilleries had embarked on a five-year strategic development programme to improve production.
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As part of the programme, it had created a second-tier distribution system to enable their products to reach more people in the peri-urban and rural communities.
"This is a job-creation venture too because many people will be engaged to ride the tricycles to make a living," she said.
Mrs Attionu said MASLOC had been working hard to assist the rural poor to improve their lot.
GIHOC boss
The CEO of GIHOC Distilleries, Ms Kay Kwao-Simmonds, said the company had quadrupled its production, penetrating some countries in West Africa.
"We've created 500 jobs with 500 of the tricycles coming out," she said.