MASLOC CEO Strengthens Financial Inclusion Through Engagement with Market Women in Savannah Region

MASLOC CEO Strengthens Financial Inclusion Through Engagement with Market Women in Savannah Region

The Chief Executive Officer of the Microfinance and Small Loans Centre (MASLOC) and Deputy National Women's Organizer of the governing National Democratic Congress (NDC), Madam Abigail Mensah Elorm, has embarked on a working tour of the Savannah Region, engaging market women and traders in Damongo and Sawla.

Accompanied by her two deputies and a team of national MASLOC officials, Madam Elorm held interactive sessions with women traders aimed at deepening their understanding of MASLOC's operations, promoting financial inclusion, and strengthening support for small-scale businesses and women entrepreneurs.

The delegation included the Savannah Regional Women's Organizer of the NDC, Madam Afisha Bawa Dozie; the Damongo Constituency Deputy Women's Organizer, Madam Ayishetu Atomi; the Savannah Regional MASLOC Manager, Mr. Saaka Iddrisu (Togo); and members of the regional MASLOC team, among others.

At Damongo, the CEO and her team educated participants on the various interventions and opportunities available through MASLOC to support small and women-led enterprises.

She outlined the different support modules offered by the Scheme, the processes for accessing funding, the importance of utilizing funds responsibly to expand businesses, and the repayment arrangements available to beneficiaries.

According to Madam Elorm, women can access financial support at an interest rate of just one percent, as well as tricycles, vehicles, and other forms of assistance designed to enhance economic productivity and improve livelihoods.

She encouraged beneficiaries to make prudent use of the funds, stressing that prompt repayment remains a key priority under her leadership. She further urged both current and prospective beneficiaries to honour their repayment obligations to sustain the revolving fund and ensure that more individuals can benefit from MASLOC's support in the future.

The engagement, moderated by Hon. Ananpansah Bartholomew Abraham, Assembly Member for the Canteen Electoral Area, provided an open platform for participants to seek clarification on a wide range of issues. Questions centered on categories of support available, loan recovery mechanisms, eligibility requirements for both groups and individuals, and proposals for annual repayment schedules instead of monthly repayments.

Madam Elorm took time to address each concern comprehensively and assured the women of the continuous availability and commitment of the MASLOC team to support their growth and success.

As part of the exercise, a registration window was opened for potential beneficiaries interested in accessing MASLOC's interventions.

Source: Ananpansah Bartholomew Abraham (AB)