Project detail - ACTB SAVINGS AND LOANS LTD

ACTB SAVINGS AND LOANS LTD

Back to map

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.

Funding objective

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).

More investments

Date Total FMO financing
10/17/2019 USD 1.50 MLN
Website client
http://savingsandloans.sl/
Region
Africa
Country
Sierra Leone
Sector
Financial Institutions
Signing date
9/23/2019
Total FMO financing
USD 1.50 MLN
Fund
MASSIF
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)
C