Self-Regulation

Appropriately compliant as a non-deposit-taking, no upfront fee direct lender, to accommodate our responsible, innovative and creative financing strategies within certain parameters - in filling the void left by traditional bank lending and in providing a crucial source of capital for small- and medium-sized businesses and other creditworthy borrowers.

 

Key Considerations

• Code of conduct and

• Standardised interest rate and fee disclosures

• Treating Customers Fairly

• Non-predatory lending practices

• Effective risk assessment and management

• Principles of transparency and accountability: transparent pricing and terms

• Responsible underwriting and lending

• Non-discriminatory, credit access, and fair collection practices

• Repayment Assistance Programmes

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 GhanaStartups.org, existing tenants of RentNowPayLater.net 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 GhanaStartups.org (a sister company). GhanaStartups.org 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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