Pan-African Savings and Loans Company

What Pan-African Savings and Loans Company does

Pan-African Savings and Loans Company Limited is a Ghana-domiciled, private microfinance institution headquartered in Accra and operating as a subsidiary of Ecobank Ghana (itself part of the Ecobank Group, which spans 33 African countries). The company delivers a comprehensive suite of retail and small-business financial products — eleven loan products spanning Micro Plus, SME Plus, SME Fixed Asset, Nkosuo, MAMA Club Group, School/Church, Top-up, Micro Express, Adwuma Pa, School Fees, and Express Cash/Salary; four deposit/savings products (Current, Corporate Current, Hybrid Savings, Corporate Savings); and four investment products (Fixed Deposit, Corporate Investment, Safari Junior, Okyena Nti) — to unbanked/underbanked individuals, micro and small business owners, women entrepreneurs, salary earners, parents, and institutional customers such as schools and churches.

Its technology stack is anchored on a USSD-based mobile financial service (Quick, *777#) launched in September 2016, which works on any mobile phone without internet or airtime and supports deposits, withdrawals, transfers, bill payments, airtime, and instant micro-loans. Distribution is multi-channel: 15+ branches across Ghana's Greater Accra, Ashanti, Eastern, Central, and Brong Ahafo regions, an agency banking agent network, the Ecobank ATM network, mobile money integration across all mobile networks, and international remittance partnerships with Western Union, MoneyGram, Ria, and Rapid Transfer.

Revenue is generated primarily through net interest margin on loans and deposits, transaction and interchange fees from Quick, ATM, mobile money, and remittance services, and credit life insurance attached to loan products. Customer engagement is reinforced by the MAMA gender programme (group lending plus non-financial services such as business training, digital literacy, health screenings, and networking) and an annual Business Advisory Workshop reaching 200+ customers per year since 2016. The company is led by Managing Director Jacqueline Dufie Mpare and operates with 501-1,000 employees.

Name

Pan-African Savings and Loans Company

Legal name

Pan-African Savings and Loans Company Limited

Website

https://panafricansl.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Pan-African Savings and Loans is a Ghana-based microfinance institution, subsidiary of Ecobank Ghana, offering savings, loans, investment, and digital banking services to unbanked individuals, micro/small businesses, and women entrepreneurs through 15+ branches, USSD mobile (*777#), agency banking, ATM, and remittance channels.

Ownership category

akta.pro rank

Product category

Microfinance

NAICS

Savings Institutions and Other Depository Credit Intermediation (52218)

SIC

Savings Institutions, Not Federally Chartered (6036)

akta.pro primary industry

SME, Microfinance & Financial Inclusion Facilities (BPADACAI)

akta.pro secondary industries

Microloans & Working Capital Loans (FSAKAGAA), SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

Keywords

• Microfinance services
• Savings accounts
• Consumer lending
• Mobile banking
• Agency banking

Headquarters

HQ city

Accra

HQ country

Ghana

HQ region

Africa

Offices17 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Loan Interest Income: Interest income from diversified loan portfolio including Micro Plus Loans, SME Plus Loans, SME Fixed Asset Loans, Nkosuo Loans, MAMA Club Group Loans, School/Church Loans, Top-up Loans, Micro Express Loans, Adwuma Pa Loans, School Fees Loans, and Express Cash/Salary Loans. Competitive interest rates with 5% rebate for timely repayment.
2. Deposit Interest Spread: Interest paid to depositors on savings accounts (Current Account, Hybrid Savings Account, Corporate Savings Account) while earning higher returns through loan portfolio, generating net interest margin.
3. Investment Products: Term deposits, Fixed Deposit Accounts, Corporate Investment Accounts, Safari Junior Accounts, and Okyena Nti Investment Accounts generating fee and spread income.
4. International Remittance Services: Commission income from international money transfer services via Western Union, MoneyGram, Rapid Transfer, and Ria Money Transfer.
5. Digital Banking Transaction Fees: Transaction fees from Quick mobile service, agency banking transactions, mobile money services, ATM withdrawals and balance enquiries.
6. Credit Life Insurance: Mandatory credit life insurance required for loan products, generating additional revenue stream.

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels11 records

Core offering

Pan-African Savings and Loans is a microfinance institution providing deposit accounts, micro and SME loans, investment accounts, and digital banking services to individuals, micro and small businesses, women entrepreneurs, and unbanked populations across Ghana. The company operates 15+ branches, an agency banking network, and the Quick USSD mobile financial service (*777#), and offers international remittance services via Western Union, MoneyGram, Ria, and Rapid Transfer. As a subsidiary of Ecobank Ghana, it leverages Ecobank's ATM network, digital infrastructure, and brand association to extend financial inclusion.

Product overview

Pan-African Savings and Loans operates as a microfinance institution offering a comprehensive suite of financial products organized across multiple categories: deposit accounts (Current, Corporate Current, Hybrid Savings, Corporate Savings), loan products (Micro Plus, SME Plus, SME Fixed Asset, Nkosuo, MAMA Club Group, School/Church, Top-up, Micro Express, Adwuma Pa, School Fees, Express Cash/Salary), investment accounts (Fixed Deposit, Corporate Investment, Safari Junior, Okyena Nti), and digital banking services (Quick mobile financial service via USSD, Mobile Money, Agency Banking, ATM, International Fund Transfer via Western Union/MoneyGram/Rapid Transfer/Ria). The company also operates the MAMA gender programme as a specialized sub-brand targeting women entrepreneurs with tailored financial and non-financial services. The product portfolio is delivered through branch network, agency banking, and digital channels including the Quick platform accessible via *777# USSD code.

