Help Center

Does my business need to be legally registered?

Yes. All businesses participating in the programme need to be legally registered in Ghana between the beginning of 2010 and the end of 2019

When should my business have been registered?

The business must have been legally registered between January 2010 and December 2019

What is the relevance of the COVID-19 pandemic to my business?

The business must be impacted severely due to the COVID-19 pandemic. That can be either reduced team size, canceled sales, halted operations, etc.

What stage of business do you support?

The programme supports all business. The business needs to be legally registered and have proof of previous revenue reflected on the company’s bank account, along with proof of paying clients and customers in 2019 or earlier.

I have an idea for a business. Would this programme be relevant to me?

This programme is aimed at businesses that are already legally registered, have been previously operational and have proof of previous revenue or paying clients and customers. However, if you are a startup, we have good news for you too: We lend to startups in Ghana via

How many team members can apply for financial support per business?

2-5 team members are eligible for financial support per business. At least one must be a founder or co-founder of the business. Other applicants can be part of the executive management team.

Can any team member apply for the programme?

The application has to be completed by a founder or legally authorized representative (e.g. Managing Director). The other members that can receive financial support can be part of the Executive Management team.

Is there an age limit for team members’ eligibility?

We don’t have an age limit for participating team members. However, there is a minimum age for eligibility for team members of 18 years.

Is there a limit to the business team size?

We have a minimum team size of 3 employees per business, including the founder(s)

What types of businesses are eligible to apply for the COVID-19 Relief Programme?

The business that can apply should be fully independent, neither a partner company nor an associated company.

Can I apply if I have investors as shareholders in my business?

You can apply if your business has investors as shareholders (this also applies if investors are majority shareholders). But your business has to be independent (it is neither a partner company nor an associated company, i.e. it is not majority-owned of another company).

How will you be able to validate that the applying businesses were negatively affected by the COVID-19 Pandemic?

As part of the application process, the entrepreneur will be requested to submit a previous financial statement for his business to prove that he had a working profitable business model before the COVID-19 pandemic and that his/her business was not facing liquidity problems prior March 2020.

Does the business need to have a business bank account?

Yes, the business needs to have a business bank account with any of the 23 universal banks in Ghana. This bank account should be in the name of the business and not that of the owner or founder.

Does the business need to have a website?

Yes, and the website must meet the criteria set out here

How much do I have to pay for participating in the programme?

You don’t have to pay anything to participate in the programme. We have even waived the loan processing fee that we usually taken from the loan amount being disbursed. The cost you may incur is setting up a website for your business. We provide you with financial support to ensure your business survives and thrives in the face of uncertainty faced due to the COVID-19 pandemic.

What form does this financing take?

It can either be debt financing or equity financing or both. But, take note that we always do debt financing (loan) before providing equity investments.

Will the financial support be directly transferred to my registered company’s bank account?


Does my company qualify for the COVID-19 Relief Programme?

Please review the different eligibility criteria for the business on the FAQ section focusing on eligibility criteria.

Can I apply if my company’s founder(s) is not a Ghanaian?

Yes you can, as long as your company is registered in Ghana between January 2010 and December 2019.

How and when do I apply?

You can apply here

What does the selection process look like?

The application process is simple. You submit basic data about yourself and your business. You will also have to submit more detailed information about your motivation, competitors, finances, etc.

Will you protect my intellectual property?

We only ask questions about your team, business model, motivation, financial situation, competitors, etc.

How will my business benefit from participating in the COVID-19 Relief Programme?

By getting accepted in this programme, your business will receive direct financial support (Up to ₵100,000 per business) over 6-12 months. Your business will also receive technical support in the form of business survival that help your business cope with the current market changes due to COVID-19 pandemic and individual mentoring sessions, adapted to your business’ needs. In addition, you will be granted access to The DCANS Group Limited's global network of businesses, mentors, experts and investors across four different continents.

Who is behind this “COVID-19 Relief” Programme and why is this initiative launched?

This is an initiative of The DCANS Group Limited (Registered in England & Wales), and dual-headquartered in Ghana & the UK, which aims to provide timely support via its subsidiary lending subsidiaries like Sikamaster Loans, to impacted businesses in Ghana.

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.