Ahantaman Rural Bank supports 300 traders in Mfantsiman

Isaac Arkoh, GNA

Briwa (C/R), July 23,
GNA – More than 300 traders and small scale business enterprises in the
Mfantsiman West District of the Central Region have benefitted from a 1.2
million cedis micro-credit facility made available by the Ahantaman Rural Bank.

The micro-credit
facility formed part of the Bank’s renewed financial intervention programmes
for individuals, groups, and small and medium scale enterprises to expand their
businesses to create more employment.

The beneficiaries,
made up of 26 groups of petty traders, fishermen and fishmongers, caterers,
electricians and electronic technicians, received between 2,000 to 20,000
cedis each.

The programme was
facilitated by the Social Investment Forum (SIF) to ensure the growth of
businesses and help reduce poverty, particularly in deprived areas.

The traders were taken
through months of business plan preparations, processes of business
registration and best practices including record keeping, marketing and how to
access credit.

Mr John Adjei, the
Head of Microfinance of the Bank, said the goal was to encourage young people
to take bold decisions to create jobs for themselves and others.

He said excellent
service delivery was a prerequisite for the successful growth of businesses in
a highly competitive business environment and urged the beneficiaries to make
it their topmost priority.

Mr Adjei said the
credit facility was in fulfilment of the Bank’s core mandate of providing
flexible, easy and accessible credit facilities to reduce poverty and create
enterprising business personalities.

He advised the
beneficiaries to use their monies for the intended purposes to generate more
income and improve on their living conditions.

Mr Adjei assured
traders and professionals such as bakers, hairdressers, dressmakers and barbers
who did not benefit that the Bank would support them to grow their businesses.

He said this would
enable them to make contributions to the growth of the economy and make life
more meaningful for others.

He said the Bank would
regularly monitor, guide, counsel and offer innovative ideas to businesses to
help them improve.

Madam Faustina Akuba
Mensah, the Western and Central Regional Zonal Coordinator of SIF, advised the
traders to put the credit assistance to good use to boost their businesses.

Mrs Naomi E. Acquah, a
representative of the beneficiaries, expressed her sincere gratitude to the
Bank and SIF for their support and promised to maintain a healthy relationship
by putting the monies to good use.


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