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
-
Hawa Koomson pledges experienced and mature leadership of NPP women’s wing
15 minutes -
Young woman found dead at Kasoa Peace Town
47 minutes -
Playback: The Law examined lawful arrest in Ghana
1 hour -
Mahama urges African governments to treat healthcare as an investment, not budget cost
2 hours -
Bawumia congratulates John Boadu and new NPP executives, pledges support ahead of 2028
2 hours -
‘No talent should be left out’ – Bawumia pledges inclusive NPP campaign for 2028
2 hours -
Prof. Mike Oquaye recounts how he blocked Special Prosecutor’s attempt to arrest Bawku Central MP
2 hours -
Make health sovereignty a priority for Africa – Mahama
2 hours -
Dorimon Naa, Wa West DCE lead massive clean-up exercise; threaten sanctions against recalcitrant residents
3 hours -
Photos from Adom FM Y2K Jam
3 hours -
Praye Tiatia steals the show at Adom FM Y2K Jam [Watch]
3 hours -
Boakye Agyarko congratulates John Boadu, pledges support for NPP leadership
3 hours -
Antwi HiMight thrills fans with Antwi ne Antwi hits at Adom FM’s Y2K Jam [Video]
3 hours -
Amb. Edward Boateng congratulates Boadu, Kodua on election wins
4 hours -
John Boadu pledges to rebuild NPP from grassroots and restore ‘winning machinery’
4 hours