Multi Credit Savings and Loans Limited started as a Community Bank in Kumasi. It was incorporated as a private limited liability company under the Companies Code 1963 (Act 179) on 17th September, 1998 and licensed by the Bank of Ghana on 5th July, 1999 with the authority to carry out the business of non-banking financial institutions under the Financial Institutions (Non- Banking) Law 1993 (PNDCL 328). Having complied with the provisions of Sections 7 and 28 of the Companies Code, it commenced business on 9th August, 1999.

From this humble beginning, the then Garden City Community Bank grew from strength to strength with massive increases in the number of customers who were mainly petty traders and service providers wanting to deposit their monies and access soft loans to expand their businesses. The Board of Directors of the Bank then thought it wise to expand by way of giving out financial assistance to its loyal contributors. To legalize the loans aspect of their operations, and as stipulated by Bank of Ghana, Garden City Community Bank had to migrate into a savings and loans entity – a move that culminated in the change of name to Garden City Savings and Loans Limited.

Garden City Savings and Loans was one of the first non-bank financial institutions to be established in the Ashanti Region and Ghana for that matter. Just like any business, the motive was firstly to make profit for its shareholders and secondly to contribute to the growth of the Ghanaian economy, by creating jobs and extending loans to small and medium scale businesses to expand.

Garden City Savings and Loans re-branded its corporate image on February, 2010 changing its name to MULTI CREDIT SAVINGS AND LOANS LTD. This name reflects our unmatchable products and services.