First Allied Savings & Loans Ltd was incorporated as a Limited Company on May 24th, 1995 to accept deposits from the public and provide credit services to businesses and consumers. The company started operations on 25th September 1996. In June 2004, AfriCap Microfinance fund made an equity investment of approximately US $600,000 in First Allied Savings & Loans Ltd. Africap, which manages a US $15 million investment fund, is dedicated to the promotion of Microfinance in Africa. AirCaps’ shareholders include leading development finance institutions such as International Finance Corporation (IFC) European Development Bank (EIB) Department for International Development (DFID), Netherlands Development Finance Co (FMO) and Canadian International Development Agency (CIDA).

Philip Y. Amakye : Our vision is to create an excellent institution; a leader in the provision of quality financial services to the micro and small enterprise sector.