The Microfinance and Small Loans Centre (MASLOC) says it has made progress after contracting four private debt collectors to aid in the retrieval of its loans disbursed to beneficiaries.
In the first quarter of this year, the centre indicated that out of about ¢204 million disbursed, it was able to retrieve ¢90 million, representing 45% of the amount.
But speaking to Joy Business at a training for staff on a nationwide digitalisation rollout, Chief Executive of MASLOC, Abibata Shanni Mahama Zakaria, indicated that progress has been made so far with the recovery drive and her outfit is set to announce same.
“So far, we are on course with our recovery drive because we have devise means of taking money”, She said.
The Masloc CEO added “In the past, we were doing recoveries just by ourselves, but right now we have gotten private companies who are debt collectors”
“Four of them and we’ve zone the country into four and they are also assisting us in the recovery. So very soon, we are coming to report our progress.”
Meanwhile, she said the training for staff on a nationwide digitalisation rollout seeks to integrate MASLOC’s activities from disbursement to repayment
Latest Stories
-
Nigeria appoint Finidi George as new Super Eagles boss
15 mins -
Elevating Ghana’s creative industry: A blueprint for competing with Nigeria and South Africa
2 hours -
Poor finishing a problem for Asante Kotoko throughout the season – Prosper Ogum
2 hours -
Samini teams up with Francis Osei for ‘Sticks N Locks’ EP
2 hours -
Government should resource record labels – Seven Xavier
2 hours -
I need majority in parliament to successfully complete my term – Akufo-Addo pleads
2 hours -
Next NDC government will not recognise illegal contracts signed by current administration – Sammy Gyamfi
3 hours -
Premier League clubs vote in favour of spending cap plans
3 hours -
Nigeria’s fuel crisis brings businesses to a halt
3 hours -
King Promise impresses fans at sold out show in Singapore
3 hours -
Ejisu by-election to proceed after plaintiff withdraws injunction application
3 hours -
CSOs and NGOs unite to push for priority demands at INC-4
3 hours -
Fuel tanker bursts into flames on Kumasi-Accra highway
3 hours -
Security is tightened ahead of Ejisu by -election
3 hours -
EC’s stolen BVR kits, laptops: One granted bail, three still on remand
3 hours