Eban Money Minimal, a Ghanaian Fintech, and its technologies partners, have rolled out the initial phase of the Integrated Software program Platform (ISP) for Micro-Finance and Tiny Loans Centre (MASLOC) to commence a new strategic progress.
The associates – Temenos SA, Inlaks and Wizarpos Intercontinental of Shanghai China – helped in starting off the new system aimed at reworking MASLOC into a thoroughly digital business with improved capabilities.
This will enable it to deliver on its mandate and carry its operations abreast with modern world wide technological developments.
A statement from Eban Money said the ISP was secured by means of an agreement with Eban Money Restricted and it would support the operating of all functions of MASLOC across its 216 newly established district centres, the regional workplaces, and Head Office environment.
It claimed the ISP had been a essential feature of the strategic development system of MASLOC for the previous 18 months, incorporating that internal processes and functions of the Centre’s departments have been integrated on the ISP as portion of the deployment of the 1st section.
The statement stated the integration of the departments’ interior procedures was to introduce effectiveness into MASLOC’s operations which include the considerably-wanted enhancement in personal loan disbursement and repayment in collaboration with ARB APEX Financial institution.
It stated as part of the improvements, prospects and clientele of the Centre would be issued with biometric playing cards interfaced with biometric stage-of-sale gadgets all joined to the system via ARP APEX Lender.
The 2nd stage would protect the growth of on the net organization answers together with Mobile App for Android/iOS/World-wide-web entry for all types of MASLOC consumers.
It would guarantee a completely paperless method for a mortgage application, credit history administration, disbursements, and repayments, it explained, introducing that personal loan officers shall be assigned to each individual applicant based mostly on their area (area and district) working with their digital addresses.
The statement stated at the start of the ISP, Mr Jim S. Amegah, the Chief Government Officer of Eban Capital Ltd, shared the Company’s motivation to help the digital transformation of Ghana’s overall economy with the stakeholders present.
“We found a wonderful option for partnership in MASLOC’s motivation to integrate their overall operations. Our assure of ‘real partnership’ is hinged on our motivation to supporting initiatives by governments and other actors to decrease poverty, raise the inhabitants, which can assess economic expert services, supply employment and the attainment of a hard cash-lite financial system amongst many others making use of our globally integrated monetary solutions system,” Mr Amegah was quoted as declaring.
“This would make us most effective positioned to assist MASLOC’s agenda and to present impetus to unparalleled socio-financial development in Ghana and Africa wherever our programmes would make certain the Continent achieves at the very least 5 out of the 17 Sustainable Improvement Targets (SDGs)”.
Vice President Dr Mahamudu Bawumia, launching the ISP, expressed delight that this sort of a essential part of the Ghanaian SME sector had embraced fashionable know-how and the use of ICT in service shipping and delivery.
That would location MASLOC in a placement to react appropriately to the changing world order arising from the effects of Covid-19, he famous.
“The implementation of what we can call the ‘MASLOC Card’ could not have appear at a greater time. It will make general public sector services shipping and delivery and the administration of credit score schemes easier and efficient.”
Ghana, before the outbreak of the Covid-19 pandemic, had taken a decision to aggressively go after digitization.
Mr Stephen Amoah, the Chief Govt Officer of MASLOC, indicated that with the ISP, MASLOC was poised to delivering on its goal of delivering cash to SMEs, in particular the unbanked consumers who type a greater share of the casual sector of the financial state.
He stated that candidates have been expected to obtain the effects of their purposes inside of 24 hrs with the new platform.