One hundred and sixty-four groups engaged in various economic ventures in the Upper West Region have each received between GH¢2,500 and GH¢3,000 under the Microfinance and Small Loans Scheme (MASLOC).
In an address at the presentation ceremony, which also marked the launch of the scheme in the region, the Regional Minister, Mr George Hickah Benson, pleaded that the amount allocated to the region should be increased.
He said the demand for Micro Financial Services had been heightened as a result of the awareness creation by MASLOC.
He assured the officials of MASLOC that people in the region were hard-working and were poised to take advantage of the opportunities offered by the scheme to achieve a meaningful improvement in their lives.
“An increase in the MASLOC funds for the region will therefore assist immensely in our strive to eliminate or perhaps drastically reduce poverty,” the regional minister added.
Mr Benson gave the assurance that Regional Co-ordinating Councils and the District Assemblies were willing to assist in whatever way to ensure the successful implementation of the programme.
The Chief Executive Officer of MASLOC, Mr Lawrence Prempeh, reiterated that the fund was not for any political party or group of people.
He advised the beneficiaries, which included some people with disabilities, to invest the money profitably to enable them to repay the loans.
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