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March 11, 2014 • 0 Comments



Microfinance and Small Loans Centre (MASLOC) is a microfinance apex body responsible for implementing the Government of Ghana’s (GoG) microfinance programmes targeted at reducing poverty, check creating jobs and wealth.

Over the years MASLOC has modestly established itself not only as a microfinance institution that disburses micro and small loans to the identified poor in the various sectors of the Ghanaian economy, but also provides business advisory services, training and capacity building for small and medium scale enterprises (SMEs) as well as collaborating institutions, to provide them with the required skills and knowledge in managing their businesses efficiently and effectively.

MASLOC’s Mandate

Established in 2006 by the Government of Ghana, MASLOC is particularly mandated to:

  • Hold in trust Government of Ghana and/or Development Partners’ funds for the purpose of administering micro and small-scale credit programmes.
  • Provide, manage and regulate approved funds for microfinance and small-scale credit, loan schemes and programmes.
  • Be a micro finance  apex body responsible for:
    • The co-ordination and facilitation of the activities of institutions and organizations in the micro-finance subsector of the economy;
    • Promoting and enhancing the development of a decentralized micro financial system; and
    • The Co-operation, collaboration and complementarities with other non-bank finance institutions in the operations of microfinance services.

Products and Services of MASLOC

Micro-Credit or Small Group Loans

Under the micro-credit scheme, the main beneficiaries are groups/cooperative societies, each consisting of a minimum of 5 and a maximum of 25 members.

Small or Individual Loans

In the case of the small or individual loan scheme, an individual can access a minimum loan of GHC1, 000 and a maximum of GHC10, 000.

Wholesale Lending

Wholesale Lending to Microfinance Institutions (MFIs), Ministries, Departments and Agencies (MDAs) and Rural Banks for onward lending to the productive poor.

Benefits of Using MASLOC 

  • Easy to apply
  • Very accessible
  • Very fast loans
  • Highly competitive  interest rates
  • Flexible repayment  schedules based on gestation period of project
  • Less cumbersome application  procedure
  • Receive training and  capacity building services
  • Business advisory  services

How to Access MASLOC Loans

To access MASLOC loans, one must go through the following processes:

  • Submit  a written application to any of our District Offices nearest you, stating the  loan amount and the purpose of the loan;
  • You  will be invited by one of our Loan Officers for preliminary assessment;
  • You  will be advised on best practices, MASLOC’s interest rates and other  information you need to know;
  • Should  you qualify for the loan, your loan application will be processed; and
  • For MFIs, MDAs, NGOs, Banks etc. – a business plan or proposal will be required.

Eligibility Criteria for MASLOC Loans

Micro-credit or Group Loans

  1. The Group or cooperative society  membership must be between 5 and 25
  2. Individuals  in the groups must be between 18 and 65 years and of sound mind;
  3. The  Group shall have common production or operational interest; and
  4. The  group shall have its own leaders – mainly the Chairman and the Secretary, and  with internal rules and regulations

Small Loans

  1. Applicant  must be between 18 and 65 years and of sound mind;
  2. Must have an ongoing business venture or project;
  3. Must have sound knowledge and considerable experience in the business venture or  project;
  4. Start-up projects or business must be viable and capable of generating employment.

Wholesale Lending

  1. Must  be a recognised entity registered under the laws of Ghana;
  2. Must  be committed to poverty alleviation;
  3. Submit  a business plan or proposal;
  4. Submit  operational manuals especially credit;
  5. Provide current audited or unaudited financial statements.

*Because it deals with people across the economic divide, MASLOC does not generally require its customers to provide any business plan before accessing the loan. 

For further information click below: MASLOC