A Northern Ghana lender built for Northern Ghana realities.
Palace Micro Credit was founded in 2023 in Bolgatanga with a simple belief: the people of Northern Ghana are hardworking, capable, and credit-worthy — and they deserve a lender that actually understands their lives.
For too long, accessing small, short-term credit in the North has meant one of two things: dealing with loan sharks who charge ruinous rates, or queuing at banks that ask for collateral and paperwork most people simply don't have. We exist as a third option — formal, fair, and rooted right here in the community.
Our Mission
To provide accessible, transparent, and responsible short-term credit that empowers individuals and small businesses across Northern Ghana to grow on their own terms.
Our Vision
A Northern Ghana where every farmer, trader, artisan, and family has fair access to the credit they need to build the life they want.
The principles that guide our credit decisions
Every customer is treated with dignity, from the first conversation to the last repayment.
No hidden fees. No surprise charges. What we agree is exactly what you pay.
Opportunity in the North doesn't wait for the next market day. Neither do we.
We lend only what you can comfortably repay, and we walk with you through it.
We're from here, we live here, and we're invested in the long-term success of this region.
Born out of regional frustration
Palace Micro Credit was born out of a simple observation: the formal banking system was built for salaried workers in cities like Accra, leaving the heartbeat of Northern Ghana's economy—its farmers and market traders—without viable options. Seeing local traders struggle with high-interest informal lenders, Edward Atia Ayagle decided to establish a credit institution that respects the local rhythm of life.
Since opening our doors in Bolgatanga, we have focused on low-barrier, relationship-driven lending. By removing standard collateral requirements and adjusting repayments to align with harvest seasons and weekly market days, we have helped hundreds of families expand their livelihoods and achieve sustainable growth.
Driven by credit professionals with Northern roots
Edward Atia Ayagle
Founder & CEO
Former Senior Credit Analyst with over 12 years of experience in development finance and micro-lending across West Africa. Edward returned to Bolgatanga to build a micro-credit system that aligns with local agrarian and trade cycles.
Naa Lamisi Awuni
Head of Operations
With a background in micro-savings management and cooperative operations, Naa oversees our regional field offices and customer relations, ensuring respect and transparency are maintained in all interactions.
Joseph Alandu
Head of Credit & Risk
An agricultural economist and risk specialist. Joseph designed our adaptive risk scoring framework, allowing Palace to extend credit to unbanked farmers and informal traders based on community trust and track record.
Bank of Ghana Regulated Microfinance
Palace Micro Credit Ltd. is licensed by the Bank of Ghana (License No: BoG/MC/2023/1842) to operate as a micro-credit enterprise under the Non-Bank Financial Institutions Act, 2008 (Act 767). We are proud, active members of the Ghana Association of Microfinance Companies (GAMC).