Sierra Leone is amongst the poorest countries of the world, with over 60% of her population living below the United Nations poverty line of USD 1 per day. Though the country moved from 184th to 183rd in the Human Development Index of 2014, the position still remains the worst in the Mano River region. Financial access is extremely limited in Sierra Leone. According to the World Bank, out of 3.6 million adults, 3.1 million were unbanked in 2014. Only 12% of adult women in Sierra Leone own a transaction account.
We provide loans to women who are not served by other financial institutions, giving them the opportunity to start their own businesses in their local communities. Borrowers of microloans are not required to provide collateral, and can reimburse their loans on a weekly basis against competitive interest rates. Through this initiative we help the government of Sierra Leone achieve its goal of developing a feasible and fully functioning microfinance sector. We offer microloans along with other services, and provide small enterprise loans to entrepreneurs who are seeking to expand their business.
