Lord
Winners Microfinance Company is confident of bouncing back to operations,
following an investor interest to inject capital into the business.
The
firm has been in financial distress, resulting in failed attempts by customers to
access their deposits.
Branches
of the microfinance firm have been closed for weeks, following panic withdrawal
and vandalization of property by some customers.
At
an open forum organized by the firm in Kumasi, clients poured their anger on managers
of the microfinance firm.
Chief
Executive Officer, Joseph Ampah, however assured them of getting back their
contributions.
He
says there are arrangements to refund clients of their deposits within the next
month but pleaded for patience to refund their contributions.
Mr.
Ampah tells Luv Biz Report all branches in Kumasi, Hwidiem and Tepa are
re-opening for business from Monday.
He
will not disclose the source of additional funding but says the cash flow will help
sustain the business.
A
number of microfinance institutions in the Ashanti region and other parts of
the country have either collapsed or faced liquidity challenges in the past few
months.
Story
by Kofi Adu Domfeh
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