Hajia Abibata Shanni Mahama Zakariah, the CEO of the Microfinance and Small Loans Centre (MASLOC) has said they will step up efforts to recover about 84% of loans by 2024.
Zakariah bemoaned the slow nature in recovering loans from most beneficiaries across the country.
Speaking to Kwaku Nhyira-Addo on The Asaase Breakfast Show on Friday (18 February), she said MASLOC has 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,” Zakariah said.
She added: “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.”
The MASLOC boss says her outfit will 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,” Zakariah said.
Fred Dzakpata
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