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Tuesday, February 22, 2011

MASLOC begins prosecution of loan defaulters

Ho, Feb 15, (Mensah) GNA-Ten out of the over 200 defaulters of the Micro-Finance and Small Loans Centre (MASLOC) credits in the Ho Municipal Area were on Tuesday arraigned at the Ho Municipal Magistrate’s Court. They are Regina Amematekpor, Antie Addakey, Patience Apreku, Isaac Azadagli, Glover Mensah Raphael, John Defor, Anthony Gogah, Nelson Asase, Margaret Letsa and Olivia Safor. They did not file affidavits of opposition to the writs of summons and were committed by Mr Yaw Atta Sampong, a Circuit Court Judge sitting as Magistrate to pay up or suffer sanctions. He awarded penalties and cost against some of the defendants while others deemed to have made some attempts at settling the loans were spared. Mr Carlos de-Souza, a Lawyer who represented MASLOC said the loans were granted from state funds and recipients have the “civic responsibility” to pay back but some had made no attempt at paying back. The loans mainly granted in 2008 ranged from 1,000 cedis to 3,000 cedis with interests.
15 Feb 11

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