Izwe Savings & Loans

What Izwe Savings & Loans does

Izwe Savings & Loans PLC is a Ghana-based non-banking financial institution regulated by the Bank of Ghana and associated with the Ghana Deposit Protection Corporation. Headquartered in Accra, the company has operated for over a decade and reports serving more than 230,000 customers nationwide. It specializes in secured lending against movable and immovable assets — including vehicles, property, and investment holdings that customers retain use of during repayment — and targets two principal segments: government employees and civil servants (via salary-deduction payroll loans), and small-to-medium enterprises (via iBiz secured business loans and an invoice-discounting platform). The product suite spans secured personal loans up to GHS 500,000, payroll loans up to GHS 400,000, business loans up to GHS 1,000,000, and complementary deposit, savings, current-account, and fixed-deposit products (iSave, Mobisave, Savings Plan, iVest, iFlex, iCash). Motor-insurance products are offered under underwriting partnerships with Serene and Sanlam Insurance.

The underlying technology is non-bank fintech infrastructure delivered primarily through USSD short codes (*887*55# for core banking; *272# for Mobisave digital savings) alongside a web platform (www.izweghana.com), with loans disbursed in less than 24 hours and business loans within 72 hours per company disclosures. Distribution combines physical branches, a dedicated agent network covering all of Ghana, USSD self-service, online applications, and a call center (with WhatsApp support). Revenue is generated through interest income on secured, payroll, and SME loans, transaction and discounting fees on invoice financing (2% processing fee plus discounting fee), interest expense on deposits and fixed deposits, and commission from insurance underwriting partnerships. A Refer-a-Friend program (GHS 500 / GHS 300 per funded referral) supports customer acquisition.

The go-to-market is sales-led with a direct-to-consumer USSD overlay: face-to-face agent and branch origination for higher-ticket secured and SME products, complemented by self-service digital channels for lower-ticket personal loans, savings, and account management. Customer segmentation is hybrid, partitioning the market into government employees (primary), SMEs (primary), and individual consumers. Pricing is broadly quote-based with interest rates differentiated by product — preferential for payroll loans, up to 14% per annum on savings plans, 12% on Mobisave, and competitive (above Treasury Bill) rates on iVest fixed deposits. No publicly listed funding rounds, revenue figures, or investor ownership stakes are disclosed in the available data.

Name

Izwe Savings & Loans

Legal name

Izwe Savings and Loans PLC

Website

https://izweghana.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

251–500 employees

Short description

Izwe Savings & Loans PLC is a Bank of Ghana-regulated, Ghana-based non-bank financial institution providing secured personal loans, payroll loans, SME loans, invoice discounting, savings, fixed deposits, and motor insurance to civil servants, small businesses, and individuals nationwide.

Ownership category

akta.pro rank

Headquarters

HQ city

Accra

HQ country

Ghana

HQ region

Africa

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Secured Personal Loans: Loans secured against assets (vehicles, property, investments) with repayment periods up to 48 months. Interest income constitutes primary revenue stream. Loan amounts up to GHS 500,000 for individuals.
2. Payroll Loans: Loans specifically designed for government employees with salary deduction repayment. Preferential rates for civil servants. Loan amounts up to GHS 400,000 with repayment terms up to 48 months.
3. Business/SME Loans (iBiz): Secured business loans for SMEs using assets as collateral. Maximum loan amount GHS 1,000,000 with repayment periods up to 48 months.
4. Savings and Investment Products: Interest-bearing savings accounts and fixed deposit investments. iSave accounts offering up to 14% per annum on savings plans. iVest fixed deposits with competitive returns above Treasury Bill rates.
5. Motor Insurance: Third party, fire and allied perils, and comprehensive motor insurance products underwritten by Serene and Sanlam Insurance. Commission-based revenue from insurance partnerships.
6. Invoice Discounting Fees: Discounting fee on total invoice amount negotiated in advance, plus once-off processing fee at 2% of total invoice amount. Revenue from SMEs and corporate clients using accelerated payment services.

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels5 records

Core offering

Izwe Savings and Loans PLC is a Ghanaian non-bank financial institution that provides secured personal loans (asset-backed and payroll loans for government employees), secured business loans for SMEs (iBiz), and invoice discounting services. It also offers a suite of deposit and investment products including iSave personal/business savings, Savings Plan, Mobisave digital savings, iVest fixed deposits, and iFlex current accounts, alongside third-party motor insurance products underwritten by Serene and Sanlam Insurance.

Product overview

Izwe Savings & Loans PLC is a Ghana-based non-bank financial institution regulated by the Bank of Ghana, offering a comprehensive suite of financial products and services. The core offerings include secured personal loans (with options for payroll loans for government employees and secured loans against vehicles, property, or investments) and business loans (SME loans and invoice discounting). The company provides multiple savings and investment vehicles including iSave accounts (personal and business), Mobisave digital savings, Savings Plan accounts, and iVest fixed deposit investments. Transactional banking is available through iFlex current accounts (personal and business) with cheque book access. Additional services include motor insurance underwritten by Serene and Sanlam, a referral program with incentive rewards, and USSD mobile banking services. The product portfolio is delivered through branches, agents, USSD channels, and digital platforms, serving both individual consumers and small-to-medium enterprises across Ghana.

