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96 of the 347 collapsed Microfinance companies now operational

28/10/2019
Reading Time: 2 mins read
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96 branches of the 347 collapsed MFIs are now operational. The branches are opened to serve the customers of the institutions, as well as the customers of other MFIs whose licenses have been revoked.

According to the receiver of the collapsed microfinance, this implies that the Receiver’s team will cease to operate from the other branches of the affected Microfinance Companies outside the 96.

A statement signed by Philomena Kuzoe, the spokesperson to the receiver, reads; Stakeholders are advised to visit these 96 operating branches nearest to the MFC branches which the Receiver has shut down, for loan repayments and any other enquiries relating to the receivership of their affected MFCs.

Please note that the working hours for the maintained MFC branches is from 8:00am to 5:00pm, Mondays to Fridays. The Receiver continues to make payments to the extent possible, to depositors whose claims in the receiverships have been duly validated and admitted.

Debtors of the affected 347 MFCs who have not fully settled their obligations to their MFCs should do so at the operational branches designated as their branches as soon as possible.

ALSO READ: This is the Full list of the 137 microfinance companies in good standing

With the 96 operational Microfinance, 52 are in the Greater Accra Region, 14 in Ashanti Region, 4 in Bono Ahafo Region, 5 in Central Region, 6 in the Eastern Region,1 in the Northern Region, 3 in the Volta Region and 11 in the Western Region.

Check the full list below

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