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4 Facts SMEs Need to Know About MASLOC under Current Govt!

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There are four key facts about MASLOC that, businesses need to be abreast with especially Small and Medium Scale Enterprises (SMEs) under the current Nana Akufo-Addo led government.

The Microfinance and Small Loans Centre (MASLOC) has been restructured to provide loans to Small and Medium Scale Enterprises (SMEs).

MASLOC, is working in partnership with key stakeholders has instituted 216 District Offices across the country and has established an effective internal control

and audit systems to ensure only credit-worthy and viable businesses are supported financially.

From 2017 to 2019, MASLOC has disbursed GH¢99,302,484 in microloans to 97,876 beneficiaries, project and small loans of GH¢11,438,800 to 293 beneficiaries, and allocated 140 tricycles and 291 vehicles to beneficiaries.

By: Muftaw Iddrisu | Talks Africa Media

Written by EDITORIAL STAFF

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