Hajia Abibata Shanni Mahama Zakariah, MASLOC boss
The Chief Executive Officer of the Microfinance and Small Loans Centre (MASLOC), Abibata Shanni Mahama Zakariah, says her outfit is working assiduously to step up loan recovery to about 84 percent by 2024.
Hajia Abibata Zakariah bemoaned the slow nature in recovering loans from most beneficiaries across the country.
Speaking to Kwaku Nhyira-Addo on The Asaase Breakfast Show last Friday, she said MASLOC had recently initiated incentive packages for staff to achieve the set target.
“I am hoping that by 2024 MASLOC should be able to recover about 84% of funds that have been loaned out. MASLOC in the past has only relied on government funds but going forward, we are looking at other avenues for funds,” she said.
“People take MASLOC loans and they feel reluctant to pay … we do not want to resort to court proceedings and so people must settle their loans as and when,” she added.
The MASLOC Chief Executive said her outfit would now focus more on market women because they pay their loans on time.
“Going forward, our attention will be on the market women because their recovery rate is very good,” Hajia Abibata Zakariah said.
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