G/A MASLOC has distributed over GHc19 million, 1,764 PWDs benefited-Okyere Danso

The Greater Accra Regional Secretariat of the Microfinance and Small Loans Centre (MASLOC) says it has disbursed GH¢19,620,100 to beneficiaries from 2017 till date.

This, was disclosed by the Regional Manager, Mr. Dennis Okyere Darko on Frontline on Rainbow Radio 87.5Fm with host Kwabena Agyapong.

He said GH¢16, 322, 100 out of the amount was given to 783 groups while GH¢3,298,000 was given to individuals in the Region.

He told the host that before the NPP took office, the beneficiaries were given GH¢500 to GH¢800, and they deducted GH¢250 processing and administrative fee from it”.

The interest on the loans per month is 1% compared to that of the NDC that was 2%.

Giving a breakdown of the disbursement the region has given out so far, he said the Greater Accra office has given out GHc2, 740,000 to individual businesses.

The group loans comprising of 5 persons in a group is GHc2,740,000.

Out of the total figure, GHc13,894,407 has been, distributed to women.

In terms of numbers, 13, 109 women representing 73% of beneficiaries have benefitted from the loans from MASLOC in the Greater Accra Region alone.

For men, a total of GHc5,167,693 has been distributed to 5,367 beneficiaries in the region representing 27%.

On the number of youth who have benefitted from the loans, he said female youth beneficiaries are 45% of the figure representing women are youth which represents 5,899 with the males being 35% of the total number of men representing 1,878.

For persons with disability who have benefitted, the MASLOC boss said the women who are beneficiaries is 11% of the total figure representing 1,442 with men being 6% representing 322 persons.

Meanwhile, he has disclosed recovery of the loans prior to the outbreak of the coronavirus was 60% but the percentage has reduced to 45% after the outbreak.

By: Rainbowradioonline.com

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