Ghana Districts: A repository of all Local Assemblies in Ghana

ECONOMICS

MASLOC office to be established at Bosomtwe

Lack of easy accessible funds has been a major setback to most businesses and potential business and any efforts at curbing this always come as relief to beneficiaries.

Date Created : 11/2/2017 5:01:16 AM : Story Author : Cliff

It is for this reason that the people receive the news of the establishment of District Microfinance and Small Loans Centre (MASLOC), a microfinance apex body responsible for implementing the Government of Ghana’s (GoG) microfinance programmes targeted at reducing poverty, with joy.

MASLOC provides micro and small loans for start-ups and small businesses with fast, easy and accessible microcredit and small loans to grow and expand their businesses as well as to enhance job and wealth creation.

The DCE said the Assembly is in the process of establishing MASLOC office in the District and has already rented an office facility at Aputuogya to serve that purpose.

According to him, the process of providing fast, easy and accessible micro credit and small loans to grow and expand businesses would enhance job and wealth creation, thus reducing unemployment.