ADA: ELECTROCHEM supports women traders with interest free loans


Jacob Narh Nortah

A Salt Mining Company at Ada, Electrochem Ghana Limited a subsidiary Company under McDan Group of Companies, has provided Women traders in the area with an interest-free loan totalling ₵ 3 million. The financial assistance is part of the Company’s Community Support Scheme for the women in Ada to expand their businesses.

In all, 200 women traders benefited from the package, under the AEGIS of Electrochem. The support is in line with the Company’s goal of growing together with the Community. The Company’s Project Consultant, Dzigbordi Dosoo told journalists that there are many Small-Scale Businesses at Ada, but majority of them lack strategic business planning, coaching and financial blood to thrive. Most of these businesses are being handled by women who are breadwinners in their families. The support is therefore to improve the wellbeing of their families and communities.

“We first take the women and give them loans, just simply support funds to run the business. There was a selection process to select all the Communities and ask them to bring lists for the first batch. We screened the lists and selected the first batch who will not just undergo training but they will get financial support, they will get full training on the skills needed to become entrepreneurs. Once they go out to the Communities, our teams will be visiting them to give them continuous support until their businesses are established”, She said.

The Queen Mother of Adibiawer Clan, Naana Adiki Manyeyoo I, who is also the Head of the Corporate Social Responsibility Unit of Electrochem, advised the beneficiaries not to default in repaying their loans. She said they would be trained in business networking and financial management.

“They will be given 4 days counselling and training on Business Networking, Financial Management and to help them know how to handle their finances’’, the Queen Mother said.

She called on indigenes of Ada to support Electrochem Ghana Limited in carrying out developmental projects within the districts.

Some of the beneficiaries who spoke to GBC News after the program expressed excitement for the support.

The Ada Market Queen, Madam Ernestina Nartey, on behalf of beneficiaries thanked Mr. Daniel Mc Korley of Mc Dan Group of Companies, for the support.

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