MICROCAPITAL BRIEF: Microfinance and Small Loans Centre (MASLOC) to Disburse $24m to Cover All Regions of Ghana During 2011

The Microfinance and Small Loans Centre (MASLOC), an institution established by the Ghanaian microfinance industry to administer, coordinate and monitor microcredit schemes in the country, has announced a plan to increase its disbursements to cover all regions of the country through on-lending.

Mrs Bertha Ansah Gyan, Chief Executive Officer of MASLOC, says that the organization seeks to make available GHC 230 billion (approximately USD 16 million) for microcredit on-lending and GHC 11.5 billion (approximately USD 8 million) for small loans. It is unclear whether MASLOC would disburse the loans itself or through its member microfinance institutions (MFIs).

The 47 Ghanaian MFIs reporting data for 2009 to the Microfinance Information Exchange (MIX), the microfinance information clearinghouse, have an aggregate loan portfolio of 131 million, total assets of USD 156 million and 359,000 million active borrowers.

By Trevor Kwong, Research Assistant

Sources and Additional Resources:

[1] Source Article: Ghana News Agency: MASLOC to be fully automated early next year:

http://www.ghananewsagency.org/s_economics/r_22445/

[2] Citifmonline: MASLOC to cover the whole country:

http://www.citifmonline.com/site/business/news/view/14254/3

[3] Microfinance Information Exchange: Ghana:

http://www.mixmarket.org/mfi/country/Ghana

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