MASLOC Soon To Operate Like A Bank – CEO Reveals

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The Chief Executive Officer of Microfinance and Small Loans Center (MASLOC), Stephen Amoah has  hinted that he has plans of elevating the institution to a bank status.

He made the revelation after he was adjudged the Miscrofinance and Small Loans CEO of the year at the just ended 8th edition of the Ghana Entrepreneur and Corporate Executive Awards (GECEA) In held in Accra.

An elated Steve Amoah said the recognition is an attestation of his efforts to transform MASLOC to a world class financial institution.

According to him, “Very soon MASLOC will operate like a bank with a focus on small and medium-sized enterprises”, Mr. Amoah stated.

Stephen Amoah, MASLOC Boss holding his award.

Microfinance and Small Loans Centre (MASLOC) is a microfinance apex body responsible for implementing the Government of Ghana’s (GoG) microfinance programmes targeted at reducing poverty.

MASLOC provides micro and small loans for start-ups and small businesses with fast, easy and accessible microcredit and small loans to grow and expand their businesses as well as to enhance job and wealth creation.

On the issue of the institution being labeled as a “political machinery” to feed party loyalist, Mr. Amoah explained that though it has been a herculean task to depoliticize the institution, MASLOC is making headway through effective stakeholder engagements.

He also revealed that the center is working to issue biometric cards to its clients for efficient monitoring.

The Entrepreneur and Corporate Executive Awards (GECEA) is an annual event organized by the Entrepreneurs Foundation of Ghana in collaboration with the Ministry of Trade and Industry.

It is aimed at recognizing the invaluable contribution of entrepreneurs, business executives and corporate institutions towards the socio-economic development of the nation over the past 12 months.

 

 

Source: Accra Mails

 

 

 

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