{"id":605112,"date":"2019-04-04T20:59:15","date_gmt":"2019-04-04T20:59:15","guid":{"rendered":"
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The Microfinance and Small Loans Centre (MASLOC) is chasing defaulters in the country\u2019s legislature to settle overdue loans they took from several years ago.<\/p>\n

Chief Executive Officer, Stephen Amoah said the Center has written to Parliament demanding the Speaker to release some \u2018debt-dodging\u2019 MPs to enable legal action to be taken against them.<\/p>\n

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The defaulting MPs, he noted, cut across both political divides in the House.\u00a0<\/p>\n

\u201cWe wrote to the Clerk\u00a0[of Parliament], we\u2019ve sent a reminder and we put letters in the pigeon holes of those who owe us and surprisingly we haven\u2019t heard much,\u201d the CEO told Joy News\u2019 Elton John Brobbey, on the sidelines of swearing-in of the newly constituted management board of MASLOC, Thursday, April 4.<\/p>\n

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Some of the facilities, he mentioned date back as far as 2007. According to him, some of the defaulters also include celebrities in the entertainment industry some of whom they are unable to trace due to a poor addressing system.<\/p>\n

\"Stephen<\/p>\n

Stephen Amoah<\/b><\/p>\n

\u201cI\u2019ll use your medium to plead with them, they are the lawmakers [so] they should make sure that they set very good examples and make sure that the loans are paid,\u201d Mr. Amoah pleaded.<\/p>\n

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MASLOC is the microfinance apex body responsible for implementing the government\u2019s\u00a0microfinance programmes targeted at reducing poverty.<\/p>\n

It has been providing micro and small loans for start-ups and small businesses with fast, easy and accessible microcredit and small loans to grow and expand their businesses as well as to enhance job and wealth creation.<\/p>\n

However, a major challenge the Centre has been facing is the failure of loan beneficiaries to redeem the facilities they take.<\/p>\n

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The non-remittance he said, exceed \u00a2100 million yet the Centre has been able to collect only \u00a210 million in the last couple of years.\u00a0<\/p>\n

The CEO said efforts are being made to improve on their collections so they would be in a good position to offer support for persons who need their service.