Differentiator

Problem solved

Functional benefit

Brands

• MAMA: Gender programme combining savings, loans, and payment products with free non-financial services including business skills training and eHealth and wellness services for women customers. Serves segments including MAMA Business, MAMA Agri, MAMA Home, MAMA Dwumadi, and Young MAMA.
• Quick
• Safari Junior

Products and services

• Micro Plus Loan
• SME Plus Loan
• SME Fixed Asset Loan
• Nkosuo Loan
• MAMA Club Group Loan
• School/Church Loan
• Top-up Loan
• Micro Express Loan
• Adwuma Pa Loan
• School Fees Loan
• Express Cash/Salary Loan
• Current Account
• Corporate Current Account
• Hybrid Savings Account
• Corporate Savings Account
• Fixed Deposit Account
• Corporate Investment Account
• Safari Junior Account
• Okyena Nti Investment Account
• Quick Mobile Financial Service
• Mobile Money
• Agency Banking
• ATM Services
• International Fund Transfer (Remittance)
• MAMA Programme

Quantifiable outcome

• Loans processed within 24 hours
• +4 more outcomes

Named customers1 record

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature4 records

Partnerships

Seven partnerships are on record, tiered core, minor and supporting.

• GIZ GmbH (Deutsche Gesellschaft für Internationale Zusammenarbeit)coreStrategic or Co-development Partner · 21 March 2025Strategic collaboration for the Mama Club Group Loans product. GIZ provided technical guidance, staff capacity building, and funding for the product's communication strategy. Funded by the German Federal Ministry for Economic Cooperation and Development (BMZ). The partnership focuses on empowering women entrepreneurs through sustainable credit facilities.
• Josh TravelsminorOthersCampaign partner for the 'Kudi & More Campaign' - a three-month savings promotion campaign that rewarded loyal customers with household appliances and a grand prize trip to Singapore.
• Zoomlion Ghana LimitedminorOthersCSR partnership for Kaneshie Market fumigation exercise. Zoomlion provided technical expertise and manpower for the comprehensive fumigation of market interior and exterior spaces.
• Western UnioncoreChannel Partner/ Reseller/ DistributorInternational money transfer service partnership enabling customers to receive and send money globally through Pan-African branches.
• MoneyGramcoreChannel Partner/ Reseller/ DistributorInternational money transfer service partnership for global remittance services.
• Ria Money TransfersupportingChannel Partner/ Reseller/ DistributorInternational money transfer service partnership for remittance services.
• Rapid TransfersupportingChannel Partner/ Reseller/ DistributorInternational money transfer service partnership for remittance services.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Sinapi Aba Savings and Loans: Ghanaian savings and loans company focused on microfinance and SME lending with strong group-lending tradition. Closest like-for-like peer to Pan-African—Pan-African's own Head of Products previously spent 12 years at Sinapi Aba rising from Associate Financial Services Officer to Branch Manager.
• Bayport Savings and Loans Ghana: Ghanaian savings and loans company offering personal loans, salary-backed lending, and financial inclusion products. Directly comparable in product mix (SME, salary, education) and target segment (salaried and emerging middle class borrowers in Ghana).
• Adehyeman Savings and Loans Company: Ghanaian savings and loans company with comparable micro/SME loan products and deposit franchise. Pan-African's current CFO Isaac Kwegyir spent 10 years at Adehyeman (2014-2023), confirming operational comparability and direct talent overlap in the Ghanaian S&L market.
• ProCredit Bank Ghana: Ghanaian subsidiary of ProCredit Group, focused on SME and micro-banking with transparent savings products and responsible lending practices. Comparable in target customer (micro and small businesses) and in operating model emphasizing digital banking plus physical branches. Pan-African's Head of Risk began her career as a Loan Officer at ProCredit.
• Letshego Ghana: Subsidiary of pan-African inclusive finance group Letshego Holdings, offering micro-loans, savings, and financial inclusion products in Ghana. Highly comparable business model—focused on unbanked/underbanked salaried employees and micro-entrepreneurs via deduction-at-source lending and mobile channels.
• First Allied Savings and Loans: Ghanaian savings and loans company providing microfinance, SME, and retail deposit/loan products. Directly competes in the same Ghanaian S&L competitive set as Pan-African, with overlapping target markets (micro/SME borrowers, salary earners).
• Midland Savings and Loans: Ghanaian savings and loans institution offering credit, savings, and investment products to retail and SME customers. Direct competitor in the same regulated S&L space; Pan-African's Head of Products previously served as Head of Credit at Midland (2014-2016).
• Opportunity International Savings and Loans Ghana: Microfinance-focused savings and loans institution serving micro-entrepreneurs and smallholder farmers in Ghana, with group lending methodology. Directly comparable target segment (micro-borrowers, women's groups) and product set (group loans, micro-savings).

Broad incumbents

• Equity Bank Kenya: Pan-African commercial bank rooted in microfinance, with subsidiaries across East and Central Africa serving micro, SME, and retail customers. Comparable in financial-inclusion DNA and group lending heritage, but operates at much greater scale and across more countries than Pan-African.

Others

• MTN Ghana Mobile Money: Ghana's dominant mobile money operator offering cash-in/out, transfers, merchant payments, and increasingly micro-credit. Not a direct deposit-taker but a critical competitor and partner that defines the digital payments landscape in which Pan-African's Quick USSD service operates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/panafricanslc
• Facebookfacebook.com/panafricanslc
• LinkedInlinkedin.com/company/pan-african-savings-and-loans-ghana
• Instagraminstagram.com/panafricanslc
• TikToktiktok.com/@panafricanslc

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

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 Pan-African Savings and Loans Company