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.

Regulatory Compliance


Sikamaster (SML), is a 24/7*365 well-capitalised internet first, forward-thinking, safe, robust, resilient, smart & responsible direct lender for the working class (we don't lend to the unemployed). 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. SML does not charge any upfront fees before lending.

The Bank of Ghana (BoG) does not regulate some forms of no upfront fee non-deposit taking financial services, buy to lets, seller financing, commercial mortgages, secured loans, unsecured loans, earned wage access or workplace loan schemes, buy now pay later products, bridging loans, trusts, overseas mortgages, and conveyancing or debt management.

Our loans are strictly for existing customers of The TDG Ecosystem (including employees of existing business customers of, existing tenants of and all Private-Sector Salaried Workers recruited via TDG Jobs Ghana platform). Our Home Mortgages can only be used to buy from or through DCANS Properties.

All Business Loans have been moved to (a sister company). provides loans to all kinds of businesses, be it large or small and not necessarily startups alone. All Construction Loans have been moved to Build Now Pay Later. All Auto Loans have been moved to Glostar Motors.

All Buy Now Pay Later (BNPL) Loans (incl interest-free and interest-bearing) have been moved to DCANS Pay (a sister company).

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