The Money Lenders Association Ghana [MLAG] incorporated on May 2, 2010 as an umbrella organization for Money Lending organizations and individuals under the Companies Code 1963 (Act 179) as an association limited by guarantee with the following objects:
- To bring members under one umbrella to develop conditions and regulations that would best serve the interest and enhance operations of members.
- To build networking and develop professional relationships among members through liaison with the Bank of Ghana and all stakeholders.
- To help members to develop and improve capacity building and advocacy.
- To provide acceptable operating standard of practice for members and to internally monitor and regulate operations of members.
To meet the common needs of money lenders in Ghana
To ensure that money lenders operate in a regulated and free market driven environment with integrity and professionalism to the balanced satisfaction of all stakeholders