actb Savings & Loans, Sierra Leone’s largest non-banking lender, are delighted to announce completion of their first institutional investment.
The investment comes from Cordaid, the Catholic Organisation for Relief and Development Aid. Cordaid have been active in Sierra Leone supporting private sector development since the early 90s and were instrumental in the redevelopment of the microfinance industry after the Ebola crisis.
Operating since 2009, actb has grown from under 9,000 clients in 2014 to more than 16,000 today. The company is fastly becoming the leading pro-poor financial services provider, offering best-in-class customer service in delivering microfinance and savings products to their customers. ACTB built much of their reputation during the most challenging years of their history, during the Ebola crisis, when many internationally run MFIs withdrew expatriate staff and suspended activities. With an entirely locally managed team, ACTB were able to fully maintain operations, even within the quarantined areas.