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Regional News of Monday, 24 June 2013

Source: B&FT

Noble Dream sympathises with Central Market fire victims

Management of Noble Dream Financial Services Limited, a reputable micro-finance company in Kumasi, has paid a visit to victims of the recent fire incident at Kumasi Central Market.

The Head of Operations, Mr. Isaac Oppong, in his interaction with the fire victims assured the traders of his company’s total support to put them back in business.

According to him, the company has resolved to first of all waive all interest on pending loans, to ease the emotional difficulties the traders are currently going through.

He said it is even the wish of Management to cancel all loans outright, but that is not possible because the loans they give out are all customers’ investments and deposits.

Management of Noble Dream Financial Services is ready to put their customers back in business by offering them a top-up of their loans to enable them bounce back to brisk business.

“We are interested in seeing substantial growth in the kind of businesses our customers do so that they can pay back their loans with interest; turning our back against them in these difficult times and going after them to pay back the loan with interest would not be a good business decision to take. We will rather give them all the needed financial support so that they still be in business,” the Head of Operations told B&FT in an interview.

Management of Noble Dream will not ask for any repayment of the top-up loan they will give. It is, therefore, expected that they do brisk business with money to gain firm grounds before they can start paying back the loan.

So far, affected customers of Noble Dream of the Central Market fire disaster number about a thousand -- with an estimated amount of GH¢1,000,000 as outstanding loans.