ACTB SAVINGS AND LOANS LTD
Who is our client
ACTB Savings and Loans Limited (ACTB) is one of the largest regulated microfinance institutions in Sierra Leone. ACTB offers a broad range of products to the micro and SME segment. It serves more than 17.000 clients.
With this loan FMO will contribute to reducing inequalities and support Economic Growth by supporting ACTB in its mission to finance the micro and SME segment.
Why we fund this project
Approximately 60% of Sierra Leoneans live below the national poverty line. ACTB aims to support economic growth and reduce inequalities by providing financial solutions to the people and communities in Sierra Leone that are regularly excluded. FMO would be the first DFI to support ACTB.
Environmental and social rationale
ACTB is categorized as C given the nature of the portfolio (mainly microfinance).
|Date||Total FMO financing|
|10/17/2019||USD 1.50 MLN|
- Website client
- Sierra Leone
- Financial Institutions
- Signing date
- Total FMO financing
- USD 1.50 MLN
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C)