BRAC Sierra Leone Microfinance Company Limited
Sierra Leone
BRAC Sierra Leone Field Partner Page
BRAC was founded in Bangladesh in 1972 as a small-scale relief project to help the country overcome the devastation of the liberation war and aid in the resettlement of refugees returning from India. BRAC has subsequently acted as a pioneer and catalyst for change, taking a holistic development approach to attacking poverty and empowering people in over 9 countries around the world.
BRAC achieves rapid change through a ground-up approach that focuses on building scale and recognizing both the social and economic needs of its client base. BRAC started working in Sierra Leone in 2008, and began providing microfinance services in June 2009. BRAC Sierra Leone also offers extensive training and capacity building programs in the areas of health, poultry and livestock, agriculture, human rights and legal services. It operates more than 43 branches in all four regions of Sierra Leone, and by the end of 2009, BRAC’s services reached over a quarter of a million Sierra Leoneans.
In Sierra Leone, women are especially affected by poverty, and BRAC has found that empowering women can bring about positive changes in their families and communities. Thus. over 99% of BRAC’s loan recipients in Sierra Leone are women.
One of BRAC Sierra Leone’s microfinance programs, the small enterprise loan, targets both male and female entrepreneurs who seek to expand small businesses and have limited access to capital. These small business entrepreneurs would otherwise have very limited access to the formal financial system, as they are too large for microloans but insufficient collateral for commercial banks. The ultimate goal of the small enterprise loan is to generate employment opportunities.
BRAC’s Vision
Our vision is of a just, enlightened, healthy and democratic world free from hunger, poverty, environmental degradation and all forms of exploitation based on age, sex, and ethnicity.
BRAC’s Mission
To work with people whose lives are dominated by extreme poverty, illiteracy, disease, and other disadvantages. With a holistic approach, we strive to bring about positive changes in the quality of life of people who are poor.
BRAC achieves its mission by:
- Working with the poor, especially women and children;
- Engaging in multifaceted development interventions;
- Striving the promote positive changes in quality of life;
- Working towards attaining socially, financially, and environmentally sustainable programs;
- Actively promoting human rights, human dignity, and gender equity;
- Helping to shape national and global policies on poverty reduction and social progress;
- Fostering the development of human potential;
- Offering professional development opportunities to our staff;
- Encouraging commitment to the goals and values of our organization
| This Field Partner | All Kiva Partners | ||
| Start Date On Kiva | Mar 24, 2011 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $483,100 | $426,651,775 | |
| Amount of Raised Inactive Loans | $0 | $238,975 | |
| Number Of Raised Inactive Loans | 0 | 213 | |
| Amount of Paying Back Loans | $240,300 | $94,149,725 | |
| Number Of Paying Back Loans | 546 | 101,646 | |
| Amount of Ended Loans | $242,800 | $332,263,075 | |
| Number Of Ended Loans | 272 | 435,701 | |
| Delinquency Rate | 0.00% | 1.91% | |
| Amount In Arrears | $0 | $1,156,960 | |
| Outstanding Portfolio | $151,290 | $60,497,022 | |
| Number of Loans Delinquent | 0 | 9,042 | |
| Default Rate | 3.26% | 0.97% | |
| Amount of Ended Loans Defaulted | $7,924 | $3,220,059 | |
| Amount of Ended Loans | $242,800 | $332,263,075 | |
| Number Of Ended Loans Defaulted | 14 | 9,823 | |
| Currency Exchange Loss Rate | 0.00% | 0.02% | |
| Amount of Currency Exchange Loss | $0 | $77,435 | |
| Refund Rate | 0.04% | 0.95% | |
| Amount of Refunded Loans | $200 | $4,068,925 | |
| Number Of Refunded Loans | 1 | 4,589 |
| This Field Partner | All Kiva Partners | ||
| Loans To Women Entrepreneurs | 78.88% | 74.04% | |
|---|---|---|---|
| Average Loan Size | $590 | $407 | |
| Average Individual Loan Size | $590 | $646 | |
| Average Group Loan Size | $0 | $1,744 | |
| Average Number Of Entrepreneurs Per Group | 0 | 8 | |
| Average GDP Per Capita (PPP) in Local Country | $903 | $3,345 | |
| Average Loan Size / GDP Per Capita (PPP) | 65.35% | 12.17% | |
| Average Time To Fund A Loan | 5.69 days | 4.68 days | |
| Average Dollars Raised Per Day Per Loan | $103.63 | $86.95 | |
| Average Loan Term | 10.32 months | 9.61 months |
| This Field Partner | All Kiva Partners | ||
| Total Journals | 244 | 203,871 | |
|---|---|---|---|
| Journaling Rate | 84.08% | 39.99% | |
| Average Number Of Comments Per Journal | 0.02 | 0.11 | |
| Average Number Of Recommendations Per Journal | 0.00 | 2.72 |
| This Field Partner | Median for MFI Peers in Country | All Kiva Partners | ||
| Portfolio Yield | 44.70% | 56.80% | 35.13% | |
|---|---|---|---|---|
| Profitability (Return on Assets) | -14.6% | 6% | -0.15% | |
| Average Loan Size (% of Per Capita Income) | 35.30% | 35.80% | 47.07% |
- Country:
- Sierra Leone
- Capital:
- Freetown
- Official Language:
- English
- Population:
- 6,005,250
- Avg Annual Income:
- $903
- Labor Force:
- Data by occupation unavailable By Sector: agriculture: 49% industry: 31% services: 21% (2001 est.)
- Population Below Poverty Line:
- 68%
- Literacy Rate:
- 29.6%
- Infant Mortality Rate (per 1000):
- 158.27 deaths
- Life Expectancy:
- 40.58 years
Field Partner Staff
Mohamed Shah AlamAmjad Ali
Eyashin Chowdhury
Ryan Cummings
Ryan Cummings
Jibon Das
Saiful Islam
Mohamed Amada Jalloh
Tapan Karmaker
Precy Kwan
Zaiul Sumon
Mbalu Turay

