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MASLOC pledges support for OWEP …as it calls on beneficiaries to pay back loans

botchway March 12, 2019

Stories from Isaac Akwetey-Okunor
Managers of the Microfinance and Small Loans Centre (MASLOC) have pledged and demonstrated their commitment to support the Okyeman Women Empowerment Programme (OWEP), an association with the primary focus of helping women in order to improve their living standards.
The Chief Executive Officer (CEO) of MASLOC, Mr. George Osei Owusu, disclosed this at a training workshop for members of the association at Kyebi, in the Abuakwa South Municipality of the Eastern Region on Saturday.
The training, which was under the auspices of the Okyenhemaa, Nana Adutwumwaa Dokua, on the theme: “Women Empowerment through Cooperative Societies”, was to impart knowledge into its members on how to make good use of support they get and fusing it into their various businesses to better their lives.
According to Mr. Osei Owusu, the government is poised to assist the development of women across the country, hence, the decision to establish MASLOC in 2006 to be able to assist women with loans with low interest rates, as compared to that of private financial institutions.
He, therefore, appealed to the beneficiaries to pay back the loans in order to see to the smooth running of the programme, and also to benefit those who are yet to access the facility.
“The previous government released funds to the scheme only during political seasons, but the Akufo-Addo-led government has given out GH¢200 million to support the initiative this year alone, as compared to over GH¢35 million in 2016,” he added.
Meanwhile, the Ahenemanana of the Akyem Abuakwa Traditional Council, Nana Akosua Buou, was optimistic the initiative will go a long way to help improve the living standards of queenmothers and women in general, and, therefore, expressed gratitude to the members for getting involved in the exercise.
She said it will also go a long way to empower the members to assist women in their various communities to help alleviate poverty in the traditional area.
Nana Akosua Buou also commended the management of MASLOC for accepting to be part of the whole programme, assuring them that all structures are being put in place to ensure the smooth running of the association.

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