Audio By Carbonatix
The Micro Finance and Small Loan Center MASLOC, says certain pronouncements by political figures regarding its operations and political interference are some of the major challenges it has to grapple with.
According to officials most people who come for loans as a result, tend to think that the loans are handouts to party footsoldiers because of what the politicians tell them and therefore do not payback.
This has led to a high default rate of more than 90 percent, they reckon.
MASLOC Chief Executive Bertha Ansah Djan however tells Joy Business this will have to change.
Speaking on Joy FM’s business analysis programme Business Trends Bertha Ansah Djan further explained that a computerized database of borrowers has also been developed as one of the new strategies to make for easier tracking of clients.
“We are putting in place a software system,” she said, adding, “we will be able to know you by name and code and location. It makes it easier for the loan officer to locate you than just having limited information about you.”
Source: Joy Business/Myjoyonline.com/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Ghana is rising again – Mahama declares
4 hours -
Firefighters subdue blaze at Accra’s Tudu, officials warn of busy fire season ahead
5 hours -
New Year’s Luv FM Family Party in the park ends in grand style at Rattray park
5 hours -
Mahama targets digital schools, universal healthcare, and food self-sufficiency in 2026
5 hours -
Ghana’s global image boosted by our world-acclaimed reset agenda – Mahama
5 hours -
Full text: Mahama’s New Year message to the nation
5 hours -
The foundation is laid; now we accelerate and expand in 2026 – Mahama
6 hours -
There is no NPP, CPP nor NDC Ghana, only one Ghana – Mahama
6 hours -
Eduwatch praises education financing gains but warns delays, teacher gaps could derail reforms
6 hours -
Kusaal Wikimedians take local language online in 14-day digital campaign
7 hours -
Stop interfering in each other’s roles – Bole-Bamboi MP appeals to traditional rulers for peace
7 hours -
Playback: President Mahama addresses the nation in New Year message
8 hours -
Industrial and Commercial Workers’ Union call for strong work ethics, economic participation in 2026 new year message
9 hours -
Crossover Joy: Churches in Ghana welcome 2026 with fire and faith
9 hours -
Traffic chaos on Accra–Kumasi Highway leaves hundreds stranded as diversions gridlock
10 hours