Differentiator

Problem solved

Functional benefit

Brands

• iVest: Fixed deposit and investment account product offering competitive returns with fixed investment durations of 3, 6, or 12 months.
• iSave
• iFlex
• Car4Cash

Products and services

• Secured Personal Loan A secured personal loan allowing borrowers to use their car, landed property, or investments held at Izwe as collateral while continuing to use those assets during the repayment period; available up to GHS 500,000 with repayment up to 48 months.
• Payroll Loan A loan product tailored for government employees including civil servants, Ghana Police Service, Ghana Army, Ghana Revenue Authority, and university staff, with preferential rates and salary-deduction repayment up to GHS 400,000 over 48 months.
• Small & Medium Enterprise Loan (iBiz) Secured business loan providing financial assistance for SMEs against the value of business assets such as vehicles, landed property, or investment portfolios, up to GHS 1,000,000 with repayment up to 48 months.
• Invoice Discounting Accelerated invoice payment financing solution for SMEs and suppliers that settles invoices within 24 hours while giving corporates up to 90 days to repay, bridging cash flow gaps in B2B trade.
• iSave Personal Account A regular savings account open to individuals and informal traders with no maintenance fees and flexible deposit options.
• iSave Business Account Regular savings account for business owners paying 10% per annum interest with no maintenance fees.
• Savings Plan Account Monthly savings plan with terms of 6, 12, 18, or 24 months offering competitive rates up to 14% per annum with bonus interest rewards for consistent contributions and no monthly maintenance fee.
• iVest Fixed Deposit Account Fixed-term investment account with minimum investment of GHS 5,000 offering investment periods of 91, 182, or 365 days with fixed interest rate and payment at maturity.
• Mobisave Digital Savings Account Interest-bearing digital savings account accessible via USSD (*272#) with a 12% per annum interest rate and flexible daily, weekly, or monthly contribution options.
• iFlex Personal Cheque Account Current account offering transaction convenience with cheque book access for personal financial management.
• iFlex Business Cheque Account Current account offering convenience for business transactions with access to a personalized chequebook for day-to-day creditor payments.
• Motor Insurance Motor vehicle insurance products underwritten by Serene and Sanlam Insurance, including Third Party, Fire & Allied Perils, and Comprehensive coverage for private and commercial vehicle owners.
• iCash Deposit Account Deposit savings account with a prevailing interest rate, offered as part of Izwe's investment options alongside iVest Fixed Deposit.

Quantifiable outcome

• 230,000+ customers served in over a decade of operation
• +3 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered major and core.

• Greater Accra Regional Secretariat of the Ghana Private Road Transport Union (GPRTU)majorStrategic or Co-development Partner · 1 January 2021Izwe formed a partnership with GPRTU to finance 20 brand new Toyota vehicles for transport operators, demonstrating commitment to supporting the transport sector and providing asset-financing solutions to informal sector workers.
• Ghana Deposit Protection Corporation (GDPC)coreOthersIzwe is proudly associated with the Ghana Deposit Protection Corporation, a scheme established to protect small depositors from loss incurred as a result of the occurrence of an insured event. The scheme supports development of a safe, sound, efficient, and stable market-based financial system in Ghana.
• Serene InsurancecoreOthersMotor insurance products (Third Party, Fire & Allied Perils, and Comprehensive) underwritten by Serene Insurance, enabling Izwe to offer bundled insurance solutions to vehicle owners.
• Sanlam InsurancecoreOthersMotor insurance products underwritten by Sanlam Insurance alongside Serene, providing comprehensive insurance coverage options for both private and commercial vehicle owners.
• Bank of GhanacoreOthersIzwe is a registered non-banking financial institution regulated by the Bank of Ghana, operating under the Banks and Specialized Deposit-Taking Institutions Act, 2016 (Act 930).

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Letshego Ghana: Letshego Ghana is a deposit-taking non-bank financial institution offering payroll-backed loans, SME finance, and savings products to civil servants and informal-sector workers in Ghana — directly comparable product set, customer segment, and regulatory category to Izwe.
• Bayport Financial Services Ghana: Bayport Ghana provides payroll-deduction loans, savings, and insurance products to salaried employees across Ghana, mirroring Izwe's payroll-loan-led GTM and customer segmentation of civil servants and formal-sector workers.
• Home Finance Company (HFC) Ghana: HFC is a Ghanaian savings and loans / mortgage-focused non-bank financial institution offering secured personal and mortgage lending plus deposit products — comparable as a local NBFI savings & loans competitor.
• SEM Capital (SEM Financial Holdings): SEM Capital operates in Ghana as a non-bank financial services group providing loans, savings, and investments to individuals and SMEs — directly competitive with Izwe's product portfolio and target market.

Broad incumbents

• First National Bank Ghana: FNB Ghana is a commercial bank offering personal loans, business banking, and savings products across Ghana — broader incumbent competing across overlapping segments but with a wider portfolio beyond NBFI niche.
• Ghana Commercial Bank (GCB Bank): GCB is Ghana's largest state-linked commercial bank with extensive branch and digital reach, offering personal loans, SME banking, and savings products — a broad incumbent competing with Izwe across multiple products.
• Ecobank Ghana: Ecobank Ghana is a large pan-African commercial bank offering personal loans, business banking, savings, and digital channels — overlaps with Izwe's product set as a broad banking incumbent.
• CalBank PLC: CalBank is a Ghanaian universal bank providing retail loans, SME finance, and treasury products — comparable as a listed Ghanaian financial institution competing across overlapping customer segments.

Emerging players

• MTN Mobile Money (MoMo): MTN MoMo is Ghana's dominant mobile money platform offering payments, micro-savings, and increasingly micro-credit — an emerging digital competitor attacking the same unbanked and SME segments that Izwe serves via USSD.
• Fido (formerly Expresspay Ghana): Fido is a Ghanaian digital lender offering instant personal loans to salaried and SME customers via mobile — an emerging fintech player competing directly with Izwe's personal and SME loan offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/izweghltd
• LinkedInlinkedin.com/company/izweghana

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Izwe Savings & Loans