MASLOC Archives - Wontumi Online

16 Apr

Former MASLOC Sentenced 10 Years In Prison For Financial Mismanagement

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Sedinam Tamakloe, former CEO of MASLOC, has been handed a 10-year prison sentence with hard labor, while Daniel Axim, former Chief Operating Officer, received a five-year sentence with hard labor. This verdict comes after they were found guilty on 78 counts, including causing financial loss to the state, theft, money laundering, and breaching public procurement laws. The trial, which commenced in 2019, saw the state presenting six witnesses. Tamakloe was tried in absentia after leaving the country for medical reasons with court permission, while Axim testified in person but did not call any witnesses. The convictions stem from various instances…

06 Jul

Let’s Leverage AfDB Funding To Secure Future Partners – MASLOC CEO

wontumionlineBusinessHajia Abibata Shanni Mahama Zakariah, MASLOC

The CEO of MASLOC, Hajia Abibata Shanni Mahama Zakariah has urged employees, stakeholders, and other aligned bodies to put in their best to leverage on the success of the AfDB funding to the institution. Hajia Zakariah said this on the sidelines of the launch of the $31.34 million joint Post COVID-19 grant by the Africa development bank and the Government of Ghana in Accra. She reiterated the need for attention to be made to ensuring that key indicators for the measurement of the effectiveness of the project is strictly adhered to maximize its full benefits. She also highlighted that the implementation of…

29 Jun

MASLOC Secures Grant To Support Its Operations

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The Micro Finance and Small Loans Centre, (MASLOC) will receive support for its operations across the country from a $ 31.34 million grant from Ministry of Finance and the African Development Bank. The project which will enhance women’s access to credit, financial literacy, and information sharing, with a focus on women-led Micro, Small and Medium-Scale Enterprises (MSMEs) will shore up the institutions activities and help deliver its mandate of providing micro loans to SMEs in the country. In addition, the project will provide a credit facility to support women and youth significantly affected by the Covid-19 pandemic at affordable interest…

26 Jun

MASLOC Signs MOU With Association Of Small Small Industries

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The Micro Finance and Small Loans Centre (MASLOC) and the Association of Small Industries (ASSI) have signed a Memorandum of Understanding (MoU) to strengthen their collaboration, which will serve as the foundation for MASLOC's support of ASSI. The arrangement gives ASSI access to digital credit facilities for its members, which will be provided through MASLOC. As part of the arrangement, the microfinance and small loan centre will boost its loan recovery through beneficiaries from ASSI because they are an identifiable and credible group. Furthermore, this collaboration seeks to maximize the effectiveness of both parties to effectively monitor and evaluate the…

29 May

Masloc Supports Complementary Education Agency In Yendi With Logistics

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The Chief Executive Officer (CEO) of the Microfinance and Small Loans Centre (MASLOC). Hajia Abibata Shanni Mahama Zakariah has led the institution in donating logistics in the form of learning materials to the Complementary Education Agency in Yendi. The event which took place on Saturday, 27th May 2023 at the premises of Yendi community center saw the agency receive support from MASLOC in respect of learning materials to assist apprentices, junior and senior high school dropouts to acquire numeracy and basic English language skills. At a ceremony to present the items to the agency, Hajia Abibata Shanni Mahama Zakariah stated…

30 Apr

Kejetia Market Fire: Chief Of Staff Directs MASLOC To Provide Soft Loans For Traders

wontumionlineBusinessAkosua Frema Osei-Opare, Kejetia market fire, MASLOC

Chief of Staff, Akosua Frema Osei-Opare, has directed the Microfinance and Small Loans Centre (MASLOC), to provide financial assistance to traders who lost goods and property following a fire that gutted the Kejetia market in the Kumasi metropolis of the Ashanti Region. Kejetia traders on March 15, 2023, lost thousands of cedis to an inferno that razed their market and destroyed some 52 shops in the process. Vice President, Dr Mahamadu Bawumia during his visit to the fire scene promised affected persons of the government’s financial support from the Ghana Enterprise Agency (GEA) and MASLOC. To fulfill the pledge, the Chief…

09 Mar

MASLOC Does Not Discriminate; Every Ghanaian Qualifies For A Loan- Deputy CEO of MASLOC (VIDEO)

wontumionlineFeatured, News, TrendingKwabena Asamoah, loans, MASLOC

Deputy Chief Executive Officer (CEO) of Microfinance and Small Loans Centre (MASLOC), Kwabena Asamoah has said that her outfit is accessible to all Ghanaians despite your party affiliation. Speaking to Kwaku Dawuro on Movement in the morning show on Movement TV/ Wontumi Radio, he said once you have a sound mind and you are between the ages of 18 and 65, you are eligible to access financial support from the institution. This comes after perception that MASLOC grants loans to only New Patriotic Party (NPP) supporters. He said that the institution operates with fairness. According to him, the process is…