The Sierra Leone Association of Commercial Banks (SLACB); the Central Bank of Sierra Leone (BSL, in French); and Sasikom Capital Partners, a private consulting firm, have created a partnership to promote financial inclusion in Sierra Leone through a national survey and public engagement campaign. The campaign intends to provoke dialogue about what financial inclusion means and how SLACB and BSL can increase it. The Governor of the Central Bank of Sierra Leone, Mr Sheku S Sesay, reportedly identifies financial inclusion as a major objective of BSL, recognizing that it remains “a challenge”.
The 13 microfinance institutions operating in Sierra Leone that reported data to the US-based nonprofit data provider Microfinance Information Exchange (MIX) in 2011 held an aggregate gross loan portfolio of USD 4.3 million disbursed to approximately 33,000 borrowers.
By Mihaela Grindeanu, Research Associate
Sources and Additional Resources:
Awoko.org story: “SLACB, BSL & Sasikom ink ‘financial inclusion’ partnership”, http://www.awoko.org/2012/07/20/slacb-bsl-sasikom-ink-%E2%80%9C-financial-inclusion%E2%80%9D-partnership/
MicroCapital.org story, March 9, 2011: “MICROCAPITAL BRIEF: Sierra Leone-based Microfinance Institution (MFI) Hope Micro Partners with Kopo Kopo and Splash Mobile Money”, https://www.microcapital.org/microcapital-brief-sierra-leone-based-microfinance-institution-mfi-hope-micro-partners-with-kopo-kopo-and-splash-mobile-money/
MicroCapital.org story, August 3, 2012: “MICROCAPITAL BRIEF: EU, UN Urge African Governments to Reach Out to Marginalized Women in Rural Areas with Microfinance, Securing of Property Rights”, https://www.microcapital.org/microcapital-brief-eu-un-urge-african-governments-to-reach-out-to-marginalized-women-in-rural-areas-with-microfinance-securing-of-property-rights/
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