The Manager of the office of the Chief Executive Officer of Microfinance And Small Loans Center (MASLOC), Mr. George Osei Oware has disclosed that statistics has proven that women who take loans from MASLOC are able to pay on time than the male counterparts.
Based on the statistics, he encourages women to continue being productive in their cooperatives for a lot await them in MASLOC.
He made these revelations on Saturday, 9th March 2019 at Kyebi Oforipanin ahenfie when he was invited as a resource person during the queen mothers cooperative training program for all the queen mothers in Akyem Abuakwa Traditional Area.
“Reports show that women don’t normally default their loan contracts. Women pay their loans so I will encourage you to be productive in your cooperatives for MASLOC is there to help you”, he said.
Mr Osei Oware added that MASLOC doesn’t give loans to starters but those who are already in the business to help bolster their capital.
“If you give loan to a starter, that person may need a grace period before the start of paying but one who is already in it does not. Experience has also shown that if there is delay in payment of the interests, the clients find it difficult to pay so payment starts right away”, he added.
That notwithstanding, he told them that if one person defaults in the group loan, it means they have all defaulted and therefore need to be each others keeper.
The Queen Mothers cooperative training program was fully represented by the queen mothers in the various communities, towns and villages in the Akyem Abuakwa traditional area.
The program was chaired by the queen mother of Akyem Abuakwa traditional area, Okyenhemaa Nana Dokuaa and Ahenenanahemaa Nana Akosua Buor, the coorditor for Okyeman women Empowerment Program played an integral part.