The Pan-African Savings and Loans Company Limited is a Tier 1 financial institution, regulated under the Banking Act, 2004 and the Banking (Amendment) Act, 2007 with commitment to providing convenient and sustainable banking services to the economically active poor in Ghana. It is the outcome of a collaboration between Ecobank Transnational Incorporated (a leading independent regional bank in Africa), Ecobank Ghana Limited, Accion Investments in Microfinance SPC and International Finance Corporation (IFC).
The Company first opened its doors to the general public on March 8, 2008 with 2 branches (located in Tudu and Abeka Lapaz). As the year progressed, the efforts and commitment of staff, Management and the Board enabled the company expand its branch network to amplify its value proposition of accessibility and proximity. In August 2015, the company rebranded from EB-Accion Savings and Loans to our current name, Pan-African Savings and Loans. The event which marked a significant milestone in the history of the company was to reposition our brand in a more strategic manner towards achieving our vision of being “the Leader in Microfinance in Africa”. Pan-African is powered by the Ecobank Group Microfinance which is represented in 5 countries (Ghana, Sierra Leone, Cameroun, Burkina Faso & Nigeria).
We offer savings and investment opportunities and serve as an outlet for remittance products such as Rapid Transfer, Western Union, Moneygram, MTN mobile money, Airtel, Tigo Cash and Vodafone cash and are presently located in the Greater Accra Region, Central Region, Brong Ahafo Region and the Central Region. Our customers are able to use their ATM cards on all Ecobank ATMs.
Pan-African Savings and Loans makes savings and access to finance much more relevant to the un-banked, low-income earners, micro, small and medium businesses, facilitating the creation of wealth & employment for our target market using credit and savings in a more convenient manner.
To show our commitment to this cause, we intend to expand our network, not only through branches, but through digital financial services to reduce the financially excluded population.