THE Koforidua office of the Microfinance and Small Loans Centre (MASLOC) has paid GH¢85,300 to 310 beneficiaries of the scheme resident in Koforidua and its environs.
Each of the beneficiaries, including 14 physically challenged persons, had between GH¢200 and GH¢500.
The amount, which was disbursed through the Koforidua branches of the Mumuadu and the South Akim Rural banks, formed part of the GH¢800,000 package earmarked for 3,625 individual artisans and traders as well as operators of small-scale businesses in the area.
Making the presentation, the Eastern Regional Co-ordinator of MASLOC, Mr Dominic Baah-Ayim, told the beneficiaries that the government introduced the scheme to make available credit facilities to the various associations and individuals to undertake income-generating ventures to raise their standard of living.
He, therefore, urged the beneficiaries to invest the money in productive ventures to enable them to repay the loans on schedule and enable others to benefit from the scheme.
Some of the beneficiaries including Ms Ama Anna, a cloth seller, who spoke to the Daily Graphic, expressed their appreciation to the government for the support.
According to Ama, the facility would enable her to expand her business.
It would be recalled that in May, this year, 600 people in the Koforidua area benefited from a similar package amounting to GH¢1,400.
The disbursement of the loans followed the presentation of withdrawal slips to 210 beneficiary groups in the region by the Chief Executive Officer (CEO) of MASLOC, Mr Lawrence Prempeh; the Eastern Regional Minister, Mr Kwadwo Affram Asiedu, as well as district and municipal chief executives in the region, at Koforidua about two months ago.
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