Multicredit Savings and Loans Company is providing Gh₵30,000 relief package to traders at the Kumasi Central Market affected by the recent fire outbreak.
Fire gutted the second-hand clothing section of the market about a month, razing down several shops.
Based on the strength of transactions with the firm, the affected traders would receive Gh₵200–Gh₵500 each as support to resuscitate their businesses. The amount will be accessed free without any conditionality, according to the company.
Sales and Marketing Manager, Jane Marshal-Amissah tells Luv Biz other support packages are available to aid the traders, including writing off loans balances below 200.
“Multicredit is here to support the traders because we are partners,” she said. “We’re going to give them soft loans to start business with.”
The traders were full of praise or the gesture by the company.
But Mrs. Marshal-Amissah enjoined them to develop interest in insuring their operations.
Meanwhile, Multicredit plans to grow its nationwide network branches from the current 52 to 60 by end of year as part of an expansion drive.
Story by Kofi Adu Domfeh
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