The credit institution located off the Kambali road on top of Consolidated Bank Ghana was commissioned on Tuesday, July 6, 2021.
Speaking in an interview with the Chief Executive of the institution, James Sohimwininye, he said the Reality Micro Credit exists to offer soft and flexible loan facilities to persons and groups, both in the formal and informal sectors of the economy.
Mr Sohimwininye said the core business if the institution is to create value for money and properties.
He added that the institution however do not offer the loan cash in hand to the borrower but rather see to the payment of what he or she intends to use the money to.
He said the paradigm shift in the administration of loans is to ensure that indeed the borrower gets to accomplish his or her dreams.
He asserted that the protocol will maximize the benefiting chances of borrowers and prevents defaulting by borrowers.
“One would ask why we don’t just give the money to the borrowers, it is because of the value we said we are creating,” Mr Sohimwininye explained.
Content created and supplied by: GH_JOURNAL (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More