ACTB Savings & Loans Limited
Established in 2008, actb Savings & Loans Limited (ACTB) provides financial services for Sierra Leone’s largely unbanked population. The company now has a microfinance and SME loan book above US$4.1 million and is on track for a loan book exceeding US$6 million by July 2018.
ACTB has grown to become a ‘pro-poor microfinance bank’ with 9 branches, 103 employees and more than 15,000 active clients. The company was granted its deposit taking license in May 2017 by the Central Bank of Sierra Leone, becoming the first credit-only microfinance institution in the country to transition into savings and loans. Between June and October 2017 over 10,000 new bank accounts were opened.