ASA Microfinance[Sierra Leone) Ltd
Sierra Leone · 13 Employees
ASA Microfinance Sierra Leone Limited (ASA Sierra Leone) was incorporated under The Companies Act, No. 05 of 2009 with the Corporate Affairs Commission (CAC), Sierra Leone, in May 2015 (Registration No. C.F. 001537). At the same time, the company obtained the "Certificate of Business Registration" under The Business Registration Act, No. 18/2007 (CBR/12 No. 0005762).
ASA Sierra Leone is a subsidiary of ASA International, one of the world's largest international microfinance institutions.
ASA Sierra Leone started operations in 2016.
VISION
Reducing poverty by improving the lives of the underprivileged with a key focus on female entrepreneurs.
MISSION
We have a strong commitment to financial inclusion and socioeconomic progress.
OBJECTIVE
Providing microfinance loans for business purposes to low-income entrepreneurs with the objective to improve financial inclusion and realize socioeconomic progress. Our loans provide an alternative to low-income entrepreneurs without access to credit from traditional banks. We provide these loans using the ASA Model. The ASA Model was introduced by Md. Shafiqual Haque Choudhury, co-founder of ASA International, who sadly passed away in February 2021. Read more about our co-founder and tributes to his contribution here.
ASA Sierra Leone has branches in 10 regions (Lumley, Congo Town, Waterloo, Port-Loko, Kenema, Bo, Kono, Makeni, Mountain Cut, and Jui) with the largest number of branches in Bo. ASA Sierra Leone is indirectly wholly owned by ASA International Plc.
Country Overview as of January 3, 2018 (UN estimates):
Total Population: 7,639,153
Area: 72,180 SKM (27,869 square miles)
Density: 105 per square kilometres.
Around 40% of population is urban live in Freetown, Bo, Makeni, Kenema, and in some other small towns.
Average life expectancy is 51.41 years (Male: 50.86, female: 51.99-2015,
Population below poverty line: 70.2% (scale: 1.90 USD/day)
Mobile Banking: BSL has not yet given permission to any MFI for mobile banking.
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