Maglans Micro Credit, a non-bank financial institution located in Obuasi has been adjudged the Microcredit Enterprise of The Year, 2020 at the 2nd Ghana Credit Excellence Awards organized by the Chartered Institute of Credit Management (CICMG)
Maglans Micro-Credit, formed in 2016 and based in Obuasi has been serving indigenous traders, the informal and small business enterprises since its formation.
The event which took place at the Tomreik Hotel in Accra on the 16th September,2021 with the Director of Banking Supervision Department of Bank of Ghana, Osei Gyasi as the guest speaker and witnessed by of some the industry leaders.
Lanslord Asumakah, who is the manager of Maglans Micro Credit and a Chartered Credit Professional, received the award on behalf of the company.
Speaking to YEN.com.gh, the young CEO said the award indicated the hard work and excellent service of the company and more should be expected from them.
About Maglans Micro-Credit
Maglans Micro-Credit Services is a non-bank financial institution registered at the registrar of companies and licensed by bank of Ghana to give out loans.
Maglans Micro-Credit Services have Bank of Ghana and Micro-Credit Association of Ghana as its supervising authority. Maglans Micro-Credit Services is an institution which serves both the formal and informal sector but committed to serving the needs of the informal, indigenous traders and small business enterprises who have been neglected and not catered for by the commercial and traditional banks.
Maglans Micro-Credit Services is registered with Registrar General’s Department of Ghana to provide credit under the Business Names Act, 1962(No. 151) with the registration number BN045162016 on the 8th February, 2016. And also operate under Bank of Ghana through the Micro-Credit Association of Ghana with operational license number ML/BOG/16/00405
The Chartered Institute of Credit Management- Ghana has been running the award scheme since 2019. The maiden edition of the award scheme was held in 2019 but in 2020 due to the impact of COVID, organizers had to put the event on hold.