The Northern Zonal Coordinator of the Microfinance and Small Loans Centre (MASLOC), Mr. Simon Aamwaa Yiryel has strongly advised recipients of MASLOC funds not to divert the loans into other things rather than the intended purpose.
Mr. Aamwaa Yiryel said the loans you are receiving today are meant to assist you in your businesses, so be careful not to misapply the loans.
Citing WA in the upper west region as a bad example where some recipients misapplied their loans and bought motorbikes for pleasure rides and even married additional wife, he said such a bad practice is definitely unacceptable and unthinkable.
“It is better for you not to take the loans than take it only to misapply it and when the repayment time is due you throw your hands in the air” he advised.
Mr. Yiryel said this in Bawku when his outfit disbursed MASLOC loans to the tune of GH ¢56600 to 323 people in twenty one (21) different groups.
Mr. Yiryel said it is not easy for the Government to continue to pump money into MASLOC so therefore when recipients like you are lucky to be selected, you should ensure that the loans are repaid to enable others to benefit.
On his part the Bawku Municipal Chief executive Hon. Abdulai Abanga thanked the government on her decision to assist business women and men in the country with loans to help them grow their businesses.
Hon. Abdulai Abanga said “I am very happy today to see people in Bawku benefit from MASLOC loans because when the disbursement of the loans delayed due to the conflict at the time, some politicians took advantage and multiplied their lies to the effect that the Government had deceived them”.
Hon. Abanga advised the recipients to invest the loans wisely in their business.
On the conflict, Hon. Abanga stated clearly that the Government has no hands in the conflict therefore nobody should politicized it and should allow everybody to join and vote for a political party of their choice irrespective of their tribe, sex, or social groupings.
JAMES DORGBETOR
MUNICIPAL INFORMATION OFFICER
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