Agona Rural Bank disburses GH¢7m in loans to women groups

The Agona Rural Bank granted over GH¢7 million in 2015, to more than 2,100 women groups engaged in small and medium enterprises.

Mr. Ben H. Amosah, General Manager of the Bank which is headquartered at Agona Kwanyanko, made this known to the press at Agona Kwanyako.

He stated that the 2015, economic situation was not favourable, but with prudent management the Bank was able to disburse the money to the women to expand their businesses.

The General Manager said the groups were formed at Suhum- Kraboa- Coaltar and Asamankese among others in the Easter Region with education to enable them know how to manage the facility.

He said that apart from the GH¢7 million released by the Bank to the women groups in 2015, the management has set aside substantial amount to be given to other women groups at Agona Swedru and other adjoining towns.

Mr. Amosah said since the credit officers had given women groups sufficient education, repayment of loan facility had not been problem at all.

He said the money released was a revolving one, to help others on the waiting list hence the need for quick repayments.

The General Manager said apart from financial support offered to the women groups, the Bank has also set aside some amount to be given to government workers.

He said the salaried workers can access the loan facility to enable them pay their children’s school fees and also help to undertake their building projects.

Source: GNA