The Sikamaster Story...

Sikamaster Loans (SML) started as a workplace benefit for employees and staff of The DCANS Group, aside the group founder's painful personal and business experiences.

Our first official foray into the lending business was in 2012 as an arm named DCANS Money Lending (DML) under DCANS Investments Ltd. DML was a non-deposit taking direct lender lending private funds in as quickly as in less than 2hrs between GHs300 and GHs5,000.

DML still had a non-performing loan size of GHs148,764.80 as at the time of evolving/pivoting it into Sikamaster Loans -- the GHs200,000 ($100,000 at an exchange rate of  approx GHs1.88/2.0 = $1 as at 2012) was all from the group founder himself, from his proprietary forex trading kitty then.

SML, unlike DML, has diversified and bigger lending pot. The Sikamaster Loans brand seeks to correct and re-strategise to plug all the loopholes that made it easier for borrowers to abscond or for loans to go bad or delinquent -- as evident in our current risk management practices and/or responsible lending policies.



Before DML the founder started small lending business with income from his side hustles -- making very small loans to colleague student borrowers secured against a collateral (usually was against textbooks, desktop computers at that time, and later was lending against phones and laptops) during his medical school days.



The over GHs148,000 learning curve has provided priceless lessons in running a sustainable, profitable and tremendous service delivery models for our current growing credit business, Sikamaster Loans.


'Wampah Put'

The regulator's action on February 19th 2014 on the restrictions impossed on Foreign Currency Accounts  (FCA) and Foreign Exchange Account (FEA) posed exogenous risk to our business model, in lieu of our funding sources.


Sikamaster Loans

Sikamaster Loans is growing rapidly, though 'very slow and steady'. The aim to become Ghana's number one non-deposit taking direct lender remains on course.

Useful info

Sikamaster, is a 24/7*365 well-capitalised internet first, forward-thinking, safe, robust, resilient, smart and responsible direct lender for the working class and modern and/or scalable small, medium & large businesses, including startups.

SML is not; a microfinance institution, and neither a savings & loans company or a Specialised Deposit-taking Institution (SDI) of any form, kind or type. SML does not seek and/or accept outside capital.

Rolling out a secured, safer, convenient, revolutionary automated self-care, ethical, no upfront fee, direct lending platform in phases (three phases remaining).

Fully compliant with AML and KYC regulations.

We're Social


Ghana's 24/7 Direct Financing Hub

Not all our loans require a collateral - But if your loan requires one, any property used as security (which may include your home or pensions and/or business assets, or personal guarantees) may be repossessed if you do not keep up repayments on a loan or any other debts secured on it. Our Repayment Assistance Programme is available to qualified borrowers only.
Please read Terms & Conditions, Cookies Policy, Privacy Policy, Data Retention Policy, & Modern Slavery Policy before using this website or our service.
All loans are subject to affordability, applicant verification, traditional credit checks and TDG Scoring via various national databases in accordance with Sikamaster''s responsible lending policy. If you're not sure whether Sikamaster Loans lending is right for you, please seek independent financial advice, and if you decide to borrow from us, please read our How We Operate before you proceed.