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Customers give micro-finance company ultimatum

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CedisCustomers of Jastar Motors and Investments Company, a microfinance company at Dormaa-Ahenkro, have given the company’s management a one week ultimatum to release their deposits.

Mr Kwame Freeman Ndor, the group’s spokesperson, said this at a press conference last Thursday at Dormaa-Ahenkro, attended by about 200 customers.

Mr Ndor said their relationship with the company started about 10 months ago when it put up a radio commercial on Dormaa Community FM Radio, inviting the general public to deposit sums of money for interests.

He said about two months ago, the institution suspended payments of their deposits and accrued interests, saying customers had remained hopeful that things would normalise but till date nothing had changed.

Mr Ndor said they were gradually running out of patience as they could no longer tolerate management’s insensitivity to the plight of customers.

He said management’s actions and inactions had led to the loss of lives and jobs and even the education of some customers had been brought to a halt.

“Marriages are collapsing and others developing blood pressure. Sadly, some women have suffered miscarriages all due to the wickedness on the part of Management of Jasta Motors.

“The average person cannot afford three square meals because we are saddled with debt. No one seems to have clues as to what is causing the delay,” Mr Ndor said.

He said customers were expecting that their monies would be released after the management had met with the Brong-Ahafo Regional Minister recently, where they had promised to pay the deposits by August 31, with the help of security men “but we have been deceived by management.”

Source: GNA

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