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MASLOC Microfinance and Small Loans Centre Credit Scheme

Microfinance and Small Loans Centre (MASLOC) · Federal Government
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GhanaAgricultureTradeArtisanalServices

About this opportunity

MASLOC offers loans from GHS 200 to GHS 10,000 at concessionary rates for startups and small businesses in Ghana, particularly in agriculture, trade, and services. You must be 18–65, Ghanaian, with a viable business idea and either guarantors or group membership.

MASLOC is a Government of Ghana institution that provides micro and small loans to individuals and groups who lack access to formal bank credit. Loans are offered at concessionary interest rates to support income-generating activities, particularly in rural and peri-urban areas. Target beneficiaries include farmers, traders, artisans, and small business owners.

Who can apply

  • Ghanaian citizens aged 18 to 65 years of sound mind
  • Individuals with a startup or ongoing business venture
  • Groups, associations, or cooperatives with 5–25 members and common production or operational interest
  • Farmers, traders, artisans, and small business owners
  • Applicants able to provide a Ghana Card and proof of business activity
  • Applicants able to name guarantors (for individual loans)

Not eligible

  • Non-Ghanaian citizens
  • Applicants under 18 or over 65 years old
  • Groups with fewer than 5 or more than 25 members
  • Individuals without a viable business idea or ongoing activity

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Documents you will need

  • Ghana Card
  • Proof of business activity (e.g. shop photos, stock records, customer lists)
  • Names and contact details of guarantors
  • For groups: list of members, proof of group registration or constitution, names of officers (Chairman, Secretary, Treasurer)
  • For small/project loans: evidence of business experience or trading history

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How to apply, step by step

  1. Prepare your Ghana Card, proof of business activity, and guarantor details (or organise your group of 5–25 members with common business interest)
  2. Visit your nearest MASLOC regional office or the Head Office in Accra during business hours
  3. Complete the application form and submit your documents for review
  4. Attend any follow-up meetings or site visits if MASLOC requests them
  5. Receive approval decision and loan disbursement (timeline not specified by MASLOC)
Save and track it and we will email you 14 days, 7 days, 3 days, 24 hours and on the morning of the deadline.

How applications are selected

MASLOC assesses applications at its regional offices and Head Office based on your eligibility, business viability, and ability to repay. For group loans, they verify your group structure and members' commitment. The organisation has no published timeline for decisions, so you should allow several weeks and confirm expected timescales when you submit.

What reviewers look for

  • Show that your business generates or will generate real income—traders with stock or customers, farmers with land access, artisans with tools or orders are stronger candidates
  • Provide guarantors with verifiable income or assets, as no formal collateral is required but repayment assurance matters
  • For group loans, demonstrate that members have worked together before or share genuine business overlap, not just a wish to access credit
  • If you are applying for a small loan above GHS 2,000–3,000, evidence of existing business experience (previous trading, sales records, supplier relationships) significantly improves chances
  • Ensure your group has functioning leadership and written rules; MASLOC will ask to see meeting minutes or records

Frequently asked questions

Do I need collateral?

No. Micro-loans require no formal collateral. You need guarantors and proof of business activity instead.

Can I borrow as an individual or must I form a group?

You can apply as an individual for small/project loans (GHS 2,000 upwards, typically). Group loans are only for groups of 5–25 members. Check with your regional office which loan tier suits your amount.

What is the interest rate?

MASLOC offers concessionary (reduced) rates, but the exact rate is not published on the main listing. Ask at your regional office when you visit.

How long do I have to repay?

Repayment periods are flexible. Discuss repayment schedules that match your business cash flow with the loan officer when you apply.

Where do I apply?

Visit any MASLOC regional office or the Head Office in Accra in person. The organisation does not publish an online application portal.

Guide written from the official programme page on 15 October 2026. Funders change their rules, so confirm the details on the official page before you apply.

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