PAN AFRICAN Savings & Loans Company Ltd (PAN AFRICAN) is a microfinance company which was incorporated on September 4, 2006. It is the outcome of a collaboration between ECOBANK (The Pan African Bank) and ACCION International (an International Microfinance Institution) to provide financial services to the low income and un-banked segment of the African population. Ghana was selected as the first operating point in Africa with an objective to build a large scale microfinance platform offering tailored financial services to individuals, micro & small businesses.
PAN AFRICAN’s action plans are geared towards job creation leading to poverty alleviation and the mobilization of domestic savings for national development. PAN AFRICAN’s strategy is in line with Government’s overall policy of encouraging private enterprise, poverty alleviation and diversifying banking services thereby bringing banking closer to the people.
Pan-African Savings and Loans intends to make savings and access to finance much more relevant to the un-banked, low-income earners and small businesses, facilitating the creation of wealth & employment for our target market.
The company also provides savings and investment opportunities and serves as an outlet for remittance products such as Rapid Transfer, Western Union, Moneygram, MTN mobile money, Airtel Money and Tigo Cash.