FAQs

WHY CHOOSE NAA SIKA?

For years susu (Micro-savings) companies have used the manual process of collectors going round to collect contributions and pay their clients. This process has proven not to be efficient especially with data collation. Naa Sika Micro Savings is the first to fully digitise and use technology so one can save and withdraw contributions/savings with just a click on a phone. This takes away the human factor eliminating fraud and theft and bringing confidence into the microfinance space.

ARE YOU A REGISTERED ENTITY?

Yes, we are registered and regulated through the Ghana Susu Collectors Association and Licensed by the Bank of Ghana.

HOW DOES NAA SIKA WORK?

Naa Sika is an Application/bot built into the Telegram, WhatsApp messaging apps, with USSD, iOS and Andriod apps.

If you know how to send SMS then you can easily use our platform, it's like chatting with someone, and it’s fast than most banking apps.

WHAT ARE THE REQUIREMENTS TO JOIN?

It's simple, all you need is a registered phone number in Ghana (other countries coming soon) which will be your unique identifier on our system, you should be 18+ years or supervised by an adult if you are a minor. You also need a mobile money account as deposits and withdrawals are by Mobile Money. You don’t need to go to any office or bank to make a withdrawal or save, just a click and it’s done.

IS THERE ANY REWARD FOR INVITING OTHERS?

For a limited time only and on special promotions we offer a referral reward of all deposits of your affiliates. So take advantage and invite your family and friends and start earning a commission.

HOW DO I MAKE A DEPOSIT OR WITHDRAW FROM MY ACCOUNT?

Just click Savings and input the amount, within seconds you will receive a Mobile Money PIN prompt to confirm your deposit. The amount will be deducted from your mobile money account and credited to your Naa Sika Account. Withdrawal is similar with just a click to receive the funds into your Mobile Money account.

WHAT ARE THE CHARGES OF NAA SIKA

Charges are only 3 to3.2% which constitutes Mobile Money Integration fees and Naa Sika service charges.

SAVING PLANS

1️⃣ Aku Sika:
-Traditional Susu
-31 days to save equal amt
-Withdraw 30 days of Savings
-1 Day Fee (3.2%)

2️⃣ Barima Sika:
-Top-up anytime
-Ideal for mid/long term savings
-Choose your duration
-Each Deposit below 90 days will be discounted at a 3% fee
-Each Deposit of more than 90 days earns Interest
-Interest up to 8% PA

3️⃣ Aya Sika:
-Fixed deposit
-Lock it for 90days
-Earn Interest
-No Fees

WHAT IS YOUR RATE OF INTEREST?

We offer up to 8% PA interest on plans that offer it.