DKM Microfinance Investors fume over paltry Gh¢10 compensation

According to them, the compensation was an insult given the huge investments they have made.

  • Published:
24/7 Live - Subscribe to the Pulse Newsletter!

Some clients of the defunct DKM Microfinance Limited on Wednesday expressed anger in Bolgatanga, the Upper East regional capital, over an alleged move by liquidators to reimburse only Gh¢10 or Gh¢20 to each customer for huge investments made.

The clients had thronged the premises of the Bolgatanga branch of GCB Bank for the repayment of the withheld savings.

But they were shocked after many of them were handed Gh¢10 or Gh¢20 as compensation.

According to them, the compensation was an insult given the huge investments they have made.

READ ALSO: DKM Microfinance Shock from paltry repayment kills customer

Many of them have vowed to vote against President John Mahama and the governing National Democratic Congress (NDC) on the matter.

“How can you invest this heavy money and come and collect Gh¢10? Imagine- are you going to give it to fowls? If you are rearing fowls, Gh¢10 cannot even feed your fowls, not to talk about feeding your family and paying your children’s school fees,” Robert Aduko, one of the depositors lamented.

“Some of us came last night. We had to queue here. And they are telling us they are giving us Gh¢10. We don’t understand how come Gh¢10. We did an investment and you are giving us Gh¢10. What are we going to do with Gh¢10? All we want is our money. We don’t want any Gh¢10 because that is not what we invested.

“They should just give us our money. That is what we demand. If they are not ready to do that, they should just forget about it. We are not ready to take that Gh¢10,” Asuah Zakari, told Starr FM.

A customer of the embattled microfinance company DKM allegedly died on Monday after he was shocked by the paltry sum given him as his repayment package on Monday (October 17).

READ ALSO: Police seeks injunction to prevent demonstration by DKM customers

Most customers who have received their compensation have threatened a court action. They argue that the compensation is not equivalent to what they invested.

DKM was forced to suspend operation in 2015 after an audit report revealed that the company did not have enough assets to back its liabilities to its customers.

Recommended Articles