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
-
Veteran Nollywood actor, Kola Oyewo dies
1 hour -
FIFA defends attendance figure amidst empty seats
2 hours -
US-based Professor Joseph Ofori-Dankwa credits Ghana’s education system for his global success
2 hours -
Gov’t unveils transition measures for new legal education system
3 hours -
Keta government hospital at 100: Preserving a century of service, protecting a legacy for future generations
3 hours -
Okyenhene lauds Garden City University leadership, urges focus on education and human capital
3 hours -
Morning Glory Montessori Child Development Centre launches 30th anniversary celebration with year-long programme
3 hours -
USA thrash Paraguay 4-1 in Group D opener
3 hours -
GES summons teacher unions for emergency talks over controversial staff data collection exercise
3 hours -
Award schemes and matters arising : The great Ghanaian illusion we have condoned for generationsÂ
3 hours -
University of Ghana Vice-Chancellor urges inclusion of African languages in AI development
4 hours -
Warner Bros $111bn sale to Paramount approved by US Justice Department
4 hours -
Hajia Adama Musah, mother of former NPA CEO Mustapha Abdul-Hamid, passes away
4 hours -
Partey’s visa denial will not break our spirit – Kofi Adams tells detractors
4 hours -
Shatta Wale launches GH¢100 SM Gold Card membership programme
5 hours