Audio By Carbonatix
The Microfinance and Small Loans Company, MASLOC says it remains determined to wean itself off government support in the near future.
Government at the moment remains the sole-financier, but it says increasing demand from the public requires that it increases its loan purse.
Officials say plans to recapitalize and gain autonomy are currently before cabinet for approval.
Public Relations Officer, Mustapha Abubakar says one of the options is to source funds from the international market.
He said it is particularly important for MASLOC to try and stand on its own because the default rate of its beneficiaries was high because people tended to think that the money is government money.
Mustapha Abubaker said MASLOC is also working on extending loan facilities to public sector workers.
Source: Joy Business/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
High Court adjourns GH¢431.8m NSA fraud case involving Osei Assibey Antwi
5 minutes -
Tema Shipyard reclaims regional edge with 55% growth, renewed confidence
7 minutes -
Prioritise public education on legal aid to support vulnerable persons – Presbyterian University VC
22 minutes -
Kurt Okraku commiserates with Berekum Chelsea after fatal armed robbery attack
23 minutes -
78% of NDC delegates worried about jobs, but majority remain optimistic – Global InfoAnalytics poll
27 minutes -
Traceability is the new currency of global cocoa Trade
31 minutes -
Asiedu Nketia holds lead in NDC race but Ato Forson closing gap fast – Poll
44 minutes -
Collaboration across sectors key to tackling MoMo fraud — MobileMoney Ltd CEO
46 minutes -
President Mahama commends Catholic Church for role in Ghana’s development
50 minutes -
Canadian PM Carney on verge of Liberal majority gov’t as votes cast in three by-elections
51 minutes -
UK could adopt EU single market rules under new legislation
52 minutes -
Ghana Shippers’ Authority CEO to meet association of Port Transport Drivers over intended strike
53 minutes -
MTN Ashantifest musical concert lives up to bill
58 minutes -
Ninani Group launches D. A. Twum Jnr. Fellowship to address skills gap in creative industry
1 hour -
Independent assessment by Lands and Mines Watch backs Heath Goldfields for mining operations
1 hour