Status: Approved investment
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FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more

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The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.

Who is our customer

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.

What is our 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 do we fund this investment?

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.

What is the Environmental and Social categorization rationale?

ACTB is categorized as C given the nature of the portfolio (mainly microfinance).

More investments

Date Total FMO financing
9/23/2019 USD 1.50 MLN
Website customer/investment
Sierra Leone
Financial Institutions
Effective 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)