Business News of Sunday, 15 May 2016
Source: Tv3network.com
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Government has disbursed GHC284,000 to 290 traders and market women in the Brong Ahafo Region for the expansion of their businesses.
Access to loan facilities to boost businesses in the Brong Ahafo Region has been a challenge for most traders, particularly women. High cost of borrowing has been a disincentive to many of them.
It is against this background that the First Lady, Lordina Mahama, facilitated the disbursement of the loan through the MASLOC. The beneficiaries are to repay in six months with a two per cent interest.
The money is to help some of the beneficiaries to start their own businesses and existing ones to expand their business in order to help take care of their families
Chief Executive Officer of MASLOC, Sedina Tamakloe Attionu entreated all beneficiaries to pay back on time to enable MASLOC expand the programme to other regions.
She therefore urged them to put the money into good use and work hard so as to repay on time, and asked them to save their profit they could to expand their businesses
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 businesses.