The new year is not only bringing changes in the lives of some individuals but also a change in how things are done when it comes to one of the most controversial money-lending firms in the country, Quick Credit.

Have you ever taken a loan from Quick Credit? If yes, I’m sure you already know how things are done in case you fail to repay your due balance. You would have to vacate your home if you wanted to have a good sleep while owing them.

The microfinance firm is known for its aggressive ways of going door to door to handle customers who borrowed money from them but failed to repay it on time.

However, things are beginning to change now, judging by the latest revelation of their board chairman, who stated emphatically that they now intend to desist from chasing people in their respective homes in a bid to force them to pay monies owed to them.

This decision was made known to the public by the founder and board chairman of Quick Credit, Richard Nii-Armah Quaye, at Quick Credit’s annual meeting held at the Accra International Conference Centre (AICC) on Sunday, January 7, 2024.

“Over the past years, we have received numerous feedback from our customers, the general public, and our regulator on our activities on the field,” he stated, indicating that “these feedbacks are reflections of the experiences and expectations of the people we serve.” He said

“I am thrilled to announce that we have taken a decision to dissolve the house-to-house recovery department of the company and shall no longer be visiting clients for recovery ever again,” He added

How Quick Credit staff fought workers and locked up their shops

On November 23, a video of Quick Credit staff fighting employees of an Accra-based restaurant went viral on social media and caught the attention of many Ghanaians.

Known for their aggressive way of retrieving unpaid loans, the restaurant is said to have been used in filling out a form for a loan that was given to the owner of the restaurant but failed to pay back as stated in their agreement form.