6th July 2023 10:18:16 AM
2 mins readChief Executive Officer (CEO) of MASLOC, Hajia Abibata Shanni Mahama Zakariah, has urged staff members, stakeholders, and other affiliated entities to give it their all in order to capitalize on the success of the AfDB funding to the organization.At the joint $31.34 million Post COVID-19 award announcement by the African Development Bank and the Government of Ghana in Accra, Hajia Zakariah made this statement.
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She emphasized the importance of paying close attention to making sure that the project's key performance metrics are properly followed in order to realize its maximum benefits.Additionally, she emphasized the significance of implementing the Livelihood Restoration Program with a strong focus on a comprehensive strategy for restoring livelihoods.
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This strategy aims to provide crucial support to youth and women, enabling them to swiftly reestablish sustainable income-generating activities and mitigate the vulnerabilities arising from the far-reaching effects of the COVID-19 pandemic.Hajia Zakariah further emphasized the importance of entrepreneurship and employment opportunities for youth and women, recognizing the intricate link between livelihoods, income sources, and vulnerability.
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In light of this, she recommended that the primary livelihood support program concentrate on skills training and address the specific needs of disadvantaged and vulnerable individuals and groups within the youth and women populations.She emphasized the significance of identifying marginalized or disadvantaged individuals and groups who are more likely to face severe repercussions from the impacts of COVID-19.
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By recognizing the heightened challenges they face, appropriate measures can be taken to alleviate their conditions and ensure equitable support is provided.
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Expressing her gratitude to both the Government of Ghana (GoG) and the African Development Bank (AfDB) for their support to the Microfinance and Small Loans Center (MASLOC), she acknowledged that this grant marks a significant milestone for MASLOC, opening doors to additional financing opportunities that can meet the growing demand beyond traditional institutional sources.
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She emphasized that she would continue to guarantee that the organization fulfills its responsibility in alleviating poverty by creating jobs and wealth for both women and youth.Hajia Mahama Zakariah emphasized the importance of MASLOC having a positive image to match its brand, which will assist position the institution to win future donations for the aim of aiding disadvantaged groups based on gender, economic status, and other factors.
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She was upbeat, considering that the implementation of new reforms has been swiftly developing and contributing to the establishment's strong image since her appointment as CEO.
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Hajia Zakariah took the opportunity to thank the government and the AfDB for the funding noting that it is very important and strategic to complementing this unique initiative to reach out to more Developmental Finance Institutions to supplement their efforts in providing access to financing for all customer segments across sectors, particularly those in agriculture value chains, MSMEs, Youth and Women businesses.
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