Microfinance and Small Loans Centre’s (MASLOC) Chief Executive Officer (CEO) has stated that her organization is accessible to all Ghanaians.
According to Abibata S.M Zakariah, anyone between the ages of 18 and 65 who is of sound mind is eligible to receive financial assistance from the institution.
She stated this in response to the widespread perception that MASLOC lends money exclusively to New Patriotic Party (NPP) supporters.
On Wednesday’s Super Morning Show, Madam Zakariah stated that the institution operates fairly.
“Definitely people will come. You can be a party person; you can be a non-party person. All the people who come to MASLOC are not people that I know. Definitely, some would come that you know them. Others you may not know them. Once they meet the requirements that we are asking for, we don’t care whether you are Party A for Party B, because it is a Ghanaian institution.”
She added that another criterion MASLOC considers is the business’s viability and creditworthiness.
“If you come to me for example and say I want assistance of so, so and so amount. I ask you, what for? But people don’t come to tell us the value. They put it in application. So they would state the purpose for which they want the assistance and then what for.”
Madam Zakariah advised individuals seeking loans, advice, or any other form of financial assistance from MASLOC to be truthful in their applications.
She explained that once your application is submitted, a preliminary assessment of your business is conducted to determine whether your application accurately reflects your business.
“There are times that people come to apply for certain amounts. When you visit their businesses, you’d realize that this person doesn’t have the capacity to have that huge amount that he or she is asking for. So you cut it down.”
The show’s discussions took place against the background of Madam Zakariah’s earlier statement to JoyNews that MASLOC has recovered only 10% of unpaid loans by beneficiaries in the Volta and Oti regions.
“Across the country, recovering loans granted to beneficiaries has proven to be difficult. This she said has prevented the Centre from providing others with loans,” she said in that interview.
Madam Zakariah urged beneficiaries to repay loans they had received, stating that “monies recovered from defaulters will enable the Center to expand.”
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SOURCE: myjoyonline