MASLOC supports 496 groups in the northMASLOC supports 496 groups in the north

Tamale, Jan. 16, GNA - A total of 496 small and medium scale enterprises in the Northern Region have received financial support from the Microfinance and Small Loans Centre (MASLOC) to boost their businesses.The groups are engaged in different forms of economic activities including the production of food crops, agro-processing, poultry and marketing of foodstuff.Mrs Sedina Tamakloe Attionu, Chief Executive Officer of MASLOC, made this known in an interview with Ghana News Agency on Thursday in Tamale when she visited the Soglomboreboni Shea Processing Group.She said an assessment of the loans recovery is in progress to pave way for the next disbursement.Mrs Attionu said the centre would soon modify its system of disbursement by changing the issuing of cheques to beneficiaries by paying the money directly into their accounts.She said plans are far advanced to link shea nut processers to companies on the shea value chain to ensure that there is ready market for their produce.Hajia Della Memunatu Mumuni, Coordinator of the Group, lauded the support of MASLOC and appealed to the centre to fast track the second disbursement to enable members to start operations.She said the first loan facility increased the capital base of the members and enabled them to buy more shea nuts to process.GNA Read Full Story