Prohibited Business

The following categories of businesses and business practices are restricted from Sikamaster Services. (Restricted Businesses can be accepted only upon separate approval):

• Online tobacco, e-cigarette sales, or related items (such as personal vaporizers or e-juice)

• Marijuana dispensaries and related businesses

• Lotteries, lotto, internet gaming, contests, sweepstakes, or offering of prizes as an inducement to purchase products or services

• Money transmitters or money service businesses

• Prepaid phone cards, phone services or cell phones

• Stored value, e - wallets, e - money

• Currency exchange

• Government of Ghana Business or Contract


The following categories of business and business practices are prohibited from using the Sikamaster Service (“Prohibited Businesses). Most, although not all, of these Prohibited Business categories are imposed by Sikamaster rules or the requirements of our banking providers or processors and the law. If you are uncertain as to whether your business is a Prohibited Business, or have questions about how these requirements apply to you, please contact us.

By using any of our services, you are confirming that you will not use the Service in connection with the following businesses, business activities or business practices:

• Weapons and munitions, fire arms, ammunition, high capacity magazines, teasers, air gun

• Alcoholic beverages

• Narcotics

• Unlicensed prescription drugs

• Gambling

• Exchanging virtual currency for fiat currencies

• Sports forecasting or odds making

• Online pharmacies or pharmacy referral services

• Security brokers

• Hazardous materials, combustibles, corrosives

• Substances designated to mimic illegal drugs

• Sexually-oriented or pornographic products or services

• Escort Services

• Multi-level marketing or pyramid schemes or network marketing or referral marketing programmes

• Pawn shops

• Flea markets

• Counterfeit products or Unauthorised Goods

• Human Body Parts, Fluids and remains

• Illegal products or services

• Any product or service that infringes upon the copyright, trademark or trade secrets of any third party

• Sales, distribution, or access to counterfeit music, movies, software or other licensed materials without the appropriate authorization from the right holder

• Promotion of hatred, racism, religious persecution or the initiation of force against others

• Portrays of religious or cultural symbols in a manner construed as offensive or unacceptable

• Crowdfunding platforms

• Umbrella organisations that receive money of charities

• Platforms that facilitate C2C payments

• Unfair, predatory or deceptive practices: Get rich quick schemes, Investment opportunities or other services that promise high rewards; Sale or resale of a service without added benefit to the buyer; resale of government offerings without authorisation or added value; sites that we determine in our sole discretion to be unfair, deceptive, or predatory towards consumers

• High risk businesses: any businesses that we believe poses elevated financial risk, legal liability, or violates Ghanaian laws or banking policies

• Funding any of the items included on this Prohibited Business List

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